Fathom Digital Correlations

FATH Stock  USD 4.41  0.06  1.38%   
The correlation of Fathom Digital 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 Fathom Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fathom Digital Manufacturing 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 Fathom Digital Manufacturing and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fathom Digital Manufacturing and NYA in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fathom Digital Manufacturing. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
  
The ability to find closely correlated positions to Fathom Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fathom Digital 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 Fathom Digital - 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 Fathom Digital Manufacturing to buy it.

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Related Correlations Analysis

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DZSI
VIAV
VISL
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0.680.740.12
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DZSI
0.680.53-0.12
DZSI
VIAV
0.740.53-0.33
VIAV
VISL
0.12-0.12-0.33
VISL
UI
DZSI
VIAV
VISL
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   
VIAVUI
DZSIUI
VIAVDZSI
VISLUI
  
High negative correlations   
VISLVIAV
VISLDZSI

Risk-Adjusted Indicators

There is a big difference between Fathom Stock performing well and Fathom Digital 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 Fathom Digital'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 Fathom Digital 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.

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Fathom Digital Corporate Management

Elected by the shareholders, the Fathom Digital's board of directors comprises two types of representatives: Fathom Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fathom. The board's role is to monitor Fathom Digital's management team and ensure that shareholders' interests are well served. Fathom Digital'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, Fathom Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in Fathom Digital Manufacturing?

The danger of trading Fathom Digital Manufacturing 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 Fathom Digital 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 Fathom Digital. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fathom Digital Manuf 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.
When determining whether Fathom Digital Manuf offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fathom Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fathom Digital Manufacturing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fathom Digital Manufacturing Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fathom Digital Manufacturing. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Fathom Digital's price analysis, check to measure Fathom Digital'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 Fathom Digital is operating at the current time. Most of Fathom Digital's value examination focuses on studying past and present price action to predict the probability of Fathom Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fathom Digital's price. Additionally, you may evaluate how the addition of Fathom Digital to your portfolios can decrease your overall portfolio volatility.
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Is Fathom Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fathom Digital. If investors know Fathom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fathom Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.89)
Earnings Share
(17.56)
Revenue Per Share
40.998
Quarterly Revenue Growth
(0.22)
Return On Assets
(0.02)
The market value of Fathom Digital Manuf is measured differently than its book value, which is the value of Fathom that is recorded on the company's balance sheet. Investors also form their own opinion of Fathom Digital's value that differs from its market value or its book value, called intrinsic value, which is Fathom Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fathom Digital's market value can be influenced by many factors that don't directly affect Fathom Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fathom Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fathom Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fathom Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.