ATS Correlations
| ATS Stock | 29.24 0.36 1.22% |
The current 90-days correlation between ATS Corporation and IPG Photonics is 0.13 (i.e., Average diversification). The correlation of ATS 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.
ATS Correlation With Market
Average diversification
The correlation between ATS Corp. and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATS Corp. and DJI in the same portfolio, assuming nothing else is changed.
ATS |
Moving together with ATS Stock
| 0.78 | B | Barnes Group | PairCorr |
| 0.86 | BW | Babcock Wilcox Enter | PairCorr |
| 0.73 | IR | Ingersoll Rand Sell-off Trend | PairCorr |
| 0.65 | CMI | Cummins | PairCorr |
| 0.75 | ETN | Eaton PLC | PairCorr |
| 0.64 | FLS | Flowserve | PairCorr |
| 0.72 | ITT | ITT Inc | PairCorr |
| 0.62 | ITW | Illinois Tool Works | PairCorr |
| 0.69 | MIR | Mirion Technologies | PairCorr |
| 0.77 | NNE | Nano Nuclear Energy Trending | PairCorr |
| 0.71 | PNR | Pentair PLC | PairCorr |
| 0.74 | RRX | Regal Beloit | PairCorr |
| 0.62 | SMR | Nuscale Power Corp Buyout Trend | PairCorr |
Moving against ATS Stock
| 0.7 | RR | Richtech Robotics Class | PairCorr |
| 0.58 | CVV | CVD Equipment | PairCorr |
| 0.48 | ENOV | Enovis Corp | PairCorr |
| 0.43 | CXT | Crane NXT | PairCorr |
| 0.35 | THR | Thermon Group Holdings | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTGR | 2.33 | 0.59 | 0.30 | 0.54 | 1.62 | 5.28 | 34.60 | |||
| IPGP | 1.67 | (0.05) | 0.00 | 0.05 | 1.93 | 4.46 | 11.69 | |||
| PINS | 1.64 | (0.17) | 0.00 | (0.11) | 0.00 | 2.79 | 17.91 | |||
| GFF | 1.71 | 0.23 | 0.14 | 0.22 | 1.71 | 3.91 | 22.83 | |||
| NXPL | 2.83 | (0.18) | 0.00 | 11.43 | 0.00 | 4.88 | 34.56 | |||
| WRN | 1.94 | (0.10) | 0.00 | (0.01) | 0.00 | 3.51 | 20.61 | |||
| GOLD | 1.51 | (0.17) | 0.00 | 1.52 | 0.00 | 2.85 | 9.58 | |||
| SUM | 1.63 | 0.22 | 0.12 | 0.23 | 1.79 | 4.05 | 9.88 |
ATS Corporate Management
| Stewart McCuaig | General VP | Profile | |
| Steve Emery | Vice Procurement | Profile | |
| Prakash Mahesh | Group Sciences | Profile | |
| Jeffrey Adamson | Chief Officer | Profile |