Verbund AG Correlations

OEZVY Stock

USD 16.52 0.51 3.19%

The current 90-days correlation between Verbund AG ADR and Brookfield Renewable Corp is -0.13 (i.e., Good diversification). The correlation of Verbund AG 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.

Verbund AG Correlation With Market

Good diversification

The correlation between Verbund AG ADR and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verbund AG ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Verbund Pink Sheet

0.64	EDRVF	EDP Renovaveis	Pair Corr
0.67	CLPXF	China Longyuan Power	Pair Corr

Moving against Verbund Pink Sheet

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0.78	LLYVK	Liberty Media	Pair Corr
0.78	BWXT	BWX Technologies	Pair Corr
0.77	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.76	ADSK	Autodesk	Pair Corr
0.76	CTAS	Cintas	Pair Corr
0.76	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.67	META	Meta Platforms Aggressive Push	Pair Corr
0.65	ZM	Zoom Video Communications	Pair Corr
0.62	CLPXY	China Longyuan Power Downward Rally	Pair Corr
0.62	NOG	Northern Oil Gas	Pair Corr
0.58	EXK	Endeavour Silver Corp	Pair Corr
0.58	ZG	Zillow Group	Pair Corr
0.57	DXYZ	Destiny Tech100	Pair Corr
0.57	GM	General Motors Aggressive Push	Pair Corr
0.51	SNOW	Snowflake Trending	Pair Corr
0.48	CEG	Constellation Energy Corp	Pair Corr
0.45	QUBT	Quantum Computing Trending	Pair Corr
0.37	CSTXF	CryptoStar Corp	Pair Corr
0.78	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.75	GVA	Granite Construction	Pair Corr
0.73	ALAB	Astera Labs, Common	Pair Corr
0.71	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.69	NVDA	NVIDIA	Pair Corr
0.69	SNA	Snap On	Pair Corr
0.68	ITRI	Itron Inc	Pair Corr
0.67	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.67	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	DECK	Deckers Outdoor	Pair Corr
0.64	ET	Energy Transfer LP Aggressive Push	Pair Corr

Related Correlations Analysis

	ALTNF	FNEC	TKECY	SLBCF	CWEN	BEPC	CWEN-A	NEP	AQNU
ALTNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ALTNF
FNEC	0.0		0.63	0.59	0.65	-0.41	0.57	0.73	-0.59	FNEC
TKECY	0.0	0.63		-0.06	0.31	-0.04	0.21	0.87	-0.08	TKECY
SLBCF	0.0	0.59	-0.06		0.58	-0.47	0.58	0.08	-0.75	SLBCF
CWEN	0.0	0.65	0.31	0.58		0.0	0.99	0.58	-0.58	CWEN
BEPC	0.0	-0.41	-0.04	-0.47	0.0		0.06	-0.02	0.37	BEPC
CWEN-A	0.0	0.57	0.21	0.58	0.99	0.06		0.48	-0.57	CWEN-A
NEP	0.0	0.73	0.87	0.08	0.58	-0.02	0.48		-0.17	NEP
AQNU	0.0	-0.59	-0.08	-0.75	-0.58	0.37	-0.57	-0.17		AQNU
	ALTNF	FNEC	TKECY	SLBCF	CWEN	BEPC	CWEN-A	NEP	AQNU

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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

CWEN-A	+ 0.99	CWEN
NEP	+ 0.87	TKECY
NEP	+ 0.73	FNEC
CWEN	+ 0.65	FNEC
TKECY	+ 0.63	FNEC
SLBCF	+ 0.59	FNEC

High negative correlations

AQNU	- 0.75	SLBCF
AQNU	- 0.59	FNEC
AQNU	- 0.58	CWEN
AQNU	- 0.57	CWEN-A
BEPC	- 0.47	SLBCF
BEPC	- 0.41	FNEC

Risk-Adjusted Indicators

There is a big difference between Verbund Pink Sheet performing well and Verbund AG 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 Verbund AG'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
ALTNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNEC	3.08	0.03	0.00	0.56	0.00	0.00	0.00	0.00	95.99
TKECY	4.89	(0.73)	0.00	(0.79)	0.00	0.00	11.94	(19.13)	60.44
SLBCF	3.40	1.17	0.14	(2.22)	3.14	(6.70)	10.67	(8.08)	23.33
CWEN	1.42	0.05	(0.04)	(0.06)	2.29	(1.22)	2.64	(2.89)	14.79
BEPC	1.86	0.23	0.04	(1.80)	2.09	(2.14)	4.00	(2.88)	16.90
CWEN-A	1.41	0.08	(0.03)	(0.13)	2.33	(1.19)	2.74	(2.78)	15.50
NEP	2.14	(0.61)	0.00	(0.59)	0.00	0.00	3.19	(5.54)	19.99
AQNU	1.36	(0.01)	0.00	0.14	0.00	0.00	2.49	(3.18)	8.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Verbund AG 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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Verbund AG Corporate Management

Michael MBA	CEO Board	Profile
Andreas Wollein	Head of Group Fin. and Investor Relations	Profile
Achim Kaspar	Member of the Executive Board	Profile
Corinna Tinkler	Head Communications	Profile

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