ATRYS HEALTH Correlations

A2T Stock

EUR 3.32 0.02 0.60%

The current 90-days correlation between ATRYS HEALTH SA and Cairo Communication SpA is 0.13 (i.e., Average diversification). The correlation of ATRYS HEALTH is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ATRYS HEALTH Correlation With Market

Good diversification

The correlation between ATRYS HEALTH SA and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATRYS HEALTH SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ATRYS HEALTH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATRYS HEALTH 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 ATRYS HEALTH - 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 ATRYS HEALTH SA to buy it.

Moving together with ATRYS Stock

0.61	1FW1	WUXI BIOLOGICS UNSPADR2	Pair Corr
0.62	DBPE	Xtrackers LevDAX	Pair Corr

Moving against ATRYS Stock

0.87	NOVA	Novo Nordisk AS Earnings Call This Week	Pair Corr
0.62	VX1	Vertex Pharmaceuticals Earnings Call Today	Pair Corr
0.59	DBPD	Xtrackers ShortDAX	Pair Corr
0.57	CSJ	CSL Limited	Pair Corr
0.55	BYRA	BANK RAKYAT IND Earnings Call Today	Pair Corr
0.54	CSJA	CSL LTD SPONADR	Pair Corr
0.51	BYRA	BANK RAKYAT IND Earnings Call Today	Pair Corr
0.47	PQ9	BANK MANDIRI	Pair Corr
0.46	BYRA	PT Bank Rakyat Earnings Call Today	Pair Corr
0.42	PQ9	PT Bank Mandiri	Pair Corr
0.4	PQ9	BANK MANDIRI	Pair Corr

Related Correlations Analysis

	GRU	WS11	CI1A	1ZO	BOQ	BW8	SIT4
GRU		0.04	0.55	-0.22	0.0	0.6	0.16	GRU
WS11	0.04		0.06	0.23	0.0	-0.08	0.21	WS11
CI1A	0.55	0.06		-0.7	0.0	0.57	0.49	CI1A
1ZO	-0.22	0.23	-0.7		0.0	-0.29	-0.31	1ZO
BOQ	0.0	0.0	0.0	0.0		0.0	0.0	BOQ
BW8	0.6	-0.08	0.57	-0.29	0.0		0.08	BW8
SIT4	0.16	0.21	0.49	-0.31	0.0	0.08		SIT4
	GRU	WS11	CI1A	1ZO	BOQ	BW8	SIT4

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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

BW8	+ 0.6	GRU
BW8	+ 0.57	CI1A
CI1A	+ 0.55	GRU
SIT4	+ 0.49	CI1A
1ZO	+ 0.23	WS11
SIT4	+ 0.21	WS11

High negative correlations

1ZO	- 0.7	CI1A
SIT4	- 0.31	1ZO
BW8	- 0.29	1ZO
1ZO	- 0.22	GRU
BW8	- 0.08	WS11
SIT4	- 0.0	BOQ

Risk-Adjusted Indicators

There is a big difference between ATRYS Stock performing well and ATRYS HEALTH 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 ATRYS HEALTH'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
GRU	2.02	0.12	0.03	0.37	2.18	(2.53)	5.00	(4.27)	14.37
WS11	2.23	(0.01)	0.00	0.06	3.13	(2.92)	6.25	(3.87)	20.34
CI1A	1.64	0.23	0.05	(0.35)	2.01	(1.89)	3.93	(3.63)	13.49
1ZO	1.93	(0.29)	0.00	(0.19)	0.00	0.00	4.11	(5.16)	15.22
BOQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BW8	1.36	0.03	(0.01)	1.06	2.13	(1.92)	3.00	(4.63)	14.41
SIT4	1.20	0.12	0.02	(0.90)	1.46	(1.36)	2.37	(2.26)	9.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in ATRYS HEALTH 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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