ATT Correlations

TBB Stock

USD 22.62 0.17 0.76%

The current 90-days correlation between ATT Inc and Playtika Holding Corp is 0.09 (i.e., Significant diversification). The correlation of ATT 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.

ATT Correlation With Market

Weak diversification

The correlation between ATT Inc and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ATT Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ATT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against ATT Stock

0.62	PNGM	Er Therapeutics	Pair Corr
0.58	TIGO	Millicom International	Pair Corr
0.44	NGRRF	Nagarro SE	Pair Corr
0.39	UHS	Universal Health Services	Pair Corr
0.31	NNAX	New Momentum	Pair Corr
0.56	AIRYY	Air China	Pair Corr
0.55	KNCAY	Konica Minolta	Pair Corr
0.5	CPKF	Chesapeake Finl Shs	Pair Corr
0.46	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.42	PREC	Prestige Cars Intern	Pair Corr
0.38	SWKH	SWK Holdings Corp	Pair Corr
0.37	AMQFF	Abitibi Metals Corp	Pair Corr
0.35	MTD	Mettler Toledo Inter	Pair Corr
0.35	RIBB	Ribbon Acquisition Corp	Pair Corr

Related Correlations Analysis

	PLTK	IPOOF	PRYNF	VMC	CNLFF	PASTF
PLTK		0.35	0.0	-0.33	0.7	0.0	PLTK
IPOOF	0.35		0.0	0.05	0.41	0.0	IPOOF
PRYNF	0.0	0.0		0.0	0.0	0.0	PRYNF
VMC	-0.33	0.05	0.0		-0.58	0.0	VMC
CNLFF	0.7	0.41	0.0	-0.58		0.0	CNLFF
PASTF	0.0	0.0	0.0	0.0	0.0		PASTF
	PLTK	IPOOF	PRYNF	VMC	CNLFF	PASTF

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

CNLFF	+ 0.7	PLTK
CNLFF	+ 0.41	IPOOF
IPOOF	+ 0.35	PLTK
VMC	+ 0.05	IPOOF
PRYNF	+ 0.0	PLTK
PASTF	+ 0.0	PLTK

High negative correlations

CNLFF	- 0.58	VMC
VMC	- 0.33	PLTK
PASTF	- 0.0	CNLFF
PASTF	- 0.0	VMC
PASTF	- 0.0	PRYNF
CNLFF	- 0.0	PRYNF

Risk-Adjusted Indicators

There is a big difference between ATT Stock performing well and ATT 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 ATT'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
PLTK	2.23	0.17	0.07	0.24	2.23	(2.96)	6.19	(4.24)	17.27
IPOOF	1.73	0.18	0.07	0.32	2.08	(1.74)	3.66	(2.66)	10.24
PRYNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMC	0.93	(0.02)	(0.03)	0.03	1.33	(0.91)	2.09	(2.22)	6.18
CNLFF	0.62	0.22	0.00	3.11	0.00	0.00	0.00	0.00	20.24
PASTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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