Atmus Filtration Correlations

ATMU Stock

37.66 0.02 0.05%

The current 90-days correlation between Atmus Filtration Tec and Brunswick is 0.6 (i.e., Poor diversification). The correlation of Atmus Filtration 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.

Atmus Filtration Correlation With Market

Poor diversification

The correlation between Atmus Filtration Technologies and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atmus Filtration Technologies 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 Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Atmus Stock

0.77	BBU	Brookfield Business	Pair Corr
0.8	HON	Honeywell International Earnings Call This Week	Pair Corr
0.88	MMM	3M Company	Pair Corr
0.84	VMI	Valmont Industries Earnings Call Tomorrow	Pair Corr
0.72	GTEC	Greenland Acquisition	Pair Corr
0.72	NNBR	NN Inc	Pair Corr
0.72	TOYO	TOYO Co,	Pair Corr
0.68	IP	International Paper	Pair Corr
0.79	OI	O I Glass	Pair Corr
0.82	SW	Smurfit WestRock plc	Pair Corr
0.79	DRVN	Driven Brands Holdings	Pair Corr
0.85	WBUY	WEBUY GLOBAL LTD Downward Rally	Pair Corr
0.63	EVRI	Everi Holdings	Pair Corr
0.68	AIN	Albany International Earnings Call This Week	Pair Corr
0.85	AVY	Avery Dennison Corp Earnings Call Tomorrow	Pair Corr
0.78	CCK	Crown Holdings Earnings Call Today	Pair Corr

Moving against Atmus Stock

0.64	VIRC	Virco Manufacturing	Pair Corr
0.46	GPK	Graphic Packaging Holding Earnings Call This Week	Pair Corr
0.42	FRSX	Foresight Autonomous	Pair Corr
0.38	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	BC	VC	TYGO	VPG	DAN	MRAM	MOD	APTV
BC		0.89	0.92	0.87	0.87	0.87	0.69	0.9	BC
VC	0.89		0.84	0.79	0.72	0.93	0.59	0.79	VC
TYGO	0.92	0.84		0.78	0.81	0.81	0.61	0.81	TYGO
VPG	0.87	0.79	0.78		0.9	0.84	0.8	0.92	VPG
DAN	0.87	0.72	0.81	0.9		0.78	0.83	0.97	DAN
MRAM	0.87	0.93	0.81	0.84	0.78		0.74	0.84	MRAM
MOD	0.69	0.59	0.61	0.8	0.83	0.74		0.85	MOD
APTV	0.9	0.79	0.81	0.92	0.97	0.84	0.85		APTV
	BC	VC	TYGO	VPG	DAN	MRAM	MOD	APTV

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Risk-Adjusted Indicators

There is a big difference between Atmus Stock performing well and Atmus Filtration 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 Atmus Filtration'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
BC	1.90	0.25	0.18	0.28	1.62	(2.36)	4.80	(2.96)	14.46
VC	1.61	0.56	0.34	0.66	1.11	(2.00)	4.59	(2.31)	10.00
TYGO	3.37	0.85	0.15	2.76	4.24	(3.90)	7.29	(5.41)	29.68
VPG	2.68	0.27	0.14	0.26	2.53	(2.96)	6.31	(4.53)	24.61
DAN	1.84	0.47	0.26	0.54	1.30	(2.07)	4.80	(2.60)	10.01
MRAM	1.88	0.45	0.15	1.13	2.01	(2.23)	4.05	(2.74)	18.09
MOD	2.32	0.12	0.08	0.19	3.19	(2.52)	6.57	(4.44)	18.74
APTV	1.62	0.30	0.24	0.36	1.15	(1.97)	3.72	(2.26)	11.49

Atmus Filtration Corporate Management

Jack Kienzler	Chief Officer	Profile
Renee Swan	Senior Officer	Profile
Toni Hickey	Chief Secretary	Profile
Heidi Neal	Chief Officer	Profile
Greg Hoverson	Chief Officer	Profile

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