VP Bank Correlations

3VFN Stock

EUR 81.50 0.50 0.61%

The current 90-days correlation between VP Bank AG and Jacquet Metal Service is 0.05 (i.e., Significant diversification). The correlation of VP Bank 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.

VP Bank Correlation With Market

Good diversification

The correlation between VP Bank AG and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VP Bank AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 3VFN Stock

0.61	APC	Apple Inc	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.71	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.73	MSF	Microsoft	Pair Corr

Moving against 3VFN Stock

0.5	BNPH	BNP PARIBAS ADR	Pair Corr
0.49	BNP	BNP Paribas SA	Pair Corr
0.47	LLD	Lloyds Banking Group	Pair Corr
0.47	XCA	Crdit Agricole SA	Pair Corr
0.37	LLD2	Lloyds Banking Group	Pair Corr
0.35	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	CRIN	UniCredit SpA	Pair Corr

Related Correlations Analysis

	NY7	SC3	I43	US8	LY1	GG7	FCW3	20V
NY7		0.83	0.13	-0.47	-0.58	-0.39	0.47	0.93	NY7
SC3	0.83		0.07	-0.48	-0.6	-0.31	0.49	0.84	SC3
I43	0.13	0.07		0.51	0.28	0.23	-0.25	0.19	I43
US8	-0.47	-0.48	0.51		0.65	0.35	-0.45	-0.45	US8
LY1	-0.58	-0.6	0.28	0.65		0.47	-0.68	-0.53	LY1
GG7	-0.39	-0.31	0.23	0.35	0.47		-0.08	-0.38	GG7
FCW3	0.47	0.49	-0.25	-0.45	-0.68	-0.08		0.42	FCW3
20V	0.93	0.84	0.19	-0.45	-0.53	-0.38	0.42		20V
	NY7	SC3	I43	US8	LY1	GG7	FCW3	20V

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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

20V	+ 0.93	NY7
20V	+ 0.84	SC3
SC3	+ 0.83	NY7
LY1	+ 0.65	US8
US8	+ 0.51	I43
FCW3	+ 0.49	SC3

High negative correlations

FCW3	- 0.68	LY1
LY1	- 0.6	SC3
LY1	- 0.58	NY7
20V	- 0.53	LY1
US8	- 0.48	SC3
US8	- 0.47	NY7

Risk-Adjusted Indicators

There is a big difference between 3VFN Stock performing well and VP Bank 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 VP Bank'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
NY7	1.14	0.28	0.13	2.52	1.06	(1.29)	2.85	(2.02)	12.16
SC3	1.69	0.25	0.14	0.36	1.62	(2.18)	3.88	(2.76)	13.17
I43	1.13	0.20	0.05	(2.80)	1.24	(1.29)	2.99	(2.44)	7.95
US8	2.59	0.20	0.01	(0.48)	3.12	(3.11)	5.66	(4.22)	20.89
LY1	2.48	(0.23)	0.00	(0.11)	0.00	0.00	5.26	(5.88)	16.67
GG7	1.56	0.03	(0.03)	0.48	2.00	(1.77)	3.17	(3.93)	11.91
FCW3	1.98	0.11	0.02	0.45	2.05	(2.34)	4.17	(3.68)	15.02
20V	1.14	0.06	0.05	0.17	1.27	(1.42)	3.03	(2.15)	9.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in VP Bank 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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VP Bank Corporate Management

Elected by the shareholders, the VP Bank's board of directors comprises two types of representatives: VP Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 3VFN. The board's role is to monitor VP Bank's management team and ensure that shareholders' interests are well served. VP Bank'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, VP Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tobias Wehrli	Head Board	Profile
Markus Reinacher	Head Risk	Profile
Stefan Znd	Head Services	Profile
Patrick Bont	Group Board	Profile
Daniela Jenni	Head Communications	Profile
Thomas Hohenhau	Head Board	Profile

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