ATIF Holdings Correlations

ZBAI Stock

1.05 0.02 1.87%

The current 90-days correlation between ATIF Holdings Limited and NetSol Technologies is -0.26 (i.e., Very good diversification). The correlation of ATIF Holdings 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.

ATIF Holdings Correlation With Market

Good diversification

The correlation between ATIF Holdings Limited and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATIF Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ATIF Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ATIF Stock

0.61

FUFUW

BitFuFu Warrant

Pair Corr

Moving against ATIF Stock

0.65	RJF-PB	Raymond James Financial	Pair Corr
0.62	MS-PE	Morgan Stanley Earnings Call This Week	Pair Corr
0.52	SCHW-PD	Charles Schwab Earnings Call This Week	Pair Corr
0.52	MS-PO	Morgan Stanley Earnings Call This Week	Pair Corr
0.51	MS-PF	Morgan Stanley Earnings Call This Week	Pair Corr
0.47	SCHW-PJ	Charles Schwab Earnings Call This Week	Pair Corr
0.43	MS-PK	Morgan Stanley Earnings Call This Week	Pair Corr
0.43	MS-PP	Morgan Stanley Earnings Call This Week	Pair Corr
0.41	SF-PD	Stifel Financial Corp	Pair Corr
0.4	MS-PL	Morgan Stanley Earnings Call This Week	Pair Corr
0.31	SF-PB	Stifel Financial Corp	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.51	BK	Bank of New York Earnings Call This Week	Pair Corr
0.42	MER-PK	Merrill Lynch Capital	Pair Corr
0.41	AB	AllianceBernstein	Pair Corr
0.39	AC	Associated Capital	Pair Corr
0.36	L	Loews Corp	Pair Corr

Related Correlations Analysis

	NTWK	UBER	ADI	CDNS	QTWO	ASUR	USIO	NXPL
NTWK		-0.29	0.28	0.86	0.86	0.78	0.75	0.65	NTWK
UBER	-0.29		0.35	-0.35	-0.29	-0.02	-0.31	-0.38	UBER
ADI	0.28	0.35		0.09	0.31	0.4	0.24	0.32	ADI
CDNS	0.86	-0.35	0.09		0.9	0.72	0.79	0.64	CDNS
QTWO	0.86	-0.29	0.31	0.9		0.68	0.66	0.64	QTWO
ASUR	0.78	-0.02	0.4	0.72	0.68		0.79	0.53	ASUR
USIO	0.75	-0.31	0.24	0.79	0.66	0.79		0.76	USIO
NXPL	0.65	-0.38	0.32	0.64	0.64	0.53	0.76		NXPL
	NTWK	UBER	ADI	CDNS	QTWO	ASUR	USIO	NXPL

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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

QTWO	+ 0.9	CDNS
CDNS	+ 0.86	NTWK
QTWO	+ 0.86	NTWK
USIO	+ 0.79	CDNS
USIO	+ 0.79	ASUR
ASUR	+ 0.78	NTWK

High negative correlations

NXPL	- 0.38	UBER
CDNS	- 0.35	UBER
USIO	- 0.31	UBER
QTWO	- 0.29	UBER
UBER	- 0.29	NTWK
ASUR	- 0.02	UBER

Risk-Adjusted Indicators

There is a big difference between ATIF Stock performing well and ATIF Holdings 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 ATIF Holdings' 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
NTWK	1.61	(0.16)	0.00	(0.45)	0.00	0.00	3.08	(4.08)	11.29
UBER	2.13	0.35	0.11	0.14	2.89	(2.01)	4.72	(4.21)	16.03
ADI	1.94	0.00	0.00	(0.18)	0.00	0.00	2.77	(4.25)	19.11
CDNS	1.92	(0.15)	0.00	(0.30)	0.00	0.00	2.72	(6.05)	12.93
QTWO	2.18	(0.23)	0.00	(0.31)	0.00	0.00	3.46	(5.97)	14.06
ASUR	2.33	0.16	0.00	(0.03)	0.00	0.00	4.04	(6.13)	21.20
USIO	4.45	0.24	0.05	0.07	4.80	(5.95)	8.97	(7.84)	51.62
NXPL	4.57	(0.33)	0.00	(3.28)	0.00	0.00	7.63	(9.57)	84.81

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