ATCO Correlations
| ACLTFDelisted Stock | USD 48.40 0.00 0.00% |
The current 90-days correlation between ATCO and Canadian Utilities Limited is -0.02 (i.e., Good diversification). The correlation of ATCO 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.
ATCO Correlation With Market
Very poor diversification
The correlation between ATCO and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATCO and DJI in the same portfolio, assuming nothing else is changed.
ATCO |
The ability to find closely correlated positions to ATCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATCO 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 ATCO - 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 ATCO to buy it.
Moving together with ATCO Pink Sheet
| 0.85 | IBDSF | Iberdrola SA | PairCorr |
| 0.68 | ESOCF | Enel SpA Downward Rally | PairCorr |
| 0.8 | ENLAY | ENEL Societa per | PairCorr |
| 0.87 | ENGQF | Engie SA | PairCorr |
| 0.73 | GNTX | Gentex | PairCorr |
| 0.64 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.75 | EC | Ecopetrol SA ADR | PairCorr |
| 0.88 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.75 | WF | Woori Financial Group | PairCorr |
| 0.82 | GROY | Gold Royalty Corp | PairCorr |
| 0.92 | UNF | Unifirst | PairCorr |
| 0.7 | SSRM | SSR Mining | PairCorr |
| 0.95 | TTC | Toro | PairCorr |
| 0.97 | ATI | Allegheny Technologies | PairCorr |
| 0.94 | RKLIF | Rentokil Initial plc | PairCorr |
| 0.91 | CMI | Cummins | PairCorr |
| 0.92 | HLTOF | Hellenic Telecommunicatio | PairCorr |
| 0.92 | GS | Goldman Sachs Group | PairCorr |
| 0.68 | JEF | Jefferies Financial | PairCorr |
| 0.92 | SCBFY | Standard Chartered PLC | PairCorr |
| 0.62 | RIG | Transocean Aggressive Push | PairCorr |
| 0.91 | TFII | TFI International Earnings Call This Week | PairCorr |
| 0.8 | UEC | Uranium Energy Corp | PairCorr |
| 0.95 | NFYEF | NFI Group | PairCorr |
Moving against ATCO Pink Sheet
| 0.73 | VFSWW | VinFast Auto | PairCorr |
| 0.7 | SRE | Sempra Energy | PairCorr |
| 0.42 | NSTM | Hollywood Media | PairCorr |
| 0.86 | FATBB | FAT Brands | PairCorr |
| 0.78 | LPTV | Loop Media | PairCorr |
| 0.75 | NOKPF | Nok Airlines Public | PairCorr |
| 0.74 | FHLD | Freedom Holdings | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ATCO Pink Sheet performing well and ATCO 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 ATCO'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDUTF | 0.05 | 0.01 | 0.00 | (0.22) | 0.00 | 0.00 | 1.62 | |||
| CUTLF | 0.42 | 0.22 | 0.00 | (1.63) | 0.00 | 0.00 | 12.69 | |||
| CDUAF | 0.79 | 0.26 | 0.14 | (0.79) | 0.79 | 1.60 | 6.86 | |||
| CNUTF | 0.31 | 0.10 | 0.00 | (0.67) | 0.00 | 1.35 | 4.12 | |||
| COENF | 0.31 | 0.07 | 0.00 | (0.95) | 0.00 | 0.36 | 14.61 | |||
| IRDEF | 20.97 | 11.68 | 0.00 | 5.04 | 0.00 | 48.80 | 66.61 | |||
| IRDEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TEPCF | 0.12 | 0.06 | 0.00 | (0.80) | 0.00 | 0.00 | 4.03 | |||
| CNAUF | 0.21 | 0.04 | 0.00 | (0.77) | 0.00 | 1.58 | 3.23 | |||
| KYSEF | 0.95 | 0.10 | 0.00 | 0.20 | 0.00 | 3.30 | 29.28 |
ATCO Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ATCO pink sheet to make a market-neutral strategy. Peer analysis of ATCO could also be used in its relative valuation, which is a method of valuing ATCO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ATCO Corporate Management
| Jim Landon | Pres Frontec | Profile | |
| Sarah Shortreed | Ex CTO | Profile | |
| Adam Beattie | Pres Ltd | Profile | |
| Kurt Kadatz | Sr Communications | Profile | |
| Robert Myles | Exec Devel | Profile |
Still Interested in ATCO?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.