ATS CORP Correlations
| ATS Stock | 57.90 0.51 0.87% |
The correlation of ATS CORP is a statistical measure of how it moves in relation to other equities. 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 ATS CORP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATS 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATS 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 industry. ATS |
The ability to find closely correlated positions to ATS 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 ATS 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 ATS 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 ATS CORP to buy it.
Moving together with ATS Stock
Moving against ATS Stock
Related Correlations Analysis
JPM | BOFA | TD | RY-PM | RY | RY-PJ | ||
JPM | 0.9 | 0.95 | 0.75 | 0.78 | 0.7 | JPM | |
BOFA | 0.9 | 0.87 | 0.79 | 0.91 | 0.77 | BOFA | |
TD | 0.95 | 0.87 | 0.69 | 0.73 | 0.64 | TD | |
RY-PM | 0.75 | 0.79 | 0.69 | 0.73 | 0.92 | RY-PM | |
RY | 0.78 | 0.91 | 0.73 | 0.73 | 0.81 | RY | |
RY-PJ | 0.7 | 0.77 | 0.64 | 0.92 | 0.81 | RY-PJ | |
JPM | BOFA | TD | RY-PM | RY | RY-PJ |
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Risk-Adjusted Indicators
There is a big difference between ATS Stock performing well and ATS 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 ATS 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| JPM | 0.78 | 0.11 | 0.11 | 0.10 | 0.86 | 0.11 | (0.81) | 1.95 | (1.16) | 6.06 |
| BOFA | 1.04 | 0.00 | 0.00 | (0.03) | 0.00 | (0.0009) | 0.00 | 2.07 | (1.96) | 7.26 |
| TD | 0.77 | 0.08 | 0.08 | 0.07 | 1.03 | 0.09 | (0.78) | 1.49 | (1.43) | 4.73 |
| RY-PM | 0.72 | (0.04) | 0.00 | (0.13) | 0.00 | (0.0197) | 0.00 | 1.63 | (1.75) | 10.00 |
| RY | 0.64 | (0.04) | 0.00 | (0.10) | 0.00 | (0.0349) | 0.00 | 1.23 | (1.30) | 3.53 |
| RY-PJ | 0.61 | (0.03) | 0.00 | (0.22) | 0.00 | (0.0127) | 0.00 | 1.33 | (1.30) | 5.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ATS 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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ATS CORP Corporate Management
Elected by the shareholders, the ATS CORP's board of directors comprises two types of representatives: ATS CORP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ATS. The board's role is to monitor ATS CORP's management team and ensure that shareholders' interests are well served. ATS 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, ATS CORP's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joe Metri | Chief Officer | Profile | |
| Andrew Hider | CEO Director | Profile | |
| Stewart McCuaig | Gen VP | Profile | |
| Angella Alexander | Chief Officer | Profile | |
| Ryan McLeod | Chief Officer | Profile | |
| Udo Panenka | Pres Automation | Profile | |
| David MBA | Head Relations | Profile |
Already Invested in ATS CORP?
The danger of trading ATS 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 ATS 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 ATS CORP. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ATS 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 ATS 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 industry. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for ATS Stock analysis
When running ATS CORP's price analysis, check to measure ATS 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 ATS CORP is operating at the current time. Most of ATS CORP's value examination focuses on studying past and present price action to predict the probability of ATS 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 ATS CORP's price. Additionally, you may evaluate how the addition of ATS CORP to your portfolios can decrease your overall portfolio volatility.
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