Atari SA Correlations

PONGF Stock

USD 0.16 0.04 33.33%

The correlation of Atari SA 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.

Atari SA Correlation With Market

Significant diversification

The correlation between Atari SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atari SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Atari SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atari SA 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 Atari SA - 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 Atari SA to buy it.

Moving together with Atari Pink Sheet

0.63	NTES	NetEase	Pair Corr
0.74	RBLX	Roblox Corp Sell-off Trend	Pair Corr
0.62	PTAIF	PT Astra International	Pair Corr

Moving against Atari Pink Sheet

0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	NEXOY	Nexon Co	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.64	NEXOF	NEXON Co	Pair Corr
0.6	PPERF	Bank Mandiri Persero	Pair Corr
0.59	PTAIY	Astra International Tbk	Pair Corr
0.33	PBCRY	Bank Central Asia	Pair Corr
0.71	LCDX	Caliber Imaging Diag	Pair Corr
0.68	FTV	Fortive Corp	Pair Corr
0.65	CASXF	Casa Minerals	Pair Corr
0.61	MGCV	MGC Ventures	Pair Corr
0.58	SYF	Synchrony Financial	Pair Corr
0.58	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.56	SMXWW	SMX Public Limited	Pair Corr
0.55	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.55	NAUFF	NevGold Corp	Pair Corr
0.53	DGWPF	Drgerwerk AG	Pair Corr
0.53	DB	Deutsche Bank AG	Pair Corr
0.43	BROS	Dutch Bros	Pair Corr

Related Correlations Analysis

	DLEXY	ENADF	MTWO	ARRXF	QTRHF	FRIIF	IQEPF	VSQTF	SILLF	RNWEY
DLEXY		0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	DLEXY
ENADF	0.0		0.66	0.29	0.79	0.0	0.26	0.23	-0.74	0.38	ENADF
MTWO	0.0	0.66		-0.18	0.66	0.0	0.63	0.37	-0.83	0.64	MTWO
ARRXF	0.0	0.29	-0.18		0.04	0.0	-0.46	0.3	0.05	-0.37	ARRXF
QTRHF	0.0	0.79	0.66	0.04		0.0	0.58	0.05	-0.74	0.66	QTRHF
FRIIF	1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FRIIF
IQEPF	0.0	0.26	0.63	-0.46	0.58	0.0		0.08	-0.67	0.85	IQEPF
VSQTF	0.0	0.23	0.37	0.3	0.05	0.0	0.08		-0.43	0.02	VSQTF
SILLF	0.0	-0.74	-0.83	0.05	-0.74	0.0	-0.67	-0.43		-0.62	SILLF
RNWEY	0.0	0.38	0.64	-0.37	0.66	0.0	0.85	0.02	-0.62		RNWEY
	DLEXY	ENADF	MTWO	ARRXF	QTRHF	FRIIF	IQEPF	VSQTF	SILLF	RNWEY

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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

FRIIF	+ 1.0	DLEXY
RNWEY	+ 0.85	IQEPF
QTRHF	+ 0.79	ENADF
MTWO	+ 0.66	ENADF
QTRHF	+ 0.66	MTWO
RNWEY	+ 0.66	QTRHF

High negative correlations

SILLF	- 0.83	MTWO
SILLF	- 0.74	QTRHF
SILLF	- 0.74	ENADF
SILLF	- 0.67	IQEPF
RNWEY	- 0.62	SILLF
IQEPF	- 0.46	ARRXF

Risk-Adjusted Indicators

There is a big difference between Atari Pink Sheet performing well and Atari SA 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 Atari SA'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
DLEXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENADF	1.00	(0.13)	0.00	(0.46)	0.00	0.00	0.00	0.00	42.23
MTWO	3.89	(0.77)	0.00	(0.49)	0.00	0.00	9.09	(9.09)	32.37
ARRXF	6.39	0.65	0.07	0.96	6.40	(9.14)	15.00	(11.54)	42.66
QTRHF	1.57	(0.16)	0.00	(0.48)	0.00	0.00	4.00	(3.85)	15.59
FRIIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IQEPF	2.42	(0.69)	0.00	0.72	0.00	0.00	1.03	(9.88)	37.78
VSQTF	4.28	0.15	0.04	0.13	4.68	(7.00)	8.62	(6.56)	44.03
SILLF	0.54	0.24	0.00	0.50	0.00	0.00	0.00	0.00	13.64
RNWEY	18.83	5.90	0.00	(1.11)	0.00	0.00	140.00	(42.86)	225.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atari SA 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.

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Atari SA Corporate Management

David Ward	CoFounder Operations	Profile
Geoffroy Chateauvieux	Chief Officer	Profile
Bernadette Abbott	Head HR	Profile
Denis Bunma	Director Board	Profile
Wade Rosen	CEO Chairman	Profile

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