Correlation Between ATOSS SOFTWARE and Markel

Can any of the company-specific risk be diversified away by investing in both ATOSS SOFTWARE and Markel at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining ATOSS SOFTWARE and Markel into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ATOSS SOFTWARE and Markel, you can compare the effects of market volatilities on ATOSS SOFTWARE and Markel and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ATOSS SOFTWARE with a short position of Markel. Check out your portfolio center. Please also check ongoing floating volatility patterns of ATOSS SOFTWARE and Markel.

Diversification Opportunities for ATOSS SOFTWARE and Markel

0.54

Correlation Coefficient

ATOSS SOFTWARE  Markel

Very weak diversification

The 3 months correlation between ATOSS and Markel is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding ATOSS SOFTWARE and Markel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Markel and ATOSS SOFTWARE is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ATOSS SOFTWARE are associated (or correlated) with Markel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Markel has no effect on the direction of ATOSS SOFTWARE i.e., ATOSS SOFTWARE and Markel go up and down completely randomly.

Pair Corralation between ATOSS SOFTWARE and Markel

Assuming the 90 days trading horizon ATOSS SOFTWARE is expected to generate 1.43 times less return on investment than Markel. In addition to that, ATOSS SOFTWARE is 1.09 times more volatile than Markel. It trades about 0.06 of its total potential returns per unit of risk. Markel is currently generating about 0.09 per unit of volatility. If you would invest  157,700  in Markel on April 23, 2025 and sell it today you would earn a total of  12,300  from holding Markel or generate 7.8% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

ATOSS SOFTWARE  vs.  Markel

ATOSS SOFTWARE

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in ATOSS SOFTWARE are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, ATOSS SOFTWARE is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Markel

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Markel are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Markel may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with ATOSS SOFTWARE and Markel

The main advantage of trading using opposite ATOSS SOFTWARE and Markel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ATOSS SOFTWARE position performs unexpectedly, Markel can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Markel will offset losses from the drop in Markel's long position.

The idea behind ATOSS SOFTWARE and Markel pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.