Atlas Insurance Correlations

ATIL Stock

79.95 1.53 1.95%

The current 90-days correlation between Atlas Insurance and AKD Hospitality is 0.09 (i.e., Significant diversification). The correlation of Atlas Insurance 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.

Atlas Insurance Correlation With Market

Good diversification

The correlation between Atlas Insurance and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Atlas Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atlas Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atlas Insurance to buy it.

Moving against Atlas Stock

0.73	NICL	Nimir Industrial Chemical	Pair Corr
0.62	BAFS	Baba Farid Sugar	Pair Corr
0.51	BECO	Beco Steel Split	Pair Corr
0.49	MLCF	Maple Leaf Cement	Pair Corr
0.46	FNEL	First National Equities	Pair Corr
0.43	REWM	Reliance Weaving Mills	Pair Corr
0.43	FRCL	Frontier Ceramics	Pair Corr
0.38	PPL	Pakistan Petroleum	Pair Corr
0.37	KAPCO	KOT Addu Power	Pair Corr
0.62	NEXT	Next Capital	Pair Corr
0.56	KML	Kohinoor Mills	Pair Corr
0.53	FANM	First Al Noor	Pair Corr
0.39	SINDM	Sindh Modaraba Management	Pair Corr
0.39	FCIBL	First Credit And	Pair Corr

Related Correlations Analysis

	AKDHL	EPCL	UNIC	PAKRI	AKGL	UVIC	MUREB	PIL
AKDHL		0.03	0.14	0.57	0.1	-0.02	0.11	0.59	AKDHL
EPCL	0.03		-0.44	0.29	0.21	-0.06	-0.08	0.22	EPCL
UNIC	0.14	-0.44		-0.24	-0.32	0.24	-0.09	0.08	UNIC
PAKRI	0.57	0.29	-0.24		0.2	0.0	0.26	0.45	PAKRI
AKGL	0.1	0.21	-0.32	0.2		-0.35	0.04	-0.1	AKGL
UVIC	-0.02	-0.06	0.24	0.0	-0.35		0.17	0.03	UVIC
MUREB	0.11	-0.08	-0.09	0.26	0.04	0.17		-0.06	MUREB
PIL	0.59	0.22	0.08	0.45	-0.1	0.03	-0.06		PIL
	AKDHL	EPCL	UNIC	PAKRI	AKGL	UVIC	MUREB	PIL

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

PIL	+ 0.59	AKDHL
PAKRI	+ 0.57	AKDHL
PIL	+ 0.45	PAKRI
PAKRI	+ 0.29	EPCL
MUREB	+ 0.26	PAKRI
UVIC	+ 0.24	UNIC

High negative correlations

UNIC	- 0.44	EPCL
UVIC	- 0.35	AKGL
AKGL	- 0.32	UNIC
PAKRI	- 0.24	UNIC
PIL	- 0.1	AKGL
MUREB	- 0.09	UNIC

Risk-Adjusted Indicators

There is a big difference between Atlas Stock performing well and Atlas Insurance 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 Atlas Insurance'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
AKDHL	1.22	0.00	(0.06)	0.11	1.31	(2.37)	3.26	(2.90)	10.77
EPCL	1.70	0.15	0.03	(1.06)	1.70	(2.15)	4.40	(3.23)	14.10
UNIC	1.10	(0.13)	0.00	1.69	0.00	0.00	1.98	(2.53)	9.08
PAKRI	2.39	0.66	0.23	(0.99)	1.75	(2.99)	9.98	(3.98)	20.03
AKGL	2.05	0.12	0.02	0.22	2.68	(5.83)	8.64	(6.87)	19.91
UVIC	3.04	0.12	(0.01)	(0.03)	3.58	(3.90)	9.78	(7.82)	19.58
MUREB	1.05	0.04	(0.01)	0.21	1.21	(1.10)	2.61	(1.87)	9.68
PIL	2.79	0.02	(0.03)	(0.69)	2.63	(4.22)	7.32	(4.59)	22.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atlas Insurance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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