Atlas America Correlations

USAF Etf

27.91 0.10 0.36%

The current 90-days correlation between Atlas America and iShares MSCI Emerging is 0.51 (i.e., Very weak 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

Very poor diversification

The correlation between Atlas America and DJI is 0.82 (i.e., Very poor 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

0.95	HF	DGA Core Plus	Pair Corr
0.88	OCIO	ClearShares OCIO ETF	Pair Corr
0.89	MFUL	Collaborative Investment	Pair Corr
0.83	MPRO	Northern Lights	Pair Corr
0.96	RULE	Collaborative Investment	Pair Corr
0.92	UPAR	Tidal ETF Trust	Pair Corr
0.9	CLSM	Cabana Target Leading	Pair Corr
0.9	MSMR	ETF Series Solutions	Pair Corr
0.94	INTL	Main International ETF	Pair Corr
0.74	FNGD	MicroSectors FANG Index	Pair Corr
0.93	PCLN	2023 ETF	Pair Corr
0.91	JPST	JPMorgan Ultra Short	Pair Corr
0.99	IGLD	FT Cboe Vest Low Volatility	Pair Corr
0.94	WTRE	WisdomTree New Economy	Pair Corr
0.86	GAPR	First Trust Exchange	Pair Corr
0.93	FNDC	Schwab Fundamental	Pair Corr
0.92	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.94	SCZ	iShares MSCI EAFE	Pair Corr
0.74	DOGG	First Trust Exchange	Pair Corr
0.83	TOCT	Innovator Equity Defined	Pair Corr
0.94	PCEM	Litman Gregory Funds	Pair Corr
0.91	WLDR	Affinity World Leaders	Pair Corr
0.82	JANW	AIM ETF Products	Pair Corr
0.85	QLV	FlexShares Quality Low	Pair Corr
0.99	IAUM	iShares Gold Trust	Pair Corr
0.9	GENW	Spinnaker ETF Series	Pair Corr
0.86	JPIE	JP Morgan Exchange	Pair Corr
0.88	TAXT	Northern Trust Tax	Pair Corr
0.67	BBH	VanEck Biotech ETF	Pair Corr
0.85	PMAY	Innovator SP 500	Pair Corr
0.91	BSMS	Invesco BulletShares 2028	Pair Corr
0.9	CTEX	ProShares SP Kensho	Pair Corr
0.89	TLCI	Touchstone ETF Trust	Pair Corr
0.84	XYLD	Global X SP	Pair Corr
0.9	ESML	iShares ESG Aware	Pair Corr
0.9	WDNA	WisdomTree BioRevolution	Pair Corr

Moving against Atlas Etf

0.72	FRHC	Freedom Holding Corp	Pair Corr
0.47	HUM	Humana Inc	Pair Corr
0.46	IND	Xtrackers Nifty 500	Pair Corr

Related Correlations Analysis

	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT
WAR		0.06	0.61	0.81	0.94	-0.8	0.92	0.87	0.67	0.88	WAR
LRND	0.06		-0.34	-0.33	-0.02	0.12	0.12	-0.16	-0.44	-0.22	LRND
HAUS	0.61	-0.34		0.69	0.64	-0.46	0.57	0.71	0.81	0.71	HAUS
EMES	0.81	-0.33	0.69		0.8	-0.67	0.76	0.84	0.91	0.97	EMES
SLJY	0.94	-0.02	0.64	0.8		-0.86	0.87	0.85	0.69	0.87	SLJY
GIND	-0.8	0.12	-0.46	-0.67	-0.86		-0.69	-0.72	-0.54	-0.7	GIND
FLJJ	0.92	0.12	0.57	0.76	0.87	-0.69		0.84	0.62	0.82	FLJJ
EBIT	0.87	-0.16	0.71	0.84	0.85	-0.72	0.84		0.85	0.89	EBIT
ERET	0.67	-0.44	0.81	0.91	0.69	-0.54	0.62	0.85		0.9	ERET
EQLT	0.88	-0.22	0.71	0.97	0.87	-0.7	0.82	0.89	0.9		EQLT
	WAR	LRND	HAUS	EMES	SLJY	GIND	FLJJ	EBIT	ERET	EQLT

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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

EQLT	+ 0.97	EMES
SLJY	+ 0.94	WAR
FLJJ	+ 0.92	WAR
ERET	+ 0.91	EMES
EQLT	+ 0.9	ERET
EQLT	+ 0.89	EBIT

High negative correlations

GIND	- 0.86	SLJY
GIND	- 0.8	WAR
EBIT	- 0.72	GIND
EQLT	- 0.7	GIND
FLJJ	- 0.69	GIND
GIND	- 0.67	EMES

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
WAR	1.22	0.14	0.09	0.18	1.53	(1.27)	2.35	(2.70)	7.84
LRND	0.70	(0.08)	0.00	(0.03)	0.00	0.00	1.16	(1.78)	4.90
HAUS	0.67	0.08	0.00	(0.59)	0.76	(0.69)	1.47	(1.46)	3.33
EMES	0.66	0.16	0.12	(9.96)	0.56	(0.81)	1.78	(1.22)	4.37
SLJY	2.51	0.54	0.13	0.39	3.58	(2.62)	5.57	(4.13)	21.27
GIND	0.67	(0.10)	0.00	(0.16)	0.00	0.00	0.93	(1.28)	5.06
FLJJ	0.18	0.03	(0.15)	(0.47)	0.17	(0.18)	0.41	(0.53)	1.50
EBIT	0.80	0.12	0.15	0.18	0.57	(1.05)	2.39	(1.60)	4.82
ERET	0.45	0.12	0.12	0.40	0.27	(0.49)	1.14	(0.72)	2.74
EQLT	0.80	0.16	0.15	0.28	0.67	(0.90)	2.18	(1.38)	4.30

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