Aterian Correlations

ATER Stock

USD 0.65 0.03 4.84%

The current 90-days correlation between Aterian and Fly E Group Common is 0.08 (i.e., Significant 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

Good diversification

The correlation between Aterian and DJI is -0.14 (i.e., 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 services.

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

Moving against Aterian Stock

0.49	OBYCF	Obayashi Earnings Call Tomorrow	Pair Corr
0.47	NFG	National Fuel Gas	Pair Corr
0.43	FCAP	First Capital Downward Rally	Pair Corr
0.4	RCKY	Rocky Brands	Pair Corr
0.36	ENS	Enersys Earnings Call This Week	Pair Corr
0.35	YLLXF	Yellow Cake plc	Pair Corr
0.33	AROC	Archrock Symbol Change	Pair Corr
0.33	APETF	Alpha Esports Tech	Pair Corr
0.32	BNKHF	BOC Hong Kong	Pair Corr
0.31	AMPH	Amphastar P	Pair Corr

Related Correlations Analysis

	FLYE	YJ	FGI	DSS	WKHS	SOND	BTBD	REBN	UCAR	CENN
FLYE		-0.21	0.32	-0.12	0.03	-0.21	0.33	0.14	-0.1	0.22	FLYE
YJ	-0.21		-0.14	0.52	0.53	0.7	0.35	-0.02	0.69	0.4	YJ
FGI	0.32	-0.14		-0.1	-0.19	-0.55	-0.02	0.22	-0.27	0.17	FGI
DSS	-0.12	0.52	-0.1		0.27	0.47	0.39	0.3	0.44	0.37	DSS
WKHS	0.03	0.53	-0.19	0.27		0.65	0.54	0.13	0.81	0.6	WKHS
SOND	-0.21	0.7	-0.55	0.47	0.65		0.58	-0.05	0.83	0.53	SOND
BTBD	0.33	0.35	-0.02	0.39	0.54	0.58		0.25	0.66	0.8	BTBD
REBN	0.14	-0.02	0.22	0.3	0.13	-0.05	0.25		-0.06	0.27	REBN
UCAR	-0.1	0.69	-0.27	0.44	0.81	0.83	0.66	-0.06		0.61	UCAR
CENN	0.22	0.4	0.17	0.37	0.6	0.53	0.8	0.27	0.61		CENN
	FLYE	YJ	FGI	DSS	WKHS	SOND	BTBD	REBN	UCAR	CENN

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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

UCAR	+ 0.83	SOND
UCAR	+ 0.81	WKHS
CENN	+ 0.8	BTBD
SOND	+ 0.7	YJ
UCAR	+ 0.69	YJ
UCAR	+ 0.66	BTBD

High negative correlations

SOND	- 0.55	FGI
UCAR	- 0.27	FGI
SOND	- 0.21	FLYE
YJ	- 0.21	FLYE
WKHS	- 0.19	FGI
FGI	- 0.14	YJ

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
FLYE	11.09	1.32	0.07	(0.16)	10.07	(16.71)	15.36	(19.72)	284.75
YJ	3.08	(0.27)	0.00	(0.38)	0.00	0.00	6.99	(7.45)	30.41
FGI	5.78	0.23	0.04	0.16	7.64	(6.06)	16.30	(14.12)	50.77
DSS	4.21	(0.19)	0.00	(0.05)	0.00	0.00	12.77	(7.02)	50.17
WKHS	4.88	(1.16)	0.00	(1.95)	0.00	0.00	10.78	(9.36)	56.82
SOND	66.40	24.21	0.85	1.35	24.50	(118.21)	67.74	(61.54)	2,000
BTBD	3.16	(0.69)	0.00	(0.21)	0.00	0.00	6.41	(7.06)	22.95
REBN	4.20	(0.17)	(0.01)	0.01	4.69	(5.17)	11.95	(9.04)	27.14
UCAR	2.60	(0.77)	0.00	(0.43)	0.00	0.00	4.64	(5.71)	19.82
CENN	4.69	(0.57)	0.00	(0.14)	0.00	0.00	13.33	(7.14)	24.81

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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