Atlas Energy Correlations

AESI Stock

23.59 2.08 9.67%

The current 90-days correlation between Atlas Energy Solutions and Nextier Oilfield Solutions is 0.09 (i.e., Significant diversification). The correlation of Atlas Energy 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.

Atlas Energy Correlation With Market

Very weak diversification

The correlation between Atlas Energy Solutions and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Energy Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Atlas Stock

0.49	ENSV	Enservco	Pair Corr
0.54	KEGX	Key Energy Services	Pair Corr

Related Correlations Analysis

	NEX	PUMP	RNGR	SOI	SLCA	FTK	LBRT	KLXE	CCLP
NEX		0.06	0.92	0.45	-0.05	0.9	-0.63	-0.13	-0.1	NEX
PUMP	0.06		0.08	0.21	-0.33	0.14	0.63	0.43	-0.28	PUMP
RNGR	0.92	0.08		0.31	0.07	0.93	-0.54	-0.01	-0.19	RNGR
SOI	0.45	0.21	0.31		-0.59	0.45	-0.3	-0.53	-0.35	SOI
SLCA	-0.05	-0.33	0.07	-0.59		0.0	-0.05	0.42	0.15	SLCA
FTK	0.9	0.14	0.93	0.45	0.0		-0.48	-0.1	-0.31	FTK
LBRT	-0.63	0.63	-0.54	-0.3	-0.05	-0.48		0.59	-0.17	LBRT
KLXE	-0.13	0.43	-0.01	-0.53	0.42	-0.1	0.59		-0.11	KLXE
CCLP	-0.1	-0.28	-0.19	-0.35	0.15	-0.31	-0.17	-0.11		CCLP
	NEX	PUMP	RNGR	SOI	SLCA	FTK	LBRT	KLXE	CCLP

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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

FTK	+ 0.93	RNGR
RNGR	+ 0.92	NEX
FTK	+ 0.9	NEX
LBRT	+ 0.63	PUMP
KLXE	+ 0.59	LBRT
SOI	+ 0.45	NEX

High negative correlations

LBRT	- 0.63	NEX
SLCA	- 0.59	SOI
LBRT	- 0.54	RNGR
KLXE	- 0.53	SOI
LBRT	- 0.48	FTK
CCLP	- 0.35	SOI

Risk-Adjusted Indicators

There is a big difference between Atlas Stock performing well and Atlas 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 Atlas 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
NEX	2.68	0.45	0.13	0.55	2.99	(2.86)	6.33	(4.55)	17.50
PUMP	2.54	(0.14)	0.00	0.04	2.95	(2.72)	5.25	(4.78)	21.85
RNGR	1.41	0.47	0.27	0.72	1.17	(1.63)	3.56	(2.21)	7.27
SOI	2.52	0.43	0.19	0.39	2.11	(3.13)	4.44	(4.19)	43.08
SLCA	0.18	(0.02)	0.00	1.22	0.00	0.00	0.39	(0.52)	1.62
FTK	2.87	0.91	0.33	0.59	2.23	(3.56)	9.10	(4.66)	27.73
LBRT	2.12	(0.23)	0.00	(0.06)	0.00	0.00	4.44	(4.06)	14.45
KLXE	4.03	(0.36)	0.00	(0.03)	0.00	0.00	9.84	(6.95)	27.74
CCLP	2.66	0.00	0.00	0.10	0.00	0.00	8.11	(4.35)	17.49

Atlas Energy Corporate Management

Kirk Ginn	Vice EHC	Profile
Hunter Wallace	Former Officer	Profile
Dathan Voelter	General Secretary	Profile
Kyle Turlington	Vice Relations	Profile
Shaam Farooq	Vice Technology	Profile
Jeffrey Allison	Executive Marketing	Profile
Brian Leveille	Vice Finance	Profile

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