Atlas America Correlations

USAF Etf

26.84 0.03 0.11%

The current 90-days correlation between Atlas America and First Trust Exchange Traded is 0.02 (i.e., Significant diversification). The correlation of Atlas America 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.

Atlas America Correlation With Market

Weak diversification

The correlation between Atlas America and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas America and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Atlas Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Atlas America. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Atlas Etf

0.72	HF	DGA Core Plus	Pair Corr
0.61	MFUL	Collaborative Investment	Pair Corr
0.66	BA	Boeing	Pair Corr

Moving against Atlas Etf

0.4

MMM

3M Company

Pair Corr

Related Correlations Analysis

	MGOV	VGIT	VGLT	VGSH	VGVT	MUST	NDOW	ERNZ	NUAG
MGOV		0.9	0.11	0.83	0.89	0.84	0.49	-0.71	0.73	MGOV
VGIT	0.9		0.25	0.81	0.96	0.73	0.39	-0.49	0.85	VGIT
VGLT	0.11	0.25		-0.33	0.39	-0.1	-0.4	0.16	0.5	VGLT
VGSH	0.83	0.81	-0.33		0.73	0.83	0.71	-0.61	0.58	VGSH
VGVT	0.89	0.96	0.39	0.73		0.73	0.38	-0.47	0.9	VGVT
MUST	0.84	0.73	-0.1	0.83	0.73		0.65	-0.63	0.6	MUST
NDOW	0.49	0.39	-0.4	0.71	0.38	0.65		-0.2	0.44	NDOW
ERNZ	-0.71	-0.49	0.16	-0.61	-0.47	-0.63	-0.2		-0.17	ERNZ
NUAG	0.73	0.85	0.5	0.58	0.9	0.6	0.44	-0.17		NUAG
	MGOV	VGIT	VGLT	VGSH	VGVT	MUST	NDOW	ERNZ	NUAG

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

VGVT	+ 0.96	VGIT
VGIT	+ 0.9	MGOV
NUAG	+ 0.9	VGVT
VGVT	+ 0.89	MGOV
NUAG	+ 0.85	VGIT
MUST	+ 0.84	MGOV

High negative correlations

ERNZ	- 0.71	MGOV
ERNZ	- 0.63	MUST
ERNZ	- 0.61	VGSH
ERNZ	- 0.49	VGIT
ERNZ	- 0.47	VGVT
NDOW	- 0.4	VGLT

Atlas America Constituents Risk-Adjusted Indicators

There is a big difference between Atlas Etf performing well and Atlas America ETF 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 Atlas America'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
MGOV	0.19	0.01	(0.17)	0.70	0.16	(0.22)	0.39	(0.44)	1.08
VGIT	0.14	0.01	(0.28)	1.62	0.11	(0.15)	0.29	(0.23)	0.96
VGLT	0.36	(0.02)	0.00	(0.53)	0.00	0.00	0.52	(0.86)	2.55
VGSH	0.05	0.01	(0.75)	(1.19)	0.00	(0.06)	0.12	(0.09)	0.36
VGVT	0.13	0.01	(0.26)	0.44	0.09	(0.14)	0.22	(0.27)	1.00
MUST	0.21	0.01	(0.13)	0.19	0.22	(0.22)	0.44	(0.34)	1.86
NDOW	0.40	0.02	(0.02)	0.09	0.45	(0.42)	0.79	(0.81)	2.12
ERNZ	0.52	(0.13)	0.00	(0.14)	0.00	0.00	0.92	(1.29)	2.73
NUAG	0.14	0.00	(0.32)	0.05	0.09	(0.18)	0.28	(0.28)	0.76

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