Correlation Between ATI Physical and Taboola

Can any of the company-specific risk be diversified away by investing in both ATI Physical and Taboola at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining ATI Physical and Taboola into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ATI Physical Therapy and Taboola, you can compare the effects of market volatilities on ATI Physical and Taboola 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 ATI Physical with a short position of Taboola. Check out your portfolio center. Please also check ongoing floating volatility patterns of ATI Physical and Taboola.

Diversification Opportunities for ATI Physical and Taboola

0.0

Correlation Coefficient

ATI Physical  Taboola

Pay attention - limited upside

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

Pair Corralation between ATI Physical and Taboola

If you would invest  296.00  in Taboola on April 24, 2025 and sell it today you would earn a total of  55.00  from holding Taboola or generate 18.58% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

ATI Physical Therapy  vs.  Taboola

ATI Physical Therapy

Risk-Adjusted Performance

Very Weak

Over the last 90 days ATI Physical Therapy has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable forward indicators, ATI Physical is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Taboola

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Taboola are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat inconsistent essential indicators, Taboola sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with ATI Physical and Taboola

The main advantage of trading using opposite ATI Physical and Taboola positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ATI Physical position performs unexpectedly, Taboola can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Taboola will offset losses from the drop in Taboola's long position.

The idea behind ATI Physical Therapy and Taboola pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.