ATT Correlations
| T Stock | USD 24.58 0.28 1.15% |
The current 90-days correlation between ATT Inc and Bim Birlesik Magazalar is -0.01 (i.e., Good diversification). The correlation of ATT 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.
ATT Correlation With Market
Average diversification
The correlation between ATT Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ATT Stock
| 0.86 | VZ | Verizon Communications | PairCorr |
| 0.81 | CHT | Chunghwa Telecom | PairCorr |
| 0.8 | IOTR | iOThree Limited Ordinary | PairCorr |
| 0.68 | 002929 | Runjian Communication | PairCorr |
Moving against ATT Stock
| 0.68 | TEO | Telecom Argentina | PairCorr |
| 0.41 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.79 | ALFNF | Alfen NV | PairCorr |
| 0.77 | PTAIY | Astra International Tbk | PairCorr |
| 0.73 | DVLT | Datavault AI Symbol Change | PairCorr |
| 0.72 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.63 | AGX | Argan Inc | PairCorr |
| 0.63 | GSISF | Genesis Minerals | PairCorr |
| 0.55 | PUTKY | United Tractors Tbk | PairCorr |
| 0.55 | FULC | Fulcrum Therapeutics Trending | PairCorr |
| 0.54 | RL | Ralph Lauren Corp | PairCorr |
| 0.52 | SVNLY | Svenska Handelsbanken | PairCorr |
| 0.51 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.49 | PKX | POSCO Holdings | PairCorr |
| 0.36 | EC | Ecopetrol SA ADR | PairCorr |
| 0.34 | JKHY | Jack Henry Associates | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ATT Stock performing well and ATT 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 ATT'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTSX | 0.52 | 0.02 | (0.05) | 0.20 | 0.71 | 0.92 | 3.28 | |||
| LBHIX | 8.92 | 4.87 | 17.55 | (0.94) | 0.00 | 0.47 | 299.13 | |||
| VIASP | 0.41 | 0.00 | (0.10) | 0.01 | 0.60 | 0.94 | 2.95 | |||
| RRTLX | 0.22 | (0.01) | (0.15) | 0.03 | 0.27 | 0.61 | 1.37 | |||
| OSHDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SITKF | 3.59 | 0.31 | 0.07 | 0.40 | 3.75 | 8.22 | 28.16 | |||
| RWAYL | 0.14 | 0.01 | (0.26) | (0.19) | 0.12 | 0.36 | 0.89 | |||
| SEGI | 13.25 | 1.52 | 0.05 | (0.32) | 13.20 | 25.00 | 83.33 | |||
| SEGG | 5.41 | (2.12) | 0.00 | (1.02) | 0.00 | 13.67 | 49.25 | |||
| BMBRF | 0.05 | 0.02 | 0.00 | 0.92 | 0.00 | 0.00 | 0.97 |