American Tower Correlations

T1OW34 Stock

BRL 48.88 1.86 3.96%

The current 90-days correlation between American Tower and Capital One Financial is 0.05 (i.e., Significant diversification). The correlation of American Tower 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.

The ability to find closely correlated positions to American Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Tower 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 American Tower - 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 American Tower to buy it.

Moving together with American Stock

0.61	C1CI34	Crown Castle Interna	Pair Corr
0.69	PPLA11	PPLA Participations	Pair Corr
0.75	SPTW11	Sp Downtown Fundo	Pair Corr

Moving against American Stock

0.48	VISA34	Visa Inc	Pair Corr
0.47	GGBR3	Gerdau SA	Pair Corr
0.45	HONB34	Honeywell International	Pair Corr
0.44	CAON34	Capital One Financial	Pair Corr
0.52	TSLA34	Tesla Inc	Pair Corr
0.5	P2LT34	Palantir Technologies	Pair Corr
0.49	MSBR34	Morgan Stanley	Pair Corr
0.47	SSFO34	salesforce inc	Pair Corr
0.46	AMZO34	Amazon Inc	Pair Corr
0.45	PSSA3	Porto Seguro SA	Pair Corr
0.35	AIRB34	Airbnb Inc	Pair Corr
0.35	COWC34	Costco Wholesale	Pair Corr
0.32	WALM34	Walmart	Pair Corr

Related Correlations Analysis

	T2DH34	U2ST34	T1TW34	CAON34	EAIN34	CVSH34	UNHH34
T2DH34		0.8	0.85	0.85	0.86	0.04	0.57	T2DH34
U2ST34	0.8		0.73	0.71	0.7	-0.08	0.19	U2ST34
T1TW34	0.85	0.73		0.98	0.96	-0.33	0.42	T1TW34
CAON34	0.85	0.71	0.98		0.95	-0.3	0.41	CAON34
EAIN34	0.86	0.7	0.96	0.95		-0.15	0.57	EAIN34
CVSH34	0.04	-0.08	-0.33	-0.3	-0.15		0.49	CVSH34
UNHH34	0.57	0.19	0.42	0.41	0.57	0.49		UNHH34
	T2DH34	U2ST34	T1TW34	CAON34	EAIN34	CVSH34	UNHH34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CAON34	+ 0.98	T1TW34
EAIN34	+ 0.96	T1TW34
EAIN34	+ 0.95	CAON34
EAIN34	+ 0.86	T2DH34
T1TW34	+ 0.85	T2DH34
CAON34	+ 0.85	T2DH34

High negative correlations

CVSH34	- 0.33	T1TW34
CVSH34	- 0.3	CAON34
CVSH34	- 0.15	EAIN34
CVSH34	- 0.08	U2ST34

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Tower 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 American Tower'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
T2DH34	3.43	0.26	0.07	0.26	3.38	(4.36)	10.53	(5.81)	23.23
U2ST34	3.11	0.35	0.09	0.60	3.26	(3.58)	7.26	(5.84)	22.58
T1TW34	1.19	0.46	0.26	(6.54)	1.21	(1.35)	2.94	(2.33)	12.15
CAON34	1.34	0.60	0.23	(8.71)	0.00	(4.26)	5.00	(1.39)	18.60
EAIN34	1.03	0.27	0.20	(2.58)	0.96	(1.21)	2.37	(1.78)	5.69
CVSH34	2.16	(0.20)	0.00	(0.21)	0.00	0.00	4.74	(5.42)	23.09
UNHH34	1.79	0.02	0.00	0.13	2.94	(1.55)	2.83	(5.11)	11.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Tower 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.

Did you try this?

Run FinTech Suite Now

FinTech Suite

Use AI to screen and filter profitable investment opportunities

All Next

Launch Module

American Tower Corporate Management

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

Thomas CPA	CEO Pres	Profile
Steven JD	Ex Division	Profile
Edward Knapp	VP CTO	Profile
Sanjay Goel	Ex AsiaPacific	Profile
Edmund Esq	Chief VP	Profile
CPA Meyer	VP Officer	Profile
Adam Smith	VP Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC