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Correlation Between IMCO INDUSTRIES and ATT

Analyzing existing cross correlation between IMCO INDUSTRIES and ATT. You can compare the effects of market volatilities on IMCO INDUSTRIES and ATT 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 IMCO INDUSTRIES with a short position of ATT. Check out your portfolio center. Please also check ongoing floating volatility patterns of IMCO INDUSTRIES and ATT.

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Diversification Opportunities for IMCO INDUSTRIES and ATT

IMCO INDUSTRIES diversification synergy
0.0
<div class='circular--portrait-small' style='background:#FF9E01;color: white;font-size:1.1em;padding-top: 12px;;'>IMC</div>
<div class='circular--portrait-small' style='background:#8A0CCF;color: white;font-size:1.1em;padding-top: 12px;;'>ATT</div>

Pay attention - limited upside

The 3 months correlation between IMCO INDUSTRIES and ATT is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding IMCO INDUSTRIES and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and IMCO INDUSTRIES 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 IMCO INDUSTRIES are associated (or correlated) with ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of IMCO INDUSTRIES i.e. IMCO INDUSTRIES and ATT go up and down completely randomly.

Pair Corralation between IMCO INDUSTRIES and ATT

If you would invest  3,738  in ATT on January 27, 2020 and sell it today you would earn a total of  24.00  from holding ATT or generate 0.64% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

IMCO INDUSTRIES  vs.  ATT Inc

 Performance (%) 
    
  Timeline 
IMCO INDUSTRIES 
00

Risk-Adjusted Performance

Over the last 30 days IMCO INDUSTRIES has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, IMCO INDUSTRIES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
ATT 
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, ATT is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

IMCO INDUSTRIES and ATT Volatility Contrast

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