AT S Correlations

AUS Stock

EUR 21.05 0.85 4.21%

The current 90-days correlation between AT S Austria and Plexus Corp is 0.09 (i.e., Significant diversification). The correlation of AT S 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.

AT S Correlation With Market

Very good diversification

The correlation between AT S Austria and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AT S Austria and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AT S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AT S 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 AT S - 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 AT S Austria to buy it.

Moving together with AUS Stock

0.74	JBL	Jabil Inc	Pair Corr
0.8	IBI	Ibiden CoLtd	Pair Corr
0.7	PX4	Plexus Corp Earnings Call This Week	Pair Corr
0.86	TT1	TTM Technologies	Pair Corr
0.65	BMU	Benchmark Electronics	Pair Corr
0.87	74F	LIFE BANC SPLIT	Pair Corr
0.78	9EE	ZINZINO AB B	Pair Corr
0.81	HEI	Heidelberg Materials	Pair Corr
0.75	KGHA	KGHM Polska Miedz	Pair Corr
0.86	DBPE	Xtrackers LevDAX	Pair Corr
0.89	E908	Lyxor 1	Pair Corr

Moving against AUS Stock

0.85	DBPD	Xtrackers ShortDAX	Pair Corr
0.74	CBHD	Coloplast A/S	Pair Corr
0.62	9Y2	LABOCANNA SA ZY	Pair Corr

Related Correlations Analysis

	JBL	IBI	PX4	NVPA	HAA1	AUS	BMU	MEC
JBL		0.85	0.59	0.59	0.32	0.74	0.71	0.49	JBL
IBI	0.85		0.73	0.24	0.21	0.8	0.62	0.19	IBI
PX4	0.59	0.73		0.25	0.53	0.7	0.6	0.23	PX4
NVPA	0.59	0.24	0.25		0.67	0.51	0.54	0.67	NVPA
HAA1	0.32	0.21	0.53	0.67		0.5	0.41	0.46	HAA1
AUS	0.74	0.8	0.7	0.51	0.5		0.65	0.3	AUS
BMU	0.71	0.62	0.6	0.54	0.41	0.65		0.34	BMU
MEC	0.49	0.19	0.23	0.67	0.46	0.3	0.34		MEC
	JBL	IBI	PX4	NVPA	HAA1	AUS	BMU	MEC

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Risk-Adjusted Indicators

There is a big difference between AUS Stock performing well and AT S 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 AT S'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
JBL	2.19	0.85	0.41	(1.20)	1.20	(3.24)	5.65	(2.87)	13.25
IBI	2.16	0.77	0.24	(2.88)	1.83	(2.70)	4.00	(3.33)	21.14
PX4	1.23	0.21	0.03	(0.75)	1.14	(1.75)	2.68	(1.80)	7.21
NVPA	2.78	0.56	0.12	2.98	2.59	(4.13)	6.82	(4.88)	18.06
HAA1	3.32	0.60	0.10	3.41	3.71	(4.17)	8.51	(6.38)	21.76
AUS	2.50	0.91	0.25	(1.19)	2.19	(3.06)	5.63	(4.31)	13.35
BMU	1.35	0.15	0.01	(3.66)	2.06	(1.64)	3.77	(1.85)	15.58
MEC	2.03	0.07	0.00	0.27	3.12	(2.01)	4.49	(4.57)	16.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in AT S 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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AT S Corporate Management

Elected by the shareholders, the AT S's board of directors comprises two types of representatives: AT S inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AUS. The board's role is to monitor AT S's management team and ensure that shareholders' interests are well served. AT S's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AT S's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ingolf Schroeder	COO Board	Profile
Engineer Drflinger	Honorary Board	Profile
Gerald Reischl	Director PR	Profile
Silvo Leitner	Director Fin	Profile
Andreas Gerstenmayer	Chairman CEO	Profile
Philipp Gebhardt	Director Relations	Profile
Peter Schneider	Chief Board	Profile

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