Anterix Correlations

ATEX Stock

USD 22.23 0.40 1.83%

The current 90-days correlation between Anterix and Ooma Inc is -0.04 (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

Average diversification

The correlation between Anterix and DJI is 0.13 (i.e., Average 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 american community survey.

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

Moving against Anterix Stock

0.69	AMX	America Movil SAB	Pair Corr
0.62	TIMB	TIM Participacoes	Pair Corr
0.46	RCI	Rogers Communications	Pair Corr
0.45	CMWCF	Cromwell Property	Pair Corr
0.38	SURG	Surgepays	Pair Corr
0.34	002148	Beijing Bewinner Com	Pair Corr
0.47	BKRKF	PT Bank Rakyat	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.35	CICHF	China Construction Bank	Pair Corr
0.73	NMRD	Nemaura Medical	Pair Corr
0.36	CTOWY	China TowerLimited	Pair Corr

Related Correlations Analysis

	OOMA	WOW	IHRT	ZH	TTGT	GLTK	THRY	AENT	AMCX	GTN
OOMA		0.01	0.23	0.01	0.13	-0.17	-0.06	0.2	0.15	0.3	OOMA
WOW	0.01		0.11	-0.24	-0.06	0.11	-0.14	0.32	0.19	-0.02	WOW
IHRT	0.23	0.11		-0.74	-0.51	0.52	-0.8	0.61	0.66	0.06	IHRT
ZH	0.01	-0.24	-0.74		0.47	-0.69	0.78	-0.61	-0.8	0.19	ZH
TTGT	0.13	-0.06	-0.51	0.47		-0.61	0.77	-0.23	-0.19	0.38	TTGT
GLTK	-0.17	0.11	0.52	-0.69	-0.61		-0.62	0.11	0.26	-0.61	GLTK
THRY	-0.06	-0.14	-0.8	0.78	0.77	-0.62		-0.57	-0.63	0.17	THRY
AENT	0.2	0.32	0.61	-0.61	-0.23	0.11	-0.57		0.83	0.3	AENT
AMCX	0.15	0.19	0.66	-0.8	-0.19	0.26	-0.63	0.83		0.35	AMCX
GTN	0.3	-0.02	0.06	0.19	0.38	-0.61	0.17	0.3	0.35		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

AMCX	+ 0.83	AENT
THRY	+ 0.78	ZH
THRY	+ 0.77	TTGT
AMCX	+ 0.66	IHRT
AENT	+ 0.61	IHRT
GLTK	+ 0.52	IHRT

High negative correlations

AMCX	- 0.8	ZH
THRY	- 0.8	IHRT
ZH	- 0.74	IHRT
GLTK	- 0.69	ZH
AMCX	- 0.63	THRY
THRY	- 0.62	GLTK

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	2.06	(0.14)	0.00	(0.05)	0.00	0.00	5.61	(3.71)	22.40
WOW	13.88	7.59	19.31	(0.72)	0.00	(20.53)	0.77	(0.39)	1.36
IHRT	4.19	0.67	0.18	0.53	3.59	(5.86)	12.38	(5.91)	44.17
ZH	1.85	(0.66)	0.00	(0.79)	0.00	0.00	2.59	(4.88)	10.81
TTGT	2.65	(0.27)	0.00	(0.05)	0.00	0.00	5.77	(5.80)	15.02
GLTK	1.04	0.27	0.00	18.78	0.00	0.00	2.56	(0.51)	24.62
THRY	3.01	(1.13)	0.00	(0.45)	0.00	0.00	4.32	(6.28)	36.13
AENT	3.31	0.30	0.07	0.54	3.45	(3.87)	9.06	(5.32)	25.74
AMCX	1.96	0.13	0.06	0.17	2.08	(2.36)	4.07	(3.58)	11.16
GTN	2.42	(0.33)	0.00	(0.12)	0.00	0.00	4.86	(4.83)	11.80

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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