AtkinsRealis Correlations

Stocks . Canada . 
Stock . AtkinsRealis Group
ATRL Stock   90.45  0.36  0.40%   
The current 90-days correlation between AtkinsRealis Group and Stantec is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AtkinsRealis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AtkinsRealis Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AtkinsRealis Correlation With Market

Modest diversification

The correlation between AtkinsRealis Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AtkinsRealis Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AtkinsRealis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AtkinsRealis 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 AtkinsRealis - 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 AtkinsRealis Group to buy it.

Moving together with AtkinsRealis Stock

  0.88WSP WSP GlobalPairCorr
  0.8STN StantecPairCorr
  0.8BDT Bird ConstructionPairCorr
  0.83AEP Atlas Engineered ProductsPairCorr
  0.8HD HOME DEPOT CDRPairCorr
  0.81UNH UnitedHealth Group CDRPairCorr
  0.76BB BlackBerryPairCorr

Moving against AtkinsRealis Stock

  0.76UPS UPS CDRPairCorr
  0.65BDGI Badger InfrastructurePairCorr
  0.62DRT DIRTT EnvironmentalPairCorr
  0.54WMT Walmart Inc CDRPairCorr
  0.48BRK Berkshire Hathaway CDRPairCorr
  0.48BRK Berkshire Hathaway CDRPairCorr
  0.41ARE Aecon GroupPairCorr
  0.84TRP-PB TC Energy CorpPairCorr
  0.77SCR Strathcona ResourcesPairCorr
  0.75EQX Equinox Gold CorpPairCorr
  0.64HMM-A Hammond ManufacturingPairCorr
  0.64CG Centerra GoldPairCorr
  0.53SPC SPC Nickel CorpPairCorr
  0.43RBY Rubellite EnergyPairCorr
  0.33IQ AirIQ IncPairCorr
  0.32SBUX Starbucks CDRPairCorr
  0.82PRM Big Pharma SplitPairCorr
  0.8DHT-UN DRI Healthcare TrustPairCorr
  0.74LIS Lithium South DevelopmentPairCorr
  0.73TD-PFJ Toronto Dominion BankPairCorr

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

BBD-A
+ 0.78
BBD-B
TFII
+ 0.66
CAE
BDT
+ 0.61
STN
BBD-PB
+ 0.6
BBD-B
BDT
+ 0.59
CAE
BBD-PB
+ 0.57
BBD-A
  

High negative correlations

BBD-A
- 0.89
STN
BBD-B
- 0.79
STN
BBD-PB
- 0.7
STN
BDT
- 0.6
BBD-B
BDT
- 0.56
BBD-A
BDT
- 0.53
BBD-PB

Risk-Adjusted Indicators

There is a big difference between AtkinsRealis Stock performing well and AtkinsRealis 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 AtkinsRealis' 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 AtkinsRealis 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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AtkinsRealis Corporate Management

Elected by the shareholders, the AtkinsRealis' board of directors comprises two types of representatives: AtkinsRealis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AtkinsRealis. The board's role is to monitor AtkinsRealis' management team and ensure that shareholders' interests are well served. AtkinsRealis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AtkinsRealis' outside directors are responsible for providing unbiased perspectives on the board's policies.
Louis VronneauChief OfficerProfile
James CullensChief OfficerProfile
Stephanie SmithSenior BusinessProfile
Philip HoareChief OfficerProfile
Jeffrey BellChief OfficerProfile
Stephen MorrissLatin StatesProfile
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