AtkinsRalis Correlations
| SNCAF Stock | USD 66.10 0.43 0.65% |
The current 90-days correlation between AtkinsRalis Group and Skanska AB ser is 0.28 (i.e., Modest diversification). The correlation of AtkinsRalis 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.
AtkinsRalis Correlation With Market
Average diversification
The correlation between AtkinsRalis Group and DJI is 0.12 (i.e., Average 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.
AtkinsRalis |
The ability to find closely correlated positions to AtkinsRalis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AtkinsRalis 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 AtkinsRalis - 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 against AtkinsRalis Pink Sheet
| 0.87 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.75 | KYOCF | Kyocera | PairCorr |
| 0.7 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.69 | EGP | EastGroup Properties | PairCorr |
| 0.64 | STAG | STAG Industrial | PairCorr |
| 0.64 | AAL | American Airlines | PairCorr |
| 0.57 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.56 | PBCRY | Bank Central Asia | PairCorr |
| 0.55 | DDS | Dillards, | PairCorr |
| 0.52 | NOEM | CO2 Energy Transition | PairCorr |
| 0.5 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.47 | PBCRF | PT Bank Central | PairCorr |
| 0.46 | SMGKF | Smiths Group plc | PairCorr |
| 0.39 | CLRI | Cleartronic | PairCorr |
| 0.33 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.33 | HMDCF | HUTCHMED Limited | PairCorr |
| 0.32 | PII | Polaris Industries | PairCorr |
| 0.89 | RLMD | Relmada Therapeutics | PairCorr |
| 0.86 | AKAM | Akamai Technologies | PairCorr |
| 0.85 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.83 | DNLMY | Dunelm Group PLC | PairCorr |
| 0.82 | APGE | Apogee Therapeutics, | PairCorr |
| 0.81 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.8 | SHIP | Seanergy Maritime | PairCorr |
| 0.72 | PHAR | Pharming Group NV | PairCorr |
| 0.71 | GM | General Motors | PairCorr |
| 0.7 | CX | Cemex SAB de Sell-off Trend | PairCorr |
Related Correlations Analysis
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 AtkinsRalis Pink Sheet performing well and AtkinsRalis 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 AtkinsRalis' 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 | 1.31 | 0.16 | 0.03 | (0.26) | 1.57 | 3.28 | 8.18 | |||
| EFGSF | 0.25 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 7.41 | |||
| SKBSY | 1.11 | 0.10 | 0.05 | 0.18 | 1.47 | 2.11 | 11.76 | |||
| STBBF | 0.88 | (0.01) | 0.00 | 0.08 | 0.00 | 0.00 | 20.10 | |||
| TISCY | 0.93 | 0.44 | 0.00 | (2.73) | 0.00 | 1.42 | 14.47 | |||
| ACXIF | 1.01 | 0.17 | 0.01 | (0.92) | 1.96 | 3.55 | 18.59 | |||
| OBYCF | 1.78 | 0.36 | 0.11 | 1.05 | 1.72 | 5.10 | 16.68 | |||
| SKSBF | 0.67 | 0.11 | 0.01 | (0.80) | 1.00 | 2.29 | 13.75 | |||
| DLAKY | 1.52 | 0.17 | 0.07 | 0.32 | 1.92 | 4.31 | 10.86 | |||
| MLLUY | 0.51 | 0.04 | 0.00 | 2.77 | 0.00 | 0.00 | 24.23 |
Be your own money manager
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AtkinsRalis 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 |