Atlas Copco Correlations
| ATLPF Stock | USD 22.06 1.00 4.75% |
The current 90-days correlation between Atlas Copco AB and Kone Oyj ADR is 0.29 (i.e., Modest diversification). The correlation of Atlas Copco 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 Copco Correlation With Market
Very poor diversification
The correlation between Atlas Copco AB and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Copco AB and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Atlas Copco 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 Copco 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 Copco - 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 Copco AB to buy it.
Moving together with Atlas Pink Sheet
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| 0.83 | SIEGY | Siemens AG ADR Earnings Call Today | PairCorr |
| 0.84 | SMAWF | Siemens AG Class Earnings Call Today | PairCorr |
| 0.95 | PH | Parker Hannifin | PairCorr |
| 0.64 | SBGSY | Schneider Electric | PairCorr |
| 0.94 | EMR | Emerson Electric | PairCorr |
| 0.94 | CMI | Cummins | PairCorr |
| 0.89 | WMT | Walmart Common Stock Earnings Call This Week | PairCorr |
| 0.89 | SAR | Saratoga Investment Corp | PairCorr |
| 0.62 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.89 | AA | Alcoa Corp | PairCorr |
| 0.83 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.89 | DD | Dupont De Nemours | PairCorr |
| 0.85 | INTC | Intel | PairCorr |
| 0.75 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.87 | MRK | Merck Company Sell-off Trend | PairCorr |
| 0.69 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.82 | CVX | Chevron Corp | PairCorr |
Moving against Atlas Pink Sheet
| 0.6 | HNHPF | Hon Hai Precision | PairCorr |
| 0.45 | JD | JD Inc Adr | PairCorr |
| 0.78 | MSFT | Microsoft | PairCorr |
| 0.33 | IBM | International Business | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Atlas Pink Sheet performing well and Atlas Copco 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 Copco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KNYJY | 0.85 | 0.05 | (0.02) | 0.72 | 1.34 | 1.82 | 7.60 | |||
| IHICY | 2.44 | 0.37 | 0.12 | 0.47 | 2.78 | 6.76 | 16.92 | |||
| HTHIY | 1.56 | 0.06 | 0.05 | 0.13 | 1.85 | 3.85 | 10.77 | |||
| WRTBY | 1.95 | 0.52 | 0.18 | 3.08 | 1.91 | 3.96 | 15.30 | |||
| RCRUY | 2.10 | (0.16) | 0.00 | (0.04) | 0.00 | 4.39 | 19.31 | |||
| BAESY | 1.56 | 0.14 | 0.05 | 0.48 | 1.76 | 3.66 | 8.78 | |||
| VCISF | 1.39 | 0.33 | 0.03 | (0.25) | 2.02 | 4.33 | 16.19 | |||
| BAESF | 1.73 | 0.08 | 0.02 | 0.23 | 1.99 | 3.42 | 11.93 | |||
| VCISY | 1.01 | 0.19 | 0.12 | 0.34 | 1.07 | 2.63 | 7.85 | |||
| FINMY | 1.78 | 0.18 | 0.04 | 16.05 | 2.10 | 4.01 | 10.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Atlas Copco 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.Did you try this?
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Atlas Copco Corporate Management
| Mats Hgberg | Chief VP | Profile | |
| Peter Kinnart | VP CFO | Profile | |
| Cecilia Sandberg | VP Officer | Profile | |
| Sara Liljedal | VP Officer | Profile | |
| Lars Eklof | Pres Systems | Profile | |
| Eva Klasen | VP Officer | Profile | |
| Daniel Althoff | VP Relations | Profile |