Atmos Energy Correlations

ATO Stock

USD 167.18 0.30 0.18%

The current 90-days correlation between Atmos Energy and Select Energy Services is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Atmos Energy Correlation With Market

Significant diversification

The correlation between Atmos Energy and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atmos Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Atmos Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.

Moving together with Atmos Stock

0.71	CPK	Chesapeake Utilities	Pair Corr
0.81	OGS	One Gas	Pair Corr
0.65	002700	Xinjiang Haoyuan Natural	Pair Corr
0.65	POM	POMDOCTOR LIMITED	Pair Corr

Moving against Atmos Stock

0.71	PPERF	Bank Mandiri Persero	Pair Corr
0.57	PPERY	Bank Mandiri Persero	Pair Corr
0.56	UGI	UGI Corporation	Pair Corr
0.54	CNL	Collective Mining	Pair Corr
0.72	FCOB	1st Colonial Bancorp	Pair Corr
0.71	WF	Woori Financial Group	Pair Corr
0.69	FTV	Fortive Corp	Pair Corr
0.49	STLFF	Stillfront Group	Pair Corr
0.37	SIDU	Sidus Space Trending	Pair Corr
0.36	KB	KB Financial Group	Pair Corr
0.32	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.72	SYF	Synchrony Financial	Pair Corr
0.66	FQVLF	First Quantum Minerals	Pair Corr
0.61	TMSNY	Temenos Group AG	Pair Corr
0.61	ALB	Albemarle Corp	Pair Corr

Related Correlations Analysis

	WTTR	EAI	MSEX	EDN	HTO	NWN	UTL	RGCO
WTTR		0.48	0.43	0.01	0.35	-0.17	0.03	-0.24	WTTR
EAI	0.48		0.72	-0.48	0.47	-0.33	0.03	0.03	EAI
MSEX	0.43	0.72		-0.59	0.51	-0.38	0.04	-0.3	MSEX
EDN	0.01	-0.48	-0.59		-0.26	0.73	0.38	0.19	EDN
HTO	0.35	0.47	0.51	-0.26		-0.11	0.22	0.16	HTO
NWN	-0.17	-0.33	-0.38	0.73	-0.11		0.69	0.32	NWN
UTL	0.03	0.03	0.04	0.38	0.22	0.69		0.46	UTL
RGCO	-0.24	0.03	-0.3	0.19	0.16	0.32	0.46		RGCO
	WTTR	EAI	MSEX	EDN	HTO	NWN	UTL	RGCO

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NWN	+ 0.73	EDN
MSEX	+ 0.72	EAI
UTL	+ 0.69	NWN
HTO	+ 0.51	MSEX
EAI	+ 0.48	WTTR
HTO	+ 0.47	EAI

High negative correlations

EDN	- 0.59	MSEX
EDN	- 0.48	EAI
NWN	- 0.38	MSEX
NWN	- 0.33	EAI
RGCO	- 0.3	MSEX
HTO	- 0.26	EDN

Risk-Adjusted Indicators

There is a big difference between Atmos Stock performing well and Atmos Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Atmos Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WTTR	2.11	0.01	0.03	0.08	2.40	(2.48)	4.74	(4.57)	20.60
EAI	0.36	(0.04)	0.00	(0.04)	0.00	0.00	0.71	(0.81)	1.86
MSEX	1.48	(0.07)	0.00	(0.12)	0.00	0.00	2.92	(3.32)	16.71
EDN	4.18	1.10	0.35	0.55	2.90	(5.65)	11.65	(5.38)	43.13
HTO	1.09	0.01	(0.02)	0.09	1.76	(1.04)	2.31	(2.90)	7.82
NWN	0.79	0.08	0.01	16.17	1.10	(0.78)	1.64	(1.72)	5.58
UTL	0.79	0.04	(0.01)	0.26	1.26	(0.81)	1.70	(1.55)	7.11
RGCO	1.22	(0.09)	0.00	(0.31)	0.00	0.00	2.57	(2.29)	9.55

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