ATT Correlations

TBC Stock

USD 25.09 0.01 0.04%

The current 90-days correlation between ATT Inc ELKS and ATT Inc is 0.77 (i.e., Poor diversification). The correlation of ATT 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.

ATT Correlation With Market

Good diversification

The correlation between ATT Inc ELKS and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc ELKS and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ATT Inc ELKS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with ATT Stock

0.62

Verizon Communications Aggressive Push

Pair Corr

Moving against ATT Stock

0.43	OB	Outbrain	Pair Corr
0.4	SJ	Scienjoy Holding Corp	Pair Corr
0.38	EB	Eventbrite Class A	Pair Corr
0.72	DOYU	DouYu International	Pair Corr
0.46	GDEVW	Nexters Warrant	Pair Corr
0.35	DRCT	Direct Digital Holdings	Pair Corr
0.35	NPSNY	Naspers Ltd ADR Earnings Call This Week	Pair Corr
0.31	EVER	EverQuote Class A	Pair Corr

Related Correlations Analysis

	TBB	PRS	SOJC	DUKB	SOJD
TBB		0.67	0.67	0.73	0.49	TBB
PRS	0.67		0.65	0.83	0.64	PRS
SOJC	0.67	0.65		0.65	0.91	SOJC
DUKB	0.73	0.83	0.65		0.63	DUKB
SOJD	0.49	0.64	0.91	0.63		SOJD
	TBB	PRS	SOJC	DUKB	SOJD

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Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
TBB	0.42	0.04	(0.13)	0.46	0.44	(0.42)	0.83	(0.87)	2.65
PRS	0.38	(0.01)	(0.21)	0.00	0.52	(0.36)	0.78	(0.88)	1.86
SOJC	0.41	(0.03)	0.00	(0.10)	0.00	0.00	0.87	(1.07)	2.60
DUKB	0.35	(0.02)	0.00	(0.17)	0.00	0.00	0.64	(0.68)	1.63
SOJD	0.56	(0.07)	0.00	(0.77)	0.00	0.00	1.03	(1.47)	3.26

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