Atco Mining Correlations
| ATMGF Stock | USD 0.01 0.0005 3.79% |
The current 90-days correlation between Atco Mining and Copa Holdings SA is -0.05 (i.e., Good diversification). The correlation of Atco Mining 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.
Atco Mining Correlation With Market
Average diversification
The correlation between Atco Mining and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atco Mining and DJI in the same portfolio, assuming nothing else is changed.
Atco |
The ability to find closely correlated positions to Atco Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atco Mining 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 Atco Mining - 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 Atco Mining to buy it.
Moving against Atco Pink Sheet
| 0.47 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.43 | NVDA | NVIDIA | PairCorr |
| 0.42 | HD | Home Depot | PairCorr |
| 0.41 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.35 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.51 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.47 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.41 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.41 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.41 | HPQ | HP Inc | PairCorr |
| 0.4 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.39 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.39 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.36 | WMT | Walmart Aggressive Push | PairCorr |
| 0.33 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.33 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Atco Pink Sheet performing well and Atco Mining 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 Atco Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPA | 1.46 | 0.05 | (0.01) | 0.25 | 2.66 | 3.72 | 17.32 | |||
| UAL | 1.95 | 1.02 | 0.73 | 0.65 | 0.53 | 6.47 | 16.43 | |||
| DAL | 1.71 | 0.50 | 0.40 | 0.44 | 0.91 | 4.11 | 9.95 | |||
| SKYW | 1.39 | 0.40 | 0.38 | 0.34 | 0.82 | 3.80 | 9.51 | |||
| ALGT | 2.66 | 0.77 | 0.31 | 0.52 | 2.25 | 6.22 | 16.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Atco Mining 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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