ATS Correlations

ATS Stock

30.00 0.49 1.66%

The current 90-days correlation between ATS Corporation and Nexstar Broadcasting Group is -0.14 (i.e., Good diversification). The correlation of ATS 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.

ATS Correlation With Market

Poor diversification

The correlation between ATS Corp. and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATS Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ATS Stock

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

Moving together with ATS Stock

0.88	BW	Babcock Wilcox Enter	Pair Corr
0.89	CR	Crane Company	Pair Corr
0.83	IR	Ingersoll Rand	Pair Corr
0.85	PH	Parker Hannifin	Pair Corr
0.85	AME	Ametek Inc	Pair Corr
0.83	CMI	Cummins	Pair Corr
0.86	CXT	Crane NXT	Pair Corr
0.81	CYD	China Yuchai Interna	Pair Corr
0.85	DCI	Donaldson	Pair Corr
0.79	DOV	Dover Sell-off Trend	Pair Corr
0.9	EMR	Emerson Electric Sell-off Trend	Pair Corr
0.88	ETN	Eaton PLC Sell-off Trend	Pair Corr
0.7	FLS	Flowserve	Pair Corr
0.81	GGG	Graco Inc Earnings Call This Week	Pair Corr
0.91	GHM	Graham	Pair Corr
0.62	GRC	Gorman Rupp	Pair Corr
0.89	ITT	ITT Inc	Pair Corr
0.71	ITW	Illinois Tool Works	Pair Corr
0.94	MIR	Mirion Technologies	Pair Corr
0.8	XMTR	Xometry	Pair Corr
0.89	NNE	Nano Nuclear Energy	Pair Corr
0.88	NPO	Enpro Industries	Pair Corr
0.83	PNR	Pentair PLC Earnings Call This Week	Pair Corr
0.9	ROK	Rockwell Automation	Pair Corr
0.85	RRX	Regal Beloit	Pair Corr
0.93	SMR	Nuscale Power Corp Upward Rally	Pair Corr

Moving against ATS Stock

0.36

MWA

Mueller Water Products

Pair Corr

Related Correlations Analysis

	NXST	NCTY	JDDSF	KAVL	BUD	COCO	GLMFF
NXST		-0.44	0.48	0.42	0.68	0.81	0.86	NXST
NCTY	-0.44		-0.49	0.26	-0.5	-0.4	-0.57	NCTY
JDDSF	0.48	-0.49		-0.3	0.05	0.45	0.6	JDDSF
KAVL	0.42	0.26	-0.3		0.39	0.41	0.27	KAVL
BUD	0.68	-0.5	0.05	0.39		0.67	0.61	BUD
COCO	0.81	-0.4	0.45	0.41	0.67		0.85	COCO
GLMFF	0.86	-0.57	0.6	0.27	0.61	0.85		GLMFF
	NXST	NCTY	JDDSF	KAVL	BUD	COCO	GLMFF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GLMFF	+ 0.86	NXST
GLMFF	+ 0.85	COCO
COCO	+ 0.81	NXST
BUD	+ 0.68	NXST
COCO	+ 0.67	BUD
GLMFF	+ 0.61	BUD

High negative correlations

GLMFF	- 0.57	NCTY
BUD	- 0.5	NCTY
JDDSF	- 0.49	NCTY
NCTY	- 0.44	NXST
COCO	- 0.4	NCTY
KAVL	- 0.3	JDDSF

Risk-Adjusted Indicators

There is a big difference between ATS Stock performing well and ATS 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 ATS'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
NXST	1.57	0.40	0.02	(0.73)	1.60	(1.69)	3.85	(3.08)	11.88
NCTY	3.84	(0.04)	0.00	0.36	0.00	0.00	7.89	(8.15)	20.72
JDDSF	1.39	0.21	0.00	1.47	0.00	0.00	3.96	(3.81)	31.00
KAVL	2.95	0.62	0.09	(7.16)	2.67	(4.50)	5.26	(5.36)	22.98
BUD	0.93	0.16	(0.01)	0.73	0.70	(1.08)	2.29	(1.47)	6.90
COCO	1.78	0.23	0.13	0.49	1.55	(2.17)	3.66	(2.27)	17.01
GLMFF	0.62	0.31	0.00	30.99	0.00	0.00	0.00	0.00	11.11

ATS Corporate Management

Stewart McCuaig	General VP	Profile
Steve Emery	Vice Procurement	Profile
Prakash Mahesh	Group Sciences	Profile
Jeffrey Adamson	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC