ATS Correlations

ATS Stock

32.49 0.36 1.12%

The current 90-days correlation between ATS Corporation and Xometry is 0.23 (i.e., Modest 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

Very poor diversification

The correlation between ATS Corp. and DJI is 0.83 (i.e., Very poor 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.

Build AI portfolio with ATS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with ATS Stock

0.7	0ACC	Accelleron Industries	Pair Corr
0.85	FUCA	FANUC PUNSPADR 110	Pair Corr
0.91	HI	Hillenbrand	Pair Corr
0.79	HY	Hyster Yale Materials Earnings Call This Week	Pair Corr
0.85	IR	Ingersoll Rand	Pair Corr
0.91	PH	Parker Hannifin	Pair Corr
0.81	PL	Planet Labs PBC Aggressive Push	Pair Corr
0.69	TE	T1 Energy Earnings Call This Week	Pair Corr
0.87	OSG	OSG Corporation	Pair Corr
0.92	21T	Bodycote PLC	Pair Corr
0.77	KC4	KONE Oyj	Pair Corr
0.77	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.71	NVJP	Umicore SA	Pair Corr
0.78	EAAS	Eenergy Group PLC	Pair Corr
0.86	IMI1	IMI plc	Pair Corr
0.87	HZ8	Insteel Industries	Pair Corr
0.71	DZR	AVINGTRANS LS 05	Pair Corr
0.77	TWN	Twin Disc	Pair Corr
0.82	NDX1	Nordex SE Earnings Call Tomorrow	Pair Corr
0.83	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against ATS Stock

0.69	FQ4	OCEAN GEOLOOP AS	Pair Corr
0.65	74Z	BOA CEPT SA	Pair Corr
0.54	INRN	Interroll Holding	Pair Corr
0.7	D7G	Nel ASA Earnings Call This Week	Pair Corr
0.82	7YA	M VEST WATER	Pair Corr
0.8	EPOW	Sunrise New Energy	Pair Corr
0.51	WATR	Current Water Techno	Pair Corr

Related Correlations Analysis

	XMTR	NNE	SXI	HI	TIC	EPAC	PSIX	AMSC	TRTN-PC	PCT
XMTR		0.16	0.04	0.32	0.43	0.29	0.17	-0.33	0.48	0.44	XMTR
NNE	0.16		-0.13	-0.46	0.33	-0.4	-0.37	0.08	-0.24	0.45	NNE
SXI	0.04	-0.13		0.57	-0.05	0.69	0.74	0.25	0.08	0.37	SXI
HI	0.32	-0.46	0.57		0.32	0.86	0.88	0.07	0.73	0.44	HI
TIC	0.43	0.33	-0.05	0.32		0.24	0.19	0.0	0.57	0.67	TIC
EPAC	0.29	-0.4	0.69	0.86	0.24		0.85	0.1	0.6	0.35	EPAC
PSIX	0.17	-0.37	0.74	0.88	0.19	0.85		0.29	0.61	0.36	PSIX
AMSC	-0.33	0.08	0.25	0.07	0.0	0.1	0.29		0.0	0.05	AMSC
TRTN-PC	0.48	-0.24	0.08	0.73	0.57	0.6	0.61	0.0		0.37	TRTN-PC
PCT	0.44	0.45	0.37	0.44	0.67	0.35	0.36	0.05	0.37		PCT
	XMTR	NNE	SXI	HI	TIC	EPAC	PSIX	AMSC	TRTN-PC	PCT

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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

PSIX	+ 0.88	HI
EPAC	+ 0.86	HI
PSIX	+ 0.85	EPAC
PSIX	+ 0.74	SXI
TRTN-PC	+ 0.73	HI
EPAC	+ 0.69	SXI

High negative correlations

HI	- 0.46	NNE
EPAC	- 0.4	NNE
PSIX	- 0.37	NNE
AMSC	- 0.33	XMTR
TRTN-PC	- 0.24	NNE
SXI	- 0.13	NNE

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
XMTR	3.16	0.08	0.00	0.38	4.81	(2.86)	5.53	(7.26)	24.30
NNE	4.54	(0.27)	0.00	(0.37)	0.00	0.00	9.26	(8.44)	23.43
SXI	1.74	0.11	0.02	0.71	2.07	(1.73)	3.49	(2.89)	12.69
HI	0.10	0.02	(0.53)	(0.88)	0.00	(0.14)	0.25	(0.19)	0.89
TIC	2.33	0.08	(0.02)	(0.08)	2.65	(2.70)	6.11	(4.93)	16.41
EPAC	1.50	0.12	0.02	0.83	2.06	(1.61)	3.65	(2.83)	12.80
PSIX	3.98	0.81	0.20	2.38	3.42	(4.91)	7.99	(5.36)	25.42
AMSC	3.13	0.12	0.00	(0.18)	3.63	(3.53)	7.47	(6.74)	17.70
TRTN-PC	0.30	0.04	(0.13)	(0.18)	0.42	(0.30)	0.68	(0.64)	2.46
PCT	3.64	0.15	0.01	(0.63)	4.12	(4.15)	8.20	(7.47)	29.42

ATS Corporate Management

Stewart McCuaig	General VP	Profile
Giuseppe Tassone	Vice Acquisitions	Profile
David CFA	Head Relations	Profile
Arjun CFA	Investor Associate	Profile
Steve Emery	Vice Procurement	Profile

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