Athena Technology Correlations
| ATEK Stock | USD 11.92 0.11 0.93% |
The current 90-days correlation between Athena Technology and A SPAC II is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Athena Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athena Technology Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Athena Technology Correlation With Market
Good diversification
The correlation between Athena Technology Acquisition and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athena Technology Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Athena |
Moving against Athena Stock
| 0.56 | RC | Ready Capital Corp | PairCorr |
| 0.47 | BRACU | Broad Capital Acquisition | PairCorr |
| 0.39 | EARN | Ellington Residential | PairCorr |
| 0.6 | BRKHU | BurTech Acquisition Corp | PairCorr |
| 0.37 | GDSTW | Goldenstone Acquisition | PairCorr |
| 0.32 | DISTW | Distoken Acquisition | PairCorr |
| 0.58 | TWO | Two Harbors Investments | PairCorr |
| 0.57 | EFC | Ellington Financial | PairCorr |
Related Correlations Analysis
| 0.29 | 0.0 | 0.65 | -0.7 | 0.81 | 0.88 | ARTEU | ||
| 0.29 | 0.0 | 0.06 | -0.22 | 0.1 | 0.3 | ALSA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AOAO | ||
| 0.65 | 0.06 | 0.0 | -0.92 | 0.91 | 0.69 | AHRN | ||
| -0.7 | -0.22 | 0.0 | -0.92 | -0.89 | -0.75 | ASCB | ||
| 0.81 | 0.1 | 0.0 | 0.91 | -0.89 | 0.79 | ALOR | ||
| 0.88 | 0.3 | 0.0 | 0.69 | -0.75 | 0.79 | EMLD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Athena Stock performing well and Athena Technology 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 Athena Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARTEU | 0.13 | 0.03 | (0.23) | 2.20 | 0.00 | 0.38 | 2.27 | |||
| ALSA | 0.47 | (0.03) | (0.07) | 0.02 | 0.95 | 2.06 | 8.64 | |||
| AOAO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AHRN | 0.05 | 0.00 | (0.93) | 0.45 | 0.00 | 0.19 | 0.38 | |||
| ASCB | 0.07 | (0.04) | 0.00 | (7.12) | 0.00 | 0.00 | 1.88 | |||
| ALOR | 0.09 | 0.04 | 0.00 | 3.86 | 0.00 | 0.38 | 1.06 | |||
| EMLD | 0.23 | 0.05 | (0.18) | (0.82) | 0.05 | 0.75 | 3.05 |
Athena Technology Corporate Executives
Elected by the shareholders, the Athena Technology's board of directors comprises two types of representatives: Athena Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Athena. The board's role is to monitor Athena Technology's management team and ensure that shareholders' interests are well served. Athena Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Athena Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jennifer CarrSmith | COO Consumer | Profile |