ATS Correlations

ATS Stock

29.03 1.14 4.09%

The current 90-days correlation between ATS Corporation and Xometry is 0.17 (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

Very weak diversification

The correlation between ATS Corp. and DJI is 0.49 (i.e., Very weak 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 persons.

Moving against ATS Stock

0.65	002855	Dongguan Chitwing	Pair Corr
0.36	002786	Shenzhen Silver Basis	Pair Corr

Related Correlations Analysis

	XMTR	NNE	SXI	HI	TIC	EPAC	PSIX	AMSC	TRTN-PC	PCT
XMTR		-0.69	0.05	0.45	-0.6	-0.44	-0.64	-0.78	0.53	-0.74	XMTR
NNE	-0.69		-0.05	-0.59	0.83	0.57	0.84	0.9	-0.66	0.88	NNE
SXI	0.05	-0.05		0.63	-0.39	0.03	-0.3	-0.17	-0.15	-0.23	SXI
HI	0.45	-0.59	0.63		-0.72	-0.17	-0.63	-0.58	0.41	-0.68	HI
TIC	-0.6	0.83	-0.39	-0.72		0.72	0.94	0.9	-0.4	0.92	TIC
EPAC	-0.44	0.57	0.03	-0.17	0.72		0.73	0.72	-0.19	0.65	EPAC
PSIX	-0.64	0.84	-0.3	-0.63	0.94	0.73		0.93	-0.42	0.88	PSIX
AMSC	-0.78	0.9	-0.17	-0.58	0.9	0.72	0.93		-0.6	0.93	AMSC
TRTN-PC	0.53	-0.66	-0.15	0.41	-0.4	-0.19	-0.42	-0.6		-0.52	TRTN-PC
PCT	-0.74	0.88	-0.23	-0.68	0.92	0.65	0.88	0.93	-0.52		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	+ 0.94	TIC
AMSC	+ 0.93	PSIX
PCT	+ 0.93	AMSC
PCT	+ 0.92	TIC
AMSC	+ 0.9	NNE
AMSC	+ 0.9	TIC

High negative correlations

AMSC	- 0.78	XMTR
PCT	- 0.74	XMTR
TIC	- 0.72	HI
NNE	- 0.69	XMTR
PCT	- 0.68	HI
TRTN-PC	- 0.66	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	2.99	0.21	0.06	0.17	3.67	(2.97)	5.10	(6.97)	38.74
NNE	5.16	(0.50)	0.00	(0.08)	0.00	0.00	9.37	(9.64)	37.48
SXI	1.58	0.02	0.02	0.07	1.99	(1.55)	3.49	(2.71)	12.69
HI	0.81	0.24	0.18	0.49	0.55	(0.89)	0.87	(1.01)	18.63
TIC	2.27	(0.56)	0.00	(0.16)	0.00	0.00	3.20	(5.42)	11.80
EPAC	1.39	(0.11)	0.00	(0.03)	0.00	0.00	3.65	(2.53)	13.58
PSIX	4.02	(0.73)	0.00	(0.22)	0.00	0.00	7.68	(8.26)	29.92
AMSC	3.88	(0.93)	0.00	(0.21)	0.00	0.00	7.34	(7.16)	47.97
TRTN-PC	0.37	0.02	(0.07)	0.50	0.40	(0.39)	0.73	(0.78)	2.44
PCT	4.00	(0.62)	0.00	(0.16)	0.00	0.00	8.46	(7.32)	22.37

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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