AtkinsRealis Correlations

ATRL Stock

95.94 0.49 0.51%

The current 90-days correlation between AtkinsRealis Group and Stantec is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AtkinsRealis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AtkinsRealis Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AtkinsRealis Correlation With Market

Poor diversification

The correlation between AtkinsRealis Group and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AtkinsRealis Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AtkinsRealis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AtkinsRealis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AtkinsRealis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AtkinsRealis Group to buy it.

Moving together with AtkinsRealis Stock

0.62	WSP	WSP Global Earnings Call This Week	Pair Corr
0.8	ARE	Aecon Group	Pair Corr
0.8	BDT	Bird Construction	Pair Corr
0.68	AEP	Atlas Engineered Products	Pair Corr
0.71	WMT	Walmart Inc CDR	Pair Corr
0.77	PXT	Parex Resources	Pair Corr
0.73	LUC	Lucara Diamond Corp Earnings Call This Week	Pair Corr
0.61	OOR	Opus One Resources	Pair Corr
0.62	HSTR	Heliostar Metals Earnings Call This Week	Pair Corr
0.76	NWH-UN	NorthWest Healthcare Earnings Call Tomorrow	Pair Corr
0.61	MN	Manganese X Energy Earnings Call This Week	Pair Corr
0.83	CJT	Cargojet Earnings Call Tomorrow	Pair Corr
0.79	XOX-P	Planet X Capital	Pair Corr
0.77	REI-UN	RioCan Real Estate	Pair Corr
0.76	NVX	NV Gold Corp	Pair Corr
0.63	CU	Canadian Utilities Earnings Call This Week	Pair Corr
0.63	TVI	TVI Pacific	Pair Corr
0.76	DNG	Dynacor Gold Mines	Pair Corr

Moving against AtkinsRealis Stock

0.72	DRT	DIRTT Environmental Earnings Call This Week	Pair Corr
0.71	MSFT	Microsoft CDR	Pair Corr
0.71	MSFT	Microsoft Corp CDR	Pair Corr
0.39	AAPL	Apple CDR	Pair Corr
0.39	AAPL	Apple Inc CDR	Pair Corr
0.32	GSD	Devonian Health Group Split	Pair Corr
0.41	ABXX	Abaxx Technologies	Pair Corr

Related Correlations Analysis

	STN	EFN	BBD-B	BBD-A	TIH	CAE	TFII	BBD-PB	BDT
STN		0.18	0.06	0.07	-0.35	0.32	-0.07	0.0	-0.04	STN
EFN	0.18		-0.58	-0.58	-0.69	-0.55	-0.56	-0.27	-0.6	EFN
BBD-B	0.06	-0.58		1.0	0.72	0.72	0.7	0.39	0.71	BBD-B
BBD-A	0.07	-0.58	1.0		0.72	0.73	0.7	0.37	0.72	BBD-A
TIH	-0.35	-0.69	0.72	0.72		0.43	0.75	0.22	0.75	TIH
CAE	0.32	-0.55	0.72	0.73	0.43		0.74	0.27	0.77	CAE
TFII	-0.07	-0.56	0.7	0.7	0.75	0.74		0.15	0.95	TFII
BBD-PB	0.0	-0.27	0.39	0.37	0.22	0.27	0.15		0.17	BBD-PB
BDT	-0.04	-0.6	0.71	0.72	0.75	0.77	0.95	0.17		BDT
	STN	EFN	BBD-B	BBD-A	TIH	CAE	TFII	BBD-PB	BDT

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

BBD-A	+ 1.0	BBD-B
BDT	+ 0.95	TFII
BDT	+ 0.77	CAE
TFII	+ 0.75	TIH
BDT	+ 0.75	TIH
TFII	+ 0.74	CAE

High negative correlations

TIH	- 0.69	EFN
BDT	- 0.6	EFN
BBD-A	- 0.58	EFN
BBD-B	- 0.58	EFN
TFII	- 0.56	EFN
CAE	- 0.55	EFN

Risk-Adjusted Indicators

There is a big difference between AtkinsRealis Stock performing well and AtkinsRealis 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 AtkinsRealis' 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
STN	1.16	(0.26)	0.00	(0.15)	0.00	0.00	2.06	(2.50)	13.78
EFN	1.00	(0.07)	0.00	(0.10)	0.00	0.00	1.99	(1.82)	10.29
BBD-B	2.20	0.42	0.13	0.76	2.69	(2.47)	4.73	(4.35)	16.51
BBD-A	2.18	0.45	0.13	1.60	2.99	(2.38)	3.81	(3.32)	17.48
TIH	1.15	0.36	0.18	1.22	1.29	(1.23)	2.40	(1.54)	8.78
CAE	1.48	0.14	0.07	0.25	1.59	(1.62)	2.98	(2.95)	10.00
TFII	1.65	0.46	0.19	0.80	1.94	(1.89)	4.15	(3.29)	14.34
BBD-PB	0.55	0.01	(0.05)	0.28	0.98	(0.58)	1.13	(1.06)	5.74
BDT	1.30	0.35	0.18	0.54	1.30	(1.36)	3.15	(2.66)	8.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in AtkinsRealis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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AtkinsRealis Corporate Management

Elected by the shareholders, the AtkinsRealis' board of directors comprises two types of representatives: AtkinsRealis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AtkinsRealis. The board's role is to monitor AtkinsRealis' management team and ensure that shareholders' interests are well served. AtkinsRealis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AtkinsRealis' outside directors are responsible for providing unbiased perspectives on the board's policies.

Louis Vronneau	Chief Officer	Profile
James Cullens	Chief Officer	Profile
Stephanie Smith	Senior Business	Profile
Philip Hoare	Chief Officer	Profile
Jeffrey Bell	Chief Officer	Profile
Stephen Morriss	Latin States	Profile

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