Atlas Corp Correlations
| ATCO-PH Preferred Stock | USD 24.13 0.04 0.17% |
The correlation of Atlas Corp 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Corp 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.
Good diversification
The correlation between Atlas Corp and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Corp and NYA in the same portfolio, assuming nothing else is changed.
Atlas |
The ability to find closely correlated positions to Atlas Corp 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 Corp 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 Corp - 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 Corp to buy it.
Moving together with Atlas Preferred Stock
| 0.73 | WT | WisdomTree | PairCorr |
| 0.81 | VCTR | Victory Capital Holdings Normal Trading | PairCorr |
| 0.67 | GCMGW | GCM Grosvenor | PairCorr |
| 0.65 | OCCIN | OFS Credit | PairCorr |
| 0.74 | ATCO-PD | Atlas Corp | PairCorr |
Moving against Atlas Preferred Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Atlas Preferred Stock performing well and Atlas Corp 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 Corp'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Atlas Corp 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.Did you try this?
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Atlas Corp Corporate Management
Elected by the shareholders, the Atlas Corp's board of directors comprises two types of representatives: Atlas Corp 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 Corp's management team and ensure that shareholders' interests are well served. Atlas Corp'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 Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew LLB | Gen Sec | Profile | |
| Gabrielle Smith | Director HR | Profile | |
| Will Kostlivy | Investor Officer | Profile | |
| Krista Yeung | VP Tax | Profile | |
| Sarah Pybus | Associate Officer | Profile | |
| Graham Talbot | Chief Officer | Profile | |
| Torsten Pedersen | Chief Officer | Profile |
Already Invested in Atlas Corp?
The danger of trading Atlas Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Atlas Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Atlas Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Atlas Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Atlas Preferred Stock please use our How to Invest in Atlas Corp guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Atlas Preferred Stock analysis
When running Atlas Corp's price analysis, check to measure Atlas Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlas Corp is operating at the current time. Most of Atlas Corp's value examination focuses on studying past and present price action to predict the probability of Atlas Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Corp's price. Additionally, you may evaluate how the addition of Atlas Corp to your portfolios can decrease your overall portfolio volatility.
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