Aterian Correlations

ATER Stock

USD 0.56 0.01 1.82%

The current 90-days correlation between Aterian and GrowGeneration Corp is -0.24 (i.e., Very good diversification). The correlation of Aterian 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aterian Correlation With Market

Very good diversification

The correlation between Aterian and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aterian and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aterian Stock

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

To learn how to invest in Aterian Stock, please use our How to Invest in Aterian guide.

Moving together with Aterian Stock

0.61	HELE	Helen of Troy	Pair Corr
0.69	NEPH	Nephros Earnings Call Tomorrow	Pair Corr
0.71	PRPL	Purple Innovation Earnings Call Next Week	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr

Moving against Aterian Stock

0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.61	BKRKY	Bank Rakyat	Pair Corr
0.51	BRG	Breville Group	Pair Corr
0.44	HBB	Hamilton Beach Brands Earnings Call This Week	Pair Corr
0.37	SN	SharkNinja	Pair Corr
0.34	FEBO	Fenbo Holdings	Pair Corr
0.68	ACNE	Alice Consolidated Mines	Pair Corr
0.68	OTSKY	Otsuka Holdings	Pair Corr
0.67	RHHVF	Roche Holding AG	Pair Corr
0.64	SBKO	Summit Bank Group	Pair Corr
0.64	LUCRF	Lucara Diamond Corp	Pair Corr
0.6	TWMIF	Tidewater Midstream and Earnings Call Tomorrow	Pair Corr
0.58	BNL	Broadstone Net Lease	Pair Corr
0.57	CING	Cingulate	Pair Corr
0.57	USAS	Americas Silver Corp	Pair Corr
0.56	LB	LandBridge Company	Pair Corr
0.55	MSGE	Madison Square Garden	Pair Corr
0.53	SOJE	Southern Company	Pair Corr
0.5	MOS	Mosaic	Pair Corr
0.49	CMI	Cummins	Pair Corr
0.48	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.77	CSX	CSX Corporation Aggressive Push	Pair Corr
0.76	DTEGF	Deutsche Telekom	Pair Corr
0.71	NINTF	Ninety One Group	Pair Corr
0.7	AGLXY	AGL Energy	Pair Corr

Related Correlations Analysis

	RRGB	FLL	HOFT	LCUT	THCH	GRWG	QVCGA
RRGB		0.35	-0.47	0.25	0.51	0.34	0.15	RRGB
FLL	0.35		-0.87	0.68	0.67	0.88	0.67	FLL
HOFT	-0.47	-0.87		-0.76	-0.84	-0.81	-0.63	HOFT
LCUT	0.25	0.68	-0.76		0.75	0.58	0.51	LCUT
THCH	0.51	0.67	-0.84	0.75		0.55	0.44	THCH
GRWG	0.34	0.88	-0.81	0.58	0.55		0.71	GRWG
QVCGA	0.15	0.67	-0.63	0.51	0.44	0.71		QVCGA
	RRGB	FLL	HOFT	LCUT	THCH	GRWG	QVCGA

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

GRWG	+ 0.88	FLL
THCH	+ 0.75	LCUT
QVCGA	+ 0.71	GRWG
LCUT	+ 0.68	FLL
THCH	+ 0.67	FLL
QVCGA	+ 0.67	FLL

High negative correlations

HOFT	- 0.87	FLL
THCH	- 0.84	HOFT
GRWG	- 0.81	HOFT
LCUT	- 0.76	HOFT
QVCGA	- 0.63	HOFT
HOFT	- 0.47	RRGB

Risk-Adjusted Indicators

There is a big difference between Aterian Stock performing well and Aterian 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 Aterian'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
RRGB	2.91	0.14	0.05	0.11	3.24	(3.32)	5.38	(4.74)	41.41
FLL	2.42	(0.17)	0.00	0.49	0.00	0.00	4.80	(4.32)	14.43
HOFT	2.28	0.42	0.12	(0.73)	2.66	(2.55)	6.12	(3.71)	16.13
LCUT	2.28	(0.18)	0.00	(0.13)	0.00	0.00	4.05	(4.80)	14.61
THCH	3.06	(0.22)	0.00	0.99	0.00	0.00	6.86	(7.41)	17.70
GRWG	3.06	(0.38)	0.00	(2.05)	0.00	0.00	4.46	(5.82)	52.12
QVCGA	5.98	(0.66)	0.00	(0.46)	0.00	0.00	8.80	(12.69)	81.12

Aterian Corporate Management

Phillip Lepper	Chief Officer	Profile
Arturo Rodriguez	Chief Officer	Profile
Penelopi KosteasLouca	VP People	Profile
Yaniv Sarig	President, CoFounder	Profile
Fabrice Hamaide	GM Europe	Profile
Gary Troyanowski	Senior Accounting	Profile

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