Vu Dang Correlations

Stocks . Vietnam . 
Stock . Vu Dang Investment
SVD Stock   3,310  180.00  5.16%   
The current 90-days correlation between Vu Dang Investment and FIT INVEST JSC is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vu Dang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vu Dang Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vu Dang Correlation With Market

Significant diversification

The correlation between Vu Dang Investment and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vu Dang Investment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vu Dang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vu Dang 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 Vu Dang - 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 Vu Dang Investment to buy it.

Moving against SVD Stock

  0.73AME Alphanam MEPairCorr
  0.62APG APG Securities JointPairCorr
  0.48AAA An Phat PlasticPairCorr
  0.46ABS Binhthuan AgriculturePairCorr
  0.33ADS Damsan JSCPairCorr

Related Correlations Analysis

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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   
AAA
+ 0.92
ADS
ABS
+ 0.87
AAA
AME
+ 0.85
AAA
ABS
+ 0.82
ADS
AAM
+ 0.8
ABS
AAM
+ 0.78
AAA
  
High negative correlations   
APG
- 0.04
FIT

Risk-Adjusted Indicators

There is a big difference between SVD Stock performing well and Vu Dang 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 Vu Dang'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vu Dang 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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