| AMT Stock | | | USD 224.28 0.91 0.41% |
The current 90-days correlation between American Tower Corp and Equinix is 0.34 (i.e., Weak diversification). The correlation of American Tower 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. If the correlation is 0, the equities are not correlated; they are entirely random.
American Tower Correlation With Market
Good diversification
The correlation between American Tower Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Tower Corp and DJI in the same portfolio, assuming nothing else is changed.
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