Anterix Correlations

ATEX Stock

USD 22.84 0.06 0.26%

The current 90-days correlation between Anterix and Shenandoah Telecommunications Co is 0.17 (i.e., Average diversification). The correlation of Anterix 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Anterix Correlation With Market

Weak diversification

The correlation between Anterix 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 Anterix and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anterix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Anterix Stock please use our How to Invest in Anterix guide.

Moving together with Anterix Stock

0.63

GDEVW

Nexters Warrant

Pair Corr

Moving against Anterix Stock

0.86	VIV	Telefonica Brasil	Pair Corr
0.86	WB	Weibo Corp	Pair Corr
0.86	YQ	17 Education Technology	Pair Corr
0.85	KT	KT Corporation Potential Growth	Pair Corr
0.85	TU	Telus Corp	Pair Corr
0.84	Z	Zillow Group Class	Pair Corr
0.83	IRDM	Iridium Communications Earnings Call This Week	Pair Corr
0.83	ZG	Zillow Group	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.82	SY	So Young International Trending	Pair Corr
0.78	TIMB	TIM Participacoes	Pair Corr
0.76	BZ	Kanzhun Ltd ADR	Pair Corr
0.75	BCE	BCE Inc	Pair Corr
0.71	RPID	Rapid Micro Biosystems	Pair Corr
0.69	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.68	EB	Eventbrite Class A	Pair Corr
0.63	SE	Sea	Pair Corr
0.63	TC	TuanChe ADR	Pair Corr
0.4	DJCO	Daily Journal Corp	Pair Corr
0.38	EA	Electronic Arts	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr
0.81	BATRK	Atlanta Braves Holdings,	Pair Corr
0.78	BATRA	Atlanta Braves Holdings,	Pair Corr
0.78	CCO	Clear Channel Outdoor	Pair Corr
0.75	AMX	America Movil SAB	Pair Corr
0.73	ZH	Zhihu Inc ADR	Pair Corr
0.72	DLPN	Dolphin Entertainment	Pair Corr
0.71	VENU	Venu Holding	Pair Corr
0.68	CHR	Cheer Holding	Pair Corr
0.64	FENG	Phoenix New Media	Pair Corr
0.58	VSME	VS Media Holdings	Pair Corr
0.56	ADD	Color Star Technology	Pair Corr

Related Correlations Analysis

	SHEN	LBRDP	OOMA	IDT	LBRDK	CABO	TLK	LBTYA	RDCM	SKM
SHEN		0.67	-0.4	0.46	0.1	-0.42	0.64	0.14	0.22	0.75	SHEN
LBRDP	0.67		-0.04	0.6	0.6	-0.65	0.76	-0.15	0.56	0.5	LBRDP
OOMA	-0.4	-0.04		0.43	0.64	-0.41	0.2	-0.6	0.64	-0.57	OOMA
IDT	0.46	0.6	0.43		0.74	-0.84	0.86	-0.46	0.8	0.25	IDT
LBRDK	0.1	0.6	0.64	0.74		-0.8	0.7	-0.59	0.9	-0.18	LBRDK
CABO	-0.42	-0.65	-0.41	-0.84	-0.8		-0.86	0.73	-0.84	-0.1	CABO
TLK	0.64	0.76	0.2	0.86	0.7	-0.86		-0.37	0.77	0.37	TLK
LBTYA	0.14	-0.15	-0.6	-0.46	-0.59	0.73	-0.37		-0.6	0.34	LBTYA
RDCM	0.22	0.56	0.64	0.8	0.9	-0.84	0.77	-0.6		-0.06	RDCM
SKM	0.75	0.5	-0.57	0.25	-0.18	-0.1	0.37	0.34	-0.06		SKM
	SHEN	LBRDP	OOMA	IDT	LBRDK	CABO	TLK	LBTYA	RDCM	SKM

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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

RDCM	+ 0.9	LBRDK
TLK	+ 0.86	IDT
RDCM	+ 0.8	IDT
RDCM	+ 0.77	TLK
TLK	+ 0.76	LBRDP
SKM	+ 0.75	SHEN

High negative correlations

TLK	- 0.86	CABO
RDCM	- 0.84	CABO
CABO	- 0.84	IDT
CABO	- 0.8	LBRDK
CABO	- 0.65	LBRDP
RDCM	- 0.6	LBTYA

Risk-Adjusted Indicators

There is a big difference between Anterix Stock performing well and Anterix 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 Anterix'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
SHEN	1.99	0.14	0.03	0.32	3.36	(2.13)	3.36	(5.07)	16.23
LBRDP	0.43	0.08	(0.05)	0.63	0.30	(0.49)	1.38	(0.90)	2.92
OOMA	1.50	(0.13)	(0.05)	0.01	2.07	(1.43)	2.74	(3.78)	7.83
IDT	1.67	0.09	0.05	0.22	1.91	(1.85)	3.03	(3.40)	19.60
LBRDK	1.70	0.35	0.10	(1.26)	1.69	(1.92)	2.97	(2.99)	14.56
CABO	3.58	(0.86)	0.00	(6.08)	0.00	0.00	4.53	(6.53)	46.30
TLK	1.38	0.27	0.15	0.61	1.25	(1.72)	3.79	(2.71)	8.11
LBTYA	1.46	(0.13)	0.00	(0.17)	0.00	0.00	2.26	(2.86)	13.72
RDCM	2.13	0.37	0.06	(0.51)	2.27	(2.29)	4.98	(3.57)	12.31
SKM	1.17	0.04	(0.04)	(2.02)	2.34	(1.02)	2.26	(3.81)	10.52

Anterix Corporate Management

Richard Creegan	Vice Sales	Profile
Wassim Akhdar	Senior Innovation	Profile
Carlos LAbbate	Chief Officer	Profile
Gretchen Starcher	Chief Officer	Profile
Christopher GuttmanMcCabe	Chief Officer	Profile
Gena JD	Chief Secretary	Profile

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