Visa Correlations

V Stock  MXN 7,188  19.17  0.27%   
The current 90-days correlation between Visa Inc and GMxico Transportes SAB is -0.05 (i.e., Good diversification). The correlation of Visa 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.

Visa Correlation With Market

VisaDowDiversified AwayVisaDowDiversified Away100%

Average diversification

The correlation between Visa Inc and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Visa Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Visa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Visa 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 Visa - 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 Visa Inc to buy it.

Moving together with Visa Stock

  0.63TMN Toyota MotorPairCorr
  0.91JPM JPMorgan ChasePairCorr
  0.66SBUX StarbucksPairCorr
  0.77VESTA Corporacin Inmobiliaria Earnings Call TomorrowPairCorr
  0.83COF Capital One FinancialPairCorr

Moving against Visa Stock

  0.63SMSNN Samsung ElectronicsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GMXTSTORAGE18
VZCOST
STORAGE18GISSAA
COSTSTORAGE18
COSTGMXT
VZGISSAA
  
High negative correlations   
VZSTORAGE18
VZGMXT
GMXTGISSAA
COSTGISSAA
VZATSG
COSTATSG

Risk-Adjusted Indicators

There is a big difference between Visa Stock performing well and Visa 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 Visa'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 Visa 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.

Did you try this?

Run Options Analysis Now

   

Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
All  Next Launch Module