ATLASMacro by country: what moves each stock market?
ATLAS connects macro indicators and reference assets such as the S&P 500, the dollar and oil to stocks, and lets you simulate a shock to see how much each one tends to move.
What it does
The macro view shows the latest US indicators and their history, the closing prices of reference assets, the correlation between them over the last three months, and a simulator: choose a shock, for example rates up half a point, and see the estimated effect on the S&P 500, the Nasdaq and your stocks.
The country angle matters because exposure is not the same everywhere. A market full of exporters reacts to the dollar differently from one full of banks. Measuring each exchange's sensitivity makes that visible.
Worked example with live data
Real ATLAS numbers, prices as of Oct 26, 2026.
Live sample of the ride in 6 countries: the largest company of South Korea has a yearly volatility of 85% and the one from India 21%. The same macro shock lands very differently on stocks that swing this differently, which is why the simulator measures each one separately.
| Country | Stock | Currency | Yearly volatility | Beta |
|---|---|---|---|---|
| China | 601398.SHG | CNY | 22% | 0.14 |
| India | RELIANCE.NSE | INR | 21% | 0.19 |
| Hong Kong SAR China | 0700.HK | HKD | 29% | 0.74 |
| South Korea | 005930.KO | KRW | 85% | 1.55 |
| Taiwan | 2330.TW | TWD | 30% | 1.24 |
| United Kingdom | HSBA.LSE | GBP | 23% | 0.58 |
How ATLAS calculates it
Betas come from up to five years of weekly returns, regressing each asset on the S&P 500 and the chosen factor at the same time, shrinking each estimate according to its t-statistic, and reporting a standard error and a confidence level. The effect is linear: +0.5 points is twice the effect of +0.25.
All of it uses stored data; no call goes to an outside macro provider when you open the page.
Limits you should know
Betas are estimated on history and can change when the regime changes. The linear effect cannot capture thresholds or crises. Correlation is not causation.
Where it sits in the plans
Macro by country needs the Plus plan or above.
Run it on your own numbers
Create an account to use this tool with your stocks, your amounts and your horizon.
Get started →Plans from €3.99 a month.
Frequently asked questions
How do interest rates affect the stock market?
Higher rates tend to lower stock valuations, especially for growth companies, but the effect differs by sector and country. The macro simulator measures it from history.
What is a stock beta to a macro factor?
It is the typical percent change in a stock for a one-unit change in a factor, estimated from past returns.
Does the simulator predict markets?
No. It estimates a historical sensitivity, which is an input for scenario thinking, not a forecast.
Which macro data does ATLAS use?
The latest stored US indicators, the closing prices of reference assets such as the S&P 500, the dollar, oil and gold, and correlations between them.
Related tools
- World markets mapATLAS shows the world's stock markets as a heat wall and a map: which exchanges are open, how each moved, and which themes are moving them, going back a year.
- Crisis simulatorThe crisis simulator replays famous market falls on the portfolio you hold today and tells you, in dollars, how far it could fall and how long it might take to come back.
- Stock screenerThe ATLAS stock screener lets you filter US and international companies by valuation and by ATLAS's own probability, starting from ready-made ideas or from your own filters.
Stocks used in this example
Open any of them to see the full public page, with fair value, odds and a one-year chart:
Not investment advice. ATLAS estimates come from statistical models and public data; they can be wrong and past results do not predict future ones. Disclaimer