Atlantis Correlations
| ATS Stock | 1.69 0.03 1.74% |
The current 90-days correlation between Atlantis SA and Mercator Medical SA is 0.04 (i.e., Significant diversification). The correlation of Atlantis 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Atlantis Correlation With Market
Excellent diversification
The correlation between Atlantis SA and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlantis SA and DJI in the same portfolio, assuming nothing else is changed.
Atlantis |
The ability to find closely correlated positions to Atlantis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantis 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 Atlantis - 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 Atlantis SA to buy it.
Moving against Atlantis Stock
| 0.73 | ZUK | Zaklady Urzadzen Kot | PairCorr |
| 0.61 | VOW | Volkswagen AG Non | PairCorr |
| 0.6 | UCG | UniCredit SpA | PairCorr |
| 0.57 | SAN | Banco Santander SA | PairCorr |
| 0.54 | PEO | Bank Polska Kasa | PairCorr |
| 0.52 | KGH | KGHM Polska Miedz | PairCorr |
| 0.5 | SPL | Santander Bank Polska | PairCorr |
| 0.5 | MEG | Megaron SA | PairCorr |
| 0.48 | ALI | Altustfi | PairCorr |
| 0.46 | LSI | LSI Software SA | PairCorr |
| 0.43 | ZUE | ZUE SA | PairCorr |
| 0.43 | AMC | Amica SA | PairCorr |
| 0.42 | PCO | Pepco Group BV | PairCorr |
| 0.39 | XTB | X Trade Brokers | PairCorr |
| 0.38 | MIL | Bank Millennium SA Earnings Call This Week | PairCorr |
| 0.37 | NTT | NTT System SA | PairCorr |
| 0.36 | SNT | Synektik SA | PairCorr |
| 0.72 | MLG | MLP Group SA | PairCorr |
| 0.67 | RBW | Rainbow Tours SA | PairCorr |
| 0.67 | LPP | LPP SA | PairCorr |
| 0.65 | INP | Inpro SA | PairCorr |
| 0.59 | ATR | Atrem SA | PairCorr |
| 0.58 | KRU | Kruk SA Earnings Call This Week | PairCorr |
| 0.55 | ULM | ULMA Construccion Polska | PairCorr |
| 0.53 | BNP | BNP Paribas Bank | PairCorr |
| 0.5 | OPL | OrangePL | PairCorr |
| 0.43 | ENT | Enter Air SA | PairCorr |
| 0.41 | DEL | Delko SA | PairCorr |
| 0.38 | KOM | Komputronik SA | 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 Atlantis Stock performing well and Atlantis 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 Atlantis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| K2P | 1.51 | (0.20) | 0.00 | (2.27) | 0.00 | 4.55 | 26.36 | |||
| MDG | 1.73 | (0.05) | (0.02) | 0.01 | 1.97 | 4.70 | 14.01 | |||
| FHB | 1.16 | (0.11) | 0.00 | (0.29) | 0.00 | 2.46 | 11.22 | |||
| ICG | 3.78 | (0.64) | 0.00 | (0.40) | 0.00 | 8.00 | 25.49 | |||
| ADV | 2.92 | (0.07) | 0.00 | (0.84) | 0.00 | 8.06 | 28.44 | |||
| TOW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGS | 2.01 | (0.02) | 0.00 | 0.30 | 0.00 | 7.14 | 30.95 | |||
| MRC | 0.74 | 0.02 | (0.05) | 0.24 | 0.72 | 1.19 | 6.74 |
Atlantis Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atlantis stock to make a market-neutral strategy. Peer analysis of Atlantis could also be used in its relative valuation, which is a method of valuing Atlantis by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |