Atmus Filtration Correlations

Stocks . USA . 
Stock . Atmus Filtration Technologies
ATMU Stock   36.27  0.15  0.41%   
The current 90-days correlation between Atmus Filtration Tec and Stagwell is 0.54 (i.e., Very weak 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

Very poor diversification

The correlation between Atmus Filtration Technologies and DJI is 0.84 (i.e., Very 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.
  
Build AI portfolio with Atmus Stock
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.

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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.

Atmus Filtration Corporate Management

Jack KienzlerChief OfficerProfile
Renee SwanSenior OfficerProfile
Toni HickeyChief SecretaryProfile
Heidi NealChief OfficerProfile
Greg HoversonChief OfficerProfile
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