Atkore International Correlations

Stocks . USA . 
Stock . Atkore International Group
ATKR Stock  USD 72.99  1.29  1.74%   
The current 90-days correlation between Atkore International and Advanced Energy Industries is 0.43 (i.e., Very weak diversification). The correlation of Atkore International 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.

Atkore International Correlation With Market

Poor diversification

The correlation between Atkore International Group and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atkore International Group and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving against Atkore Stock

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Related Correlations Analysis

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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   
NVT
+ 0.99
AEIS
AYI
+ 0.95
AEIS
NVT
+ 0.94
AYI
ARCB
+ 0.93
AYI
ARCB
+ 0.87
AEIS
CCS
+ 0.84
BLDR
  
High negative correlations   
MATX
- 0.07
CCS

Risk-Adjusted Indicators

There is a big difference between Atkore Stock performing well and Atkore International 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 Atkore International'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.

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