Atome Energy Correlations

ATOM Stock

54.50 1.00 1.87%

The current 90-days correlation between Atome Energy PLC and Dalata Hotel Group is -0.01 (i.e., Good diversification). The correlation of Atome Energy 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.

Atome Energy Correlation With Market

Modest diversification

The correlation between Atome Energy PLC and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atome Energy PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Atome Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atome Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atome Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atome Energy PLC to buy it.

Moving together with Atome Stock

0.83	BC94	Samsung Electronics	Pair Corr
0.84	SMSD	Samsung Electronics	Pair Corr
0.84	SMSN	Samsung Electronics	Pair Corr
0.62	RIGD	Reliance Industries	Pair Corr
0.83	KAP	National Atomic	Pair Corr
0.78	MTL	Metals Exploration Plc	Pair Corr
0.78	INSE	Inspired Plc	Pair Corr

Moving against Atome Stock

0.69

0R15

SoftBank Group Corp

Pair Corr

Related Correlations Analysis

	DAL	0P5L	0FQR	TIG	ABF	SUPR	0YTR	IHG
DAL		0.85	0.84	0.39	0.18	0.89	-0.4	0.32	DAL
0P5L	0.85		0.96	0.74	0.21	0.91	-0.21	0.67	0P5L
0FQR	0.84	0.96		0.74	0.25	0.92	-0.23	0.67	0FQR
TIG	0.39	0.74	0.74		0.19	0.62	0.25	0.91	TIG
ABF	0.18	0.21	0.25	0.19		0.37	-0.24	0.12	ABF
SUPR	0.89	0.91	0.92	0.62	0.37		-0.38	0.52	SUPR
0YTR	-0.4	-0.21	-0.23	0.25	-0.24	-0.38		0.31	0YTR
IHG	0.32	0.67	0.67	0.91	0.12	0.52	0.31		IHG
	DAL	0P5L	0FQR	TIG	ABF	SUPR	0YTR	IHG

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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

0FQR	+ 0.96	0P5L
SUPR	+ 0.92	0FQR
SUPR	+ 0.91	0P5L
IHG	+ 0.91	TIG
SUPR	+ 0.89	DAL
0P5L	+ 0.85	DAL

High negative correlations

0YTR	- 0.4	DAL
0YTR	- 0.38	SUPR
0YTR	- 0.24	ABF
0YTR	- 0.23	0FQR
0YTR	- 0.21	0P5L

Risk-Adjusted Indicators

There is a big difference between Atome Stock performing well and Atome Energy 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 Atome Energy'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
DAL	1.75	0.31	0.05	(1.70)	2.52	(2.44)	4.33	(3.41)	17.71
0P5L	1.41	0.32	0.10	0.89	1.46	(2.08)	5.06	(4.05)	10.31
0FQR	0.44	0.06	(0.08)	(2.20)	0.48	(0.49)	0.91	(0.91)	2.69
TIG	2.41	0.25	0.05	(1.72)	2.41	(2.72)	5.97	(4.62)	16.11
ABF	1.35	0.16	0.02	(1.43)	2.11	(1.30)	2.87	(2.33)	13.33
SUPR	0.82	0.16	0.05	(2.68)	1.01	(0.96)	2.15	(1.90)	6.39
0YTR	1.54	(0.15)	0.00	(0.18)	0.00	0.00	3.33	(4.66)	11.80
IHG	1.34	0.07	0.00	0.38	1.62	(1.44)	3.12	(2.75)	7.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atome Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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