ATEME SA Correlations

ATEME Stock

EUR 4.79 0.54 12.71%

The current 90-days correlation between ATEME SA and Ekinops SA is -0.07 (i.e., Good diversification). The correlation of ATEME SA 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.

ATEME SA Correlation With Market

Significant diversification

The correlation between ATEME SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATEME SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ATEME SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATEME SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ATEME SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ATEME SA to buy it.

Moving together with ATEME Stock

0.87

ADOC

Adocia

Pair Corr

Moving against ATEME Stock

0.7	ALALO	Acheter Louer Split	Pair Corr
0.47	ALAGP	Agripower France	Pair Corr
0.37	BAIN	Bains Mer Monaco	Pair Corr

Related Correlations Analysis

	CRI	STMN	MTU	CB3	3LLV	ADOT	EKI	ORAP	EWLD
CRI		0.55	0.37	-0.05	0.65	-0.39	-0.36	-0.61	-0.79	CRI
STMN	0.55		0.51	0.06	0.34	-0.45	0.16	-0.02	-0.46	STMN
MTU	0.37	0.51		-0.53	0.13	-0.58	0.02	-0.37	-0.4	MTU
CB3	-0.05	0.06	-0.53		-0.22	0.65	0.0	0.34	0.29	CB3
3LLV	0.65	0.34	0.13	-0.22		-0.58	-0.3	-0.46	-0.72	3LLV
ADOT	-0.39	-0.45	-0.58	0.65	-0.58		-0.18	0.27	0.67	ADOT
EKI	-0.36	0.16	0.02	0.0	-0.3	-0.18		0.67	0.29	EKI
ORAP	-0.61	-0.02	-0.37	0.34	-0.46	0.27	0.67		0.59	ORAP
EWLD	-0.79	-0.46	-0.4	0.29	-0.72	0.67	0.29	0.59		EWLD
	CRI	STMN	MTU	CB3	3LLV	ADOT	EKI	ORAP	EWLD

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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

EWLD	+ 0.67	ADOT
ORAP	+ 0.67	EKI
3LLV	+ 0.65	CRI
ADOT	+ 0.65	CB3
EWLD	+ 0.59	ORAP
STMN	+ 0.55	CRI

High negative correlations

EWLD	- 0.79	CRI
EWLD	- 0.72	3LLV
ORAP	- 0.61	CRI
ADOT	- 0.58	3LLV
ADOT	- 0.58	MTU
CB3	- 0.53	MTU

Risk-Adjusted Indicators

There is a big difference between ATEME Stock performing well and ATEME SA 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 ATEME SA'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
CRI	1.28	(0.37)	0.00	(0.79)	0.00	0.00	2.27	(4.27)	9.52
STMN	1.50	(0.11)	0.00	1.12	0.00	0.00	3.28	(2.99)	12.01
MTU	1.49	(0.34)	0.00	(0.54)	0.00	0.00	3.69	(2.80)	9.28
CB3	0.24	0.03	(0.36)	(2.06)	0.15	(0.26)	0.45	(0.37)	1.42
3LLV	5.06	(0.05)	0.00	0.15	0.00	0.00	10.40	(11.88)	44.50
ADOT	3.68	0.97	0.26	0.77	2.48	(6.12)	9.68	(5.34)	38.86
EKI	1.80	(0.06)	0.00	(0.07)	0.00	0.00	4.95	(4.19)	16.76
ORAP	0.40	0.13	0.00	(7.30)	0.23	(1.23)	0.34	(0.31)	8.35
EWLD	0.56	0.11	0.02	0.69	0.46	(0.64)	1.33	(1.12)	4.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in ATEME SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ATEME SA Corporate Management

Elected by the shareholders, the ATEME SA's board of directors comprises two types of representatives: ATEME SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ATEME. The board's role is to monitor ATEME SA's management team and ensure that shareholders' interests are well served. ATEME SA'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, ATEME SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mickael Raulet	Chief Officer	Profile
Joseph Soueidi	Chief Officer	Profile
Fabrice Sana	Chief Officer	Profile
Stphanie Pignal	VP HR	Profile
Eunsook Wi	Head Office	Profile

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