Virtu Financial Correlations

0VF Stock

EUR 35.40 0.60 1.72%

The current 90-days correlation between Virtu Financial and Playtech plc is -0.07 (i.e., Good diversification). The correlation of Virtu Financial 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.

Virtu Financial Correlation With Market

Modest diversification

The correlation between Virtu Financial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtu Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Virtu Stock

0.88	DWD	Morgan Stanley	Pair Corr
0.89	DWD	Morgan Stanley	Pair Corr
0.9	SWG	Charles Schwab	Pair Corr
0.91	GOS	Goldman Sachs	Pair Corr
0.91	GOS	Goldman Sachs	Pair Corr
0.68	MHL	SP Global	Pair Corr
0.73	DUT	Moodys	Pair Corr
0.88	KR51	KKR Co LP	Pair Corr
0.75	3HM	MSCI Inc	Pair Corr
0.66	SVM	Sovereign Metals	Pair Corr

Moving against Virtu Stock

0.86	8VY	SCANDION ONC DK	Pair Corr
0.52	GOC	Star Diamond	Pair Corr

Related Correlations Analysis

	AS7	PL8	UR3	ALG	7E3	37H	NEB	UR3
AS7		0.78	0.58	0.73	-0.07	0.62	-0.59	0.59	AS7
PL8	0.78		0.71	0.86	0.1	0.46	-0.61	0.72	PL8
UR3	0.58	0.71		0.86	0.48	0.26	-0.8	0.98	UR3
ALG	0.73	0.86	0.86		0.19	0.32	-0.73	0.88	ALG
7E3	-0.07	0.1	0.48	0.19		-0.12	-0.42	0.49	7E3
37H	0.62	0.46	0.26	0.32	-0.12		-0.07	0.28	37H
NEB	-0.59	-0.61	-0.8	-0.73	-0.42	-0.07		-0.8	NEB
UR3	0.59	0.72	0.98	0.88	0.49	0.28	-0.8		UR3
	AS7	PL8	UR3	ALG	7E3	37H	NEB	UR3

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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

UR3	+ 0.98	UR3
UR3	+ 0.88	ALG
ALG	+ 0.86	PL8
ALG	+ 0.86	UR3
PL8	+ 0.78	AS7
ALG	+ 0.73	AS7

High negative correlations

UR3	- 0.8	NEB
NEB	- 0.8	UR3
NEB	- 0.73	ALG
NEB	- 0.61	PL8
NEB	- 0.59	AS7
NEB	- 0.42	7E3

Risk-Adjusted Indicators

There is a big difference between Virtu Stock performing well and Virtu Financial 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 Virtu Financial'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
AS7	2.91	0.41	0.13	0.82	2.63	(3.56)	7.11	(3.91)	30.04
PL8	0.98	0.14	0.05	0.43	1.08	(1.11)	2.08	(1.57)	10.06
UR3	1.62	0.19	0.15	0.23	1.46	(1.89)	3.73	(2.80)	17.97
ALG	0.37	0.14	0.00	(1.43)	0.00	0.00	0.76	(0.71)	7.88
7E3	2.36	0.29	0.08	0.52	2.64	(2.89)	6.99	(4.19)	13.90
37H	1.27	(0.13)	0.00	(0.32)	0.00	0.00	2.98	(2.69)	9.11
NEB	3.36	(0.12)	0.00	0.22	0.00	0.00	5.67	(6.19)	26.33
UR3	1.41	0.31	0.17	0.81	1.23	(1.81)	3.18	(1.92)	11.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Virtu Financial 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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Virtu Financial Corporate Management

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

Brett Fairclough	CoPres CoCOO	Profile
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