NCR Atleos Correlations

NATL Stock

28.04 0.54 1.96%

The current 90-days correlation between NCR Atleos and Artisan Partners Asset is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NCR Atleos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NCR Atleos moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NCR Atleos Correlation With Market

Very weak diversification

The correlation between NCR Atleos and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NCR Atleos and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NCR Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NCR Atleos. 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.

For more information on how to buy NCR Stock please use our How to buy in NCR Stock guide.

Moving together with NCR Stock

0.68	DV	DoubleVerify Holdings	Pair Corr
0.62	EGAN	eGain	Pair Corr
0.7	EGHT	8x8 Common Stock	Pair Corr

Moving against NCR Stock

0.54	VERX	Vertex	Pair Corr
0.31	VBIX	Viewbix Common Stock	Pair Corr
0.44	VMEO	Vimeo Inc	Pair Corr
0.41	WETO	Webus International Tech Boost	Pair Corr
0.38	HKD	AMTD Digital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GEV	APAM	AM	CNP	NSMG	PFLT	ABOS	MDXHF
GEV		0.91	0.6	-0.53	0.0	0.92	0.71	0.0	GEV
APAM	0.91		0.54	-0.53	0.0	0.9	0.66	0.0	APAM
AM	0.6	0.54		-0.17	0.0	0.42	0.02	0.0	AM
CNP	-0.53	-0.53	-0.17		0.0	-0.46	-0.49	0.0	CNP
NSMG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NSMG
PFLT	0.92	0.9	0.42	-0.46	0.0		0.78	0.0	PFLT
ABOS	0.71	0.66	0.02	-0.49	0.0	0.78		0.0	ABOS
MDXHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MDXHF
	GEV	APAM	AM	CNP	NSMG	PFLT	ABOS	MDXHF

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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

PFLT	+ 0.92	GEV
APAM	+ 0.91	GEV
PFLT	+ 0.9	APAM
ABOS	+ 0.78	PFLT
ABOS	+ 0.71	GEV
ABOS	+ 0.66	APAM

High negative correlations

CNP	- 0.53	APAM
CNP	- 0.53	GEV
ABOS	- 0.49	CNP
PFLT	- 0.46	CNP
CNP	- 0.17	AM
MDXHF	- 0.0	ABOS

Risk-Adjusted Indicators

There is a big difference between NCR Stock performing well and NCR Atleos 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 NCR Atleos' 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
GEV	1.60	0.78	0.40	1.03	1.10	(1.94)	4.15	(3.06)	11.63
APAM	1.33	0.26	0.20	0.33	1.12	(1.56)	3.48	(2.41)	7.64
AM	1.04	0.08	0.01	0.30	1.32	(1.07)	1.93	(2.18)	7.98
CNP	0.78	(0.03)	(0.13)	0.01	0.97	(0.84)	1.48	(1.81)	4.96
NSMG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFLT	0.85	0.14	0.07	0.37	0.92	(0.95)	1.89	(1.60)	5.26
ABOS	4.03	0.49	0.09	0.73	4.23	(5.18)	7.69	(7.44)	29.86
MDXHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NCR Atleos Corporate Management

LaShawne Meriwether	Executive Officer	Profile
Stuart MacKinnon	Executive Officer	Profile
Patricia Watson	Chief Officer	Profile
Daniel Antilley	Chief Officer	Profile
Andrew DuVall	Chief Officer	Profile
Andrew Wamser	Chief Officer	Profile

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