AtkinsRéalis Correlations

SNCAF Stock

USD 66.25 1.50 2.21%

The current 90-days correlation between AtkinsRalis Group and Skanska AB ser is 0.15 (i.e., Average diversification). The correlation of AtkinsRéalis 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.

AtkinsRéalis Correlation With Market

Poor diversification

The correlation between AtkinsRalis Group and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AtkinsRalis Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AtkinsRéalis Pink Sheet

0.81	EC	Ecopetrol SA ADR	Pair Corr
0.78	KEP	Korea Electric Power	Pair Corr
0.85	BNEFF	Bonterra Energy Corp	Pair Corr
0.72	NTZ	Natuzzi SpA	Pair Corr
0.81	AES	AES Aggressive Push	Pair Corr
0.73	NNBR	NN Inc	Pair Corr
0.71	USPH	US Physicalrapy	Pair Corr
0.88	SLSR	Solaris Resources	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr
0.69	GRBK	Green Brick Partners	Pair Corr
0.64	UMAC	Unusual Machines	Pair Corr
0.82	CGECF	Cogeco Inc	Pair Corr
0.66	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.78	MEEEF	Metal Energy Corp	Pair Corr
0.85	CYD	China Yuchai Interna	Pair Corr
0.84	CAMZF	Camino Minerals	Pair Corr
0.84	FRSB	First Resource Bank	Pair Corr
0.85	TOGOF	TomaGold	Pair Corr
0.81	EMMA	Emmaus Life Sciences	Pair Corr
0.77	INTC	Intel	Pair Corr

Moving against AtkinsRéalis Pink Sheet

0.52	PTAIF	PT Astra International	Pair Corr
0.56	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	EFGSY	EFGSF	SKBSY	STBBF	TISCY	ACXIF	OBYCF	SKSBF	DLAKY	MLLUY
EFGSY		0.63	0.73	0.83	0.74	0.22	0.86	0.76	0.92	-0.61	EFGSY
EFGSF	0.63		0.86	0.77	0.6	0.54	0.66	0.8	0.74	-0.73	EFGSF
SKBSY	0.73	0.86		0.86	0.61	0.5	0.77	0.96	0.81	-0.91	SKBSY
STBBF	0.83	0.77	0.86		0.72	0.44	0.82	0.89	0.84	-0.69	STBBF
TISCY	0.74	0.6	0.61	0.72		0.4	0.76	0.63	0.66	-0.51	TISCY
ACXIF	0.22	0.54	0.5	0.44	0.4		0.25	0.44	0.34	-0.38	ACXIF
OBYCF	0.86	0.66	0.77	0.82	0.76	0.25		0.81	0.81	-0.73	OBYCF
SKSBF	0.76	0.8	0.96	0.89	0.63	0.44	0.81		0.81	-0.91	SKSBF
DLAKY	0.92	0.74	0.81	0.84	0.66	0.34	0.81	0.81		-0.67	DLAKY
MLLUY	-0.61	-0.73	-0.91	-0.69	-0.51	-0.38	-0.73	-0.91	-0.67		MLLUY
	EFGSY	EFGSF	SKBSY	STBBF	TISCY	ACXIF	OBYCF	SKSBF	DLAKY	MLLUY

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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

SKSBF	+ 0.96	SKBSY
DLAKY	+ 0.92	EFGSY
SKSBF	+ 0.89	STBBF
OBYCF	+ 0.86	EFGSY
SKBSY	+ 0.86	EFGSF
STBBF	+ 0.86	SKBSY

High negative correlations

MLLUY	- 0.91	SKSBF
MLLUY	- 0.91	SKBSY
MLLUY	- 0.73	OBYCF
MLLUY	- 0.73	EFGSF
MLLUY	- 0.69	STBBF
MLLUY	- 0.67	DLAKY

Risk-Adjusted Indicators

There is a big difference between AtkinsRéalis Pink Sheet performing well and AtkinsRéalis 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 AtkinsRéalis' 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
EFGSY	1.65	0.38	0.13	0.74	1.88	(1.94)	3.65	(2.71)	13.40
EFGSF	0.26	0.12	0.00	1.93	0.00	0.00	0.00	0.00	8.47
SKBSY	1.18	0.18	0.10	0.38	1.24	(1.32)	2.63	(2.11)	7.45
STBBF	0.98	0.51	0.00	(2.50)	0.00	0.00	0.00	0.00	20.01
TISCY	1.94	0.86	0.00	2.51	0.00	0.00	6.57	0.00	28.28
ACXIF	1.21	0.04	0.00	0.24	2.33	(2.41)	3.52	(4.85)	14.66
OBYCF	1.93	0.57	0.19	0.69	1.55	(2.84)	5.10	(3.51)	12.31
SKSBF	0.94	0.23	0.08	1.54	0.78	(2.48)	2.61	(2.29)	12.69
DLAKY	1.52	0.27	0.12	0.37	1.75	(1.71)	3.68	(3.50)	10.22
MLLUY	0.67	(0.32)	0.00	1.53	0.00	0.00	0.00	(0.19)	19.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in AtkinsRéalis 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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AtkinsRéalis Corporate Management

Denis CA	VP Relations	Profile
Robert PE	Pres Projects	Profile
AndreeClaude Berube	Exec Counsel	Profile
Philip Hoare	UK, Services	Profile
Harold Fortin	Director Communications	Profile
Jeffrey Bell	Ex CFO	Profile

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