Atlas Corp Correlations
| ATCO-PH Preferred Stock | USD 25.07 0.10 0.40% |
The current 90-days correlation between Atlas Corp and Costamare is 0.04 (i.e., Significant diversification). The correlation of Atlas Corp 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 Corp Correlation With Market
Significant diversification
The correlation between Atlas Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Corp and DJI in the same portfolio, assuming nothing else is changed.
Atlas |
The ability to find closely correlated positions to Atlas Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Corp 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 Atlas Corp - 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 Atlas Corp to buy it.
Moving together with Atlas Preferred Stock
| 0.89 | OCCIN | OFS Credit | PairCorr |
| 0.82 | OCCIO | OFS Credit | PairCorr |
| 0.73 | GECCO | Great Elm Capital | PairCorr |
| 0.91 | ATCO-PD | Atlas Corp | PairCorr |
| 0.61 | PFG | Principal Financial | PairCorr |
| 0.87 | APO-PA | Apollo Global Management | PairCorr |
| 0.68 | GAINN | Gladstone Investment | PairCorr |
| 0.62 | ECF-PA | Ellsworth Growth | PairCorr |
| 0.7 | C | Citigroup Aggressive Push | PairCorr |
| 0.73 | V | Visa Class A | PairCorr |
| 0.78 | DIST | Distoken Acquisition | PairCorr |
| 0.74 | AB | AllianceBernstein | PairCorr |
| 0.77 | AC | Associated Capital | PairCorr |
| 0.91 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.85 | BN | Brookfield Corp | PairCorr |
| 0.86 | BX | Blackstone Group Normal Trading | PairCorr |
Moving against Atlas Preferred Stock
| 0.58 | JPPYY | Jupai Holdings | PairCorr |
| 0.31 | BCGWW | Binah Capital Group, | PairCorr |
| 0.79 | SVVC | Firsthand Technology | PairCorr |
| 0.46 | CNVT | CVF Technologies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Atlas Preferred Stock performing well and Atlas Corp 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 Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMRE-PC | 0.49 | 0.02 | (0.14) | 2.49 | 0.62 | 1.30 | 4.54 | |||
| CMRE-PD | 0.42 | 0.03 | (0.18) | (0.02) | 0.56 | 0.80 | 3.00 | |||
| 444859BR2 | 1.31 | (0.16) | 0.00 | (0.06) | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.10) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.48 | (0.04) | (0.13) | 0.06 | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.17 | 0.02 | (0.25) | (0.03) | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.01 | (0.41) | 0.46 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.37) | 0.00 | (25.57) | 0.00 | 0.00 | 23.47 |
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Atlas Corp Corporate Management
| Andrew LLB | Gen Sec | Profile | |
| Gabrielle Smith | Director HR | Profile | |
| Will Kostlivy | Investor Officer | Profile | |
| Krista Yeung | VP Tax | Profile | |
| Sarah Pybus | Associate Officer | Profile | |
| Graham Talbot | Chief Officer | Profile | |
| Torsten Pedersen | Chief Officer | Profile |