ATS P Correlations
| ATS Stock | 44.93 0.39 0.88% |
The current 90-days correlation between ATS P and Secure Energy Services is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ATS P moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATS P moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ATS P Correlation With Market
Very poor diversification
The correlation between ATS P and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATS P and DJI in the same portfolio, assuming nothing else is changed.
ATS |
The ability to find closely correlated positions to ATS P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATS P 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 ATS P - 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 ATS P to buy it.
Moving together with ATS Stock
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| 0.7 | TMG | Thermal Energy Inter | PairCorr |
| 0.66 | WPRT | Westport Fuel Systems | PairCorr |
| 0.69 | PSLV | Sprott Physical Silver | PairCorr |
| 0.61 | TRU | Trius Investments | PairCorr |
| 0.61 | RKR | ROKMASTER Resources Corp | PairCorr |
| 0.66 | BTE | Baytex Energy Corp | PairCorr |
| 0.7 | BTO | B2Gold Corp | PairCorr |
| 0.62 | TUF | Honey Badger Silver | PairCorr |
| 0.69 | BCE | BCE Inc | PairCorr |
| 0.82 | PDV | Prime Dividend Corp | PairCorr |
| 0.62 | ETG | Entree Resources | PairCorr |
| 0.66 | SBI | Serabi Gold PLC | PairCorr |
| 0.85 | CWEB | Charlottes Web Holdings | PairCorr |
| 0.72 | PWF-PA | Power Financial Corp | PairCorr |
| 0.65 | AIM | Aimia Inc | PairCorr |
| 0.63 | COLA | Coca Cola | PairCorr |
| 0.68 | VCI | Vitreous Glass | PairCorr |
| 0.79 | FTT | Finning International | PairCorr |
| 0.69 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.91 | BPF-UN | Boston Pizza Royalties | PairCorr |
| 0.7 | QNC | Quantum eMotion Corp | PairCorr |
Moving against ATS Stock
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 ATS Stock performing well and ATS P 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 ATS P'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SES | 1.24 | 0.19 | 0.07 | (1.91) | 1.44 | 2.85 | 6.67 | |||
| EIF | 1.05 | 0.43 | 0.33 | 1.75 | 0.57 | 3.06 | 5.90 | |||
| MDA | 2.61 | 0.98 | 0.35 | (27.99) | 2.00 | 6.46 | 20.58 | |||
| BBU-UN | 1.76 | 0.12 | 0.05 | 0.21 | 1.98 | 4.59 | 11.28 | |||
| BLDP | 2.03 | (0.59) | 0.00 | (0.35) | 0.00 | 3.72 | 13.91 | |||
| SIS | 1.12 | 0.20 | 0.15 | 0.40 | 0.91 | 2.42 | 7.96 | |||
| RUS | 0.92 | 0.27 | 0.12 | 0.58 | 1.66 | 2.15 | 12.23 | |||
| HPS-A | 2.06 | 0.46 | 0.19 | 0.56 | 1.99 | 4.73 | 11.92 | |||
| BDGI | 1.43 | 0.04 | (0.01) | 0.38 | 1.95 | 3.01 | 9.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ATS P 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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ATS P Corporate Management
Elected by the shareholders, the ATS P's board of directors comprises two types of representatives: ATS P inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ATS. The board's role is to monitor ATS P's management team and ensure that shareholders' interests are well served. ATS P'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, ATS P's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Giuseppe Tassone | Vice Acquisitions | Profile | |
| Arjun CFA | Investor Associate | Profile | |
| Steve Emery | Vice Procurement | Profile | |
| Jeffrey Adamson | Chief Officer | Profile | |
| Andrew Hider | Chief Officer | Profile | |
| Angella Alexander | Chief Officer | Profile |