ATIF Holdings Correlations

ATIF Stock

USD 0.62 0.06 8.82%

The current 90-days correlation between ATIF Holdings and Blockmate Ventures is 0.03 (i.e., Significant diversification). The correlation of ATIF Holdings 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.

ATIF Holdings Correlation With Market

Significant diversification

The correlation between ATIF Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATIF Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in ATIF Stock please use our How to Invest in ATIF Holdings guide.

Moving together with ATIF Stock

0.7

BCO

Brinks Company

Pair Corr

Moving against ATIF Stock

0.75	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.71	AWX	Avalon Holdings	Pair Corr
0.69	VRSK	Verisk Analytics	Pair Corr
0.68	SQ	Block Inc Sell-off Trend	Pair Corr
0.66	WM	Waste Management	Pair Corr
0.66	VSEC	VSE Corporation	Pair Corr
0.65	G	Genpact Limited	Pair Corr
0.64	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.61	EXLS	ExlService Holdings	Pair Corr
0.6	BR	Broadridge Financial	Pair Corr
0.6	DRVN	Driven Brands Holdings	Pair Corr
0.6	EEFT	Euronet Worldwide	Pair Corr
0.53	LZ	LegalZoom	Pair Corr
0.5	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.41	AXR	AMREP	Pair Corr
0.39	BV	BrightView Holdings	Pair Corr
0.76	GFL	Gfl Environmental	Pair Corr
0.73	CBZ	CBIZ Inc	Pair Corr
0.7	GEO	Geo Group	Pair Corr
0.67	CXW	CoreCivic	Pair Corr
0.67	KAR	KAR Auction Services	Pair Corr
0.65	DLX	Deluxe	Pair Corr
0.61	DNB	Dun Bradstreet Holdings	Pair Corr
0.57	BTM	Bitcoin Depot	Pair Corr
0.56	HNI	HNI Corp	Pair Corr
0.54	FOUR	Shift4 Payments	Pair Corr
0.51	FVRR	Fiverr International	Pair Corr
0.44	III	Information Services	Pair Corr

Related Correlations Analysis

	SPNNF	ARCNF	OZFRY	EBML	MATEF	APPCF	AAMTF	BCNWF	AGBAW	ABSOF
SPNNF		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	SPNNF
ARCNF	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	ARCNF
OZFRY	0.0	0.0		-0.51	0.44	0.67	-0.8	0.62	-0.18	0.0	OZFRY
EBML	0.0	0.0	-0.51		-0.63	-0.45	0.4	-0.69	0.49	0.0	EBML
MATEF	0.0	0.0	0.44	-0.63		0.28	-0.37	0.68	-0.46	0.0	MATEF
APPCF	0.0	0.0	0.67	-0.45	0.28		-0.62	0.35	-0.25	0.0	APPCF
AAMTF	0.0	0.0	-0.8	0.4	-0.37	-0.62		-0.41	-0.07	0.0	AAMTF
BCNWF	0.0	0.0	0.62	-0.69	0.68	0.35	-0.41		-0.59	0.0	BCNWF
AGBAW	0.0	0.0	-0.18	0.49	-0.46	-0.25	-0.07	-0.59		0.0	AGBAW
ABSOF	-1.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ABSOF
	SPNNF	ARCNF	OZFRY	EBML	MATEF	APPCF	AAMTF	BCNWF	AGBAW	ABSOF

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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

ABSOF	+ 1.0	ARCNF
BCNWF	+ 0.68	MATEF
APPCF	+ 0.67	OZFRY
BCNWF	+ 0.62	OZFRY
AGBAW	+ 0.49	EBML
MATEF	+ 0.44	OZFRY

High negative correlations

ABSOF	- 1.0	SPNNF
ARCNF	- 1.0	SPNNF
AAMTF	- 0.8	OZFRY
BCNWF	- 0.69	EBML
MATEF	- 0.63	EBML
AAMTF	- 0.62	APPCF

Risk-Adjusted Indicators

There is a big difference between ATIF Stock performing well and ATIF Holdings 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 ATIF Holdings' 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
SPNNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OZFRY	1.99	0.96	0.00	3.27	0.00	0.00	0.00	0.00	66.59
EBML	13.57	1.02	0.03	4.63	15.74	(45.83)	33.33	(40.00)	150.00
MATEF	8.01	3.16	0.00	5.20	0.00	0.00	33.10	(6.38)	118.61
APPCF	0.30	0.14	0.00	(15.55)	0.00	0.00	0.00	0.00	10.00
AAMTF	1.29	(0.18)	0.00	0.47	0.00	0.00	0.00	0.00	37.50
BCNWF	9.64	1.63	0.15	0.48	8.33	(15.17)	33.65	(18.11)	74.19
AGBAW	6.24	0.47	0.01	(0.10)	7.60	(8.15)	12.50	(12.00)	57.14
ABSOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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