Atria Oyj Correlations

ATRAV Stock  EUR 11.05  0.15  1.38%   
The current 90-days correlation between Atria Oyj A and Elisa Oyj is -0.15 (i.e., Good diversification). The correlation of Atria Oyj 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.

Atria Oyj Correlation With Market

Significant diversification

The correlation between Atria Oyj A and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atria Oyj A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Atria Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atria Oyj 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 Atria Oyj - 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 Atria Oyj A to buy it.

Moving together with Atria Stock

  0.7KESKOB Kesko OyjPairCorr

Moving against Atria Stock

  0.93ROBIT Robit OyjPairCorr
  0.81CTY1S Citycon OyjPairCorr
  0.78LEADD LeadDesk OyjPairCorr
  0.75EXL1V Exel Composites OyjPairCorr
  0.47GLA1V Glaston Oyj AbpPairCorr
  0.41ADMCM Admicom OyjPairCorr
  0.33AFAGR Afarak Group OyjPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Atria Stock performing well and Atria Oyj 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 Atria Oyj'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atria Oyj 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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Atria Oyj Corporate Management

Elected by the shareholders, the Atria Oyj's board of directors comprises two types of representatives: Atria Oyj inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atria. The board's role is to monitor Atria Oyj's management team and ensure that shareholders' interests are well served. Atria Oyj's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atria Oyj's outside directors are responsible for providing unbiased perspectives on the board's policies.
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