Atlas Energy Correlations
| AESI Stock | 14.01 0.58 4.32% |
The current 90-days correlation between Atlas Energy Solutions and Archrock is -0.22 (i.e., Very good diversification). The correlation of Atlas Energy 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Atlas Energy Correlation With Market
Weak diversification
The correlation between Atlas Energy Solutions and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlas Energy Solutions and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Atlas Stock
| 0.77 | WTTR | Select Energy Services | PairCorr |
| 0.73 | CLB | Core Laboratories | PairCorr |
| 0.64 | FET | Forum Energy Technologies Earnings Call This Week | PairCorr |
| 0.79 | HAL | Halliburton | PairCorr |
| 0.67 | NOV | NOV Inc | PairCorr |
| 0.72 | XPRO | Expro Group Holdings Earnings Call This Week | PairCorr |
| 0.81 | RES | RPC Inc | PairCorr |
| 0.68 | SLB | Schlumberger NV | PairCorr |
| 0.81 | INVX | Innovex International, Earnings Call This Week | PairCorr |
| 0.65 | LBRT | Liberty Oilfield Services Upward Rally | PairCorr |
| 0.62 | NESRW | National Energy Services | PairCorr |
Moving against Atlas Stock
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
|
Risk-Adjusted Indicators
There is a big difference between Atlas Stock performing well and Atlas Energy 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 Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AROC | 1.96 | (0.10) | 0.00 | (0.23) | 0.00 | 2.96 | 17.14 | |||
| LBRT | 2.78 | (0.11) | 0.00 | 0.14 | 3.18 | 6.30 | 15.48 | |||
| ACDC | 4.35 | 0.73 | 0.14 | 1.14 | 4.48 | 10.60 | 27.14 | |||
| EFXT | 1.41 | 0.15 | 0.06 | 0.39 | 1.43 | 3.29 | 8.45 | |||
| KLXE | 5.45 | 0.20 | 0.03 | 0.43 | 6.15 | 17.98 | 43.62 | |||
| NXT | 2.58 | 0.56 | 0.20 | 0.94 | 2.11 | 6.83 | 18.67 | |||
| TXO | 0.97 | (0.17) | 0.00 | (0.33) | 0.00 | 1.66 | 16.37 | |||
| SKWD | 1.67 | (0.28) | 0.00 | (0.04) | 0.00 | 2.60 | 13.82 | |||
| MLYS | 2.41 | 0.11 | (0.06) | (0.04) | 3.20 | 4.38 | 12.76 |
Atlas Energy Corporate Management
| Kirk Ginn | Senio Officer | Profile | |
| Hunter Wallace | Former Officer | Profile | |
| Dathan Voelter | General Secretary | Profile | |
| Kyle Turlington | Vice Relations | Profile | |
| Shaam Farooq | Vice Technology | Profile | |
| Jeffrey Allison | Executive Marketing | Profile | |
| Brian Leveille | Vice Finance | Profile |