Correlation Between Atento SA and System1
Can any of the company-specific risk be diversified away by investing in both Atento SA and System1 at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Atento SA and System1 into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Atento SA and System1, you can compare the effects of market volatilities on Atento SA and System1 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Atento SA with a short position of System1. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atento SA and System1.
Diversification Opportunities for Atento SA and System1
Pay attention - limited upside
The 3 months correlation between Atento and System1 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Atento SA and System1 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on System1 and Atento SA is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Atento SA are associated (or correlated) with System1. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of System1 has no effect on the direction of Atento SA i.e., Atento SA and System1 go up and down completely randomly.
Pair Corralation between Atento SA and System1
If you would invest 357.00 in System1 on June 3, 2025 and sell it today you would earn a total of 355.00 from holding System1 or generate 99.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Atento SA vs. System1
Performance |
| Timeline |
| Atento SA |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| System1 |
Atento SA and System1 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Atento SA and System1
The main advantage of trading using opposite Atento SA and System1 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atento SA position performs unexpectedly, System1 can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in System1 will offset losses from the drop in System1's long position.| Atento SA vs. SMX Public Limited | Atento SA vs. System1 | Atento SA vs. Lichen China Limited | Atento SA vs. Eastman Kodak Co |
| System1 vs. Lichen China Limited | System1 vs. Unifirst | System1 vs. First Advantage Corp | System1 vs. Inspirato |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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