Atlas Air Correlations
| AAWWDelisted Stock | USD 102.48 0.00 0.00% |
The correlation of Atlas Air 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlas Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Air Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Atlas Air Worldwide and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Air Worldwide and NYA in the same portfolio, assuming nothing else is changed.
Atlas |
The ability to find closely correlated positions to Atlas Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Air 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 Atlas Air - 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 Atlas Air Worldwide to buy it.
Moving together with Atlas Stock
| 0.61 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Atlas Stock performing well and Atlas Air 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 Atlas Air'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMGN | 1.15 | 0.09 | 0.03 | 0.34 | 1.22 | 2.35 | 15.61 | |||
| VMD | 2.10 | (0.50) | 0.00 | (0.22) | 0.00 | 3.99 | 13.93 | |||
| TFX | 1.31 | (0.25) | 0.00 | 5.88 | 0.00 | 2.40 | 9.51 | |||
| AMP | 0.74 | 0.12 | 0.05 | 0.59 | 0.98 | 1.38 | 5.26 | |||
| SSY | 1.89 | (0.54) | 0.00 | (29.73) | 0.00 | 2.74 | 14.50 | |||
| BOC | 1.54 | (0.08) | 0.00 | 0.76 | 0.00 | 3.46 | 11.15 | |||
| BK | 0.75 | 0.08 | 0.01 | 0.70 | 1.10 | 1.56 | 4.67 |
Atlas Air Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atlas Air stock to make a market-neutral strategy. Peer analysis of Atlas Air could also be used in its relative valuation, which is a method of valuing Atlas Air by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atlas Air Corporate Management
Elected by the shareholders, the Atlas Air's board of directors comprises two types of representatives: Atlas Air inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atlas. The board's role is to monitor Atlas Air's management team and ensure that shareholders' interests are well served. Atlas Air'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, Atlas Air's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Steen | Chief Commercial Officer and Executive VP | Profile | |
| Adam Kokas | Chief HR Officer, Executive VP, General Counsel and Secretary | Profile | |
| Richard Rolland | VP Compliance | Profile | |
| Richard Broekman | VP Devel | Profile | |
| James Forbes | Ex COO | Profile |
Still Interested in Atlas Air Worldwide?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Atlas Stock
If you are still planning to invest in Atlas Air Worldwide check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Atlas Air's history and understand the potential risks before investing.
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