Anterix Correlations

ATEX Stock

USD 34.44 2.55 8.00%

The current 90-days correlation between Anterix and Ooma Inc is -0.02 (i.e., Good diversification). The correlation of Anterix 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.

Anterix Correlation With Market

Poor diversification

The correlation between Anterix and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anterix and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Anterix Stock

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

For more information on how to buy Anterix Stock please use our How to Invest in Anterix guide.

Moving together with Anterix Stock

0.85	AD	Array Digital Infras Symbol Change	Pair Corr
0.8	PHI	PLDT Inc ADR	Pair Corr
0.9	SKM	SK Telecom	Pair Corr
0.88	TDS	Telephone and Data	Pair Corr
0.88	TKC	Turkcell Iletisim	Pair Corr
0.92	VOD	Vodafone Group PLC	Pair Corr
0.91	VOD	Vodafone Group PLC	Pair Corr
0.69	GLIBA	GCI Liberty Symbol Change	Pair Corr
0.71	ASTS	Ast Spacemobile	Pair Corr
0.71	SHEN	Shenandoah Telecommunicatio Earnings Call This Week	Pair Corr
0.89	TIGO	Millicom International	Pair Corr
0.66	TIMB	TIM Participacoes	Pair Corr
0.89	SYY	Sysco	Pair Corr
0.74	MPLX	MPLX LP	Pair Corr
0.69	CHEF	Chefs Warehouse Earnings Call Tomorrow	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr
0.92	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.71	NNBR	NN Inc	Pair Corr
0.85	AQNB	Algonquin Power Utilities	Pair Corr
0.81	EPR	EPR Properties	Pair Corr
0.69	JNHMF	Jack Nathan Medical Earnings Call Today	Pair Corr

Moving against Anterix Stock

0.83	SURG	Surgepays	Pair Corr
0.75	GOGO	Gogo Inc	Pair Corr
0.59	OPTU	Optimum Communications Earnings Call Tomorrow	Pair Corr
0.57	GBHPF	Global Hemp Group	Pair Corr
0.41	GTEH	Gentech Holdings	Pair Corr

Related Correlations Analysis

	OOMA	WOW	IHRT	ZH	TTGT	GLTK	THRY	AENT	AMCX	GTN
OOMA		0.38	-0.2	0.01	0.47	-0.3	-0.22	0.24	-0.17	-0.2	OOMA
WOW	0.38		-0.72	0.0	0.08	-0.37	-0.87	-0.21	-0.68	-0.44	WOW
IHRT	-0.2	-0.72		-0.16	0.22	0.19	0.79	0.35	0.75	0.8	IHRT
ZH	0.01	0.0	-0.16		-0.41	0.06	0.02	-0.37	-0.59	-0.32	ZH
TTGT	0.47	0.08	0.22	-0.41		-0.19	0.15	0.51	0.31	0.17	TTGT
GLTK	-0.3	-0.37	0.19	0.06	-0.19		0.39	0.12	0.2	0.06	GLTK
THRY	-0.22	-0.87	0.79	0.02	0.15	0.39		0.35	0.72	0.51	THRY
AENT	0.24	-0.21	0.35	-0.37	0.51	0.12	0.35		0.5	0.1	AENT
AMCX	-0.17	-0.68	0.75	-0.59	0.31	0.2	0.72	0.5		0.67	AMCX
GTN	-0.2	-0.44	0.8	-0.32	0.17	0.06	0.51	0.1	0.67		GTN
	OOMA	WOW	IHRT	ZH	TTGT	GLTK	THRY	AENT	AMCX	GTN

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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

GTN	+ 0.8	IHRT
THRY	+ 0.79	IHRT
AMCX	+ 0.75	IHRT
AMCX	+ 0.72	THRY
GTN	+ 0.67	AMCX
AENT	+ 0.51	TTGT

High negative correlations

THRY	- 0.87	WOW
IHRT	- 0.72	WOW
AMCX	- 0.68	WOW
AMCX	- 0.59	ZH
GTN	- 0.44	WOW
TTGT	- 0.41	ZH

Risk-Adjusted Indicators

There is a big difference between Anterix Stock performing well and Anterix 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 Anterix'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
OOMA	2.13	(0.04)	(0.01)	0.02	3.46	(2.16)	4.30	(3.98)	22.40
WOW	13.88	6.36	13.31	0.57	0.00	(18.38)	0.92	(0.49)	466.57
IHRT	2.84	(0.44)	0.00	(0.22)	0.00	0.00	7.49	(5.90)	20.27
ZH	2.32	(0.26)	0.00	(0.47)	0.00	0.00	3.62	(4.88)	22.47
TTGT	2.00	(0.11)	0.00	(0.02)	0.00	0.00	4.71	(5.04)	14.79
GLTK	1.02	(0.26)	0.00	(3.40)	0.00	0.00	0.50	(1.49)	16.71
THRY	2.73	(0.90)	0.00	(0.45)	0.00	0.00	4.32	(6.70)	14.37
AENT	3.34	(0.28)	0.00	(0.18)	0.00	0.00	9.79	(7.13)	22.67
AMCX	1.93	(0.13)	0.00	(0.12)	0.00	0.00	4.07	(3.58)	12.03
GTN	2.40	(0.14)	0.00	(0.04)	0.00	0.00	5.21	(4.31)	13.88

Anterix Corporate Management

Richard Creegan	Vice Sales	Profile
Wassim Akhdar	Senior Innovation	Profile
Heather Martin	Chief Staff	Profile
Carlos LAbbate	Chief Officer	Profile
Gretchen Starcher	Chief Officer	Profile
Christopher GuttmanMcCabe	Chief Officer	Profile

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