Value Line Correlations

VALU Stock

USD 51.83 0.51 0.99%

The current 90-days correlation between Value Line and Dun Bradstreet Holdings is -0.01 (i.e., Good diversification). The correlation of Value Line 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.

Value Line Correlation With Market

Modest diversification

The correlation between Value Line and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Line and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Value Line. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Value Stock please use our How to Invest in Value Line guide.

Moving together with Value Stock

0.79	CME	CME Group	Pair Corr
0.84	FDS	FactSet Research Systems	Pair Corr
0.88	MORN	Morningstar	Pair Corr
0.62	MSCI	MSCI Inc	Pair Corr
0.83	NDAQ	Nasdaq Inc	Pair Corr
0.76	COIN	Coinbase Global	Pair Corr
0.81	C	Citigroup Aggressive Push	Pair Corr
0.75	V	Visa Class A	Pair Corr
0.82	DIST	Distoken Acquisition	Pair Corr
0.87	AB	AllianceBernstein	Pair Corr
0.89	AC	Associated Capital	Pair Corr
0.64	AX	Axos Financial	Pair Corr
0.94	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.63	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.92	CG	Carlyle Group	Pair Corr
0.81	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.72	GL	Globe Life	Pair Corr
0.83	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.84	LC	LendingClub Corp	Pair Corr
0.76	LX	Lexinfintech Holdings	Pair Corr
0.9	MA	Mastercard	Pair Corr

Moving against Value Stock

0.85	MKTW	Marketwise	Pair Corr
0.38	CBOE	Cboe Global Markets Low Volatility	Pair Corr
0.32	SPGI	SP Global	Pair Corr
0.85	IX	Orix Corp Ads	Pair Corr
0.74	WU	Western Union	Pair Corr
0.69	XP	Xp Inc	Pair Corr
0.67	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr
0.64	RM	Regional Management Corp	Pair Corr
0.58	PT	Pintec Technology	Pair Corr
0.52	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.51	WF	Woori Financial Group	Pair Corr
0.47	EG	Everest Group	Pair Corr

Related Correlations Analysis

	DNB	FDS	MCO	MSCI	ICE	MORN	NDAQ	CME	SPGI
DNB		0.15	0.17	0.08	-0.76	0.16	0.48	-0.07	-0.15	DNB
FDS	0.15		-0.18	0.47	-0.17	0.8	0.82	0.77	0.02	FDS
MCO	0.17	-0.18		-0.12	0.13	-0.17	-0.16	-0.41	0.74	MCO
MSCI	0.08	0.47	-0.12		0.19	0.75	0.35	0.62	0.01	MSCI
ICE	-0.76	-0.17	0.13	0.19		0.02	-0.35	0.17	0.3	ICE
MORN	0.16	0.8	-0.17	0.75	0.02		0.71	0.74	-0.11	MORN
NDAQ	0.48	0.82	-0.16	0.35	-0.35	0.71		0.67	-0.27	NDAQ
CME	-0.07	0.77	-0.41	0.62	0.17	0.74	0.67		-0.17	CME
SPGI	-0.15	0.02	0.74	0.01	0.3	-0.11	-0.27	-0.17		SPGI
	DNB	FDS	MCO	MSCI	ICE	MORN	NDAQ	CME	SPGI

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

NDAQ	+ 0.82	FDS
MORN	+ 0.8	FDS
CME	+ 0.77	FDS
MORN	+ 0.75	MSCI
SPGI	+ 0.74	MCO
CME	+ 0.74	MORN

High negative correlations

ICE	- 0.76	DNB
CME	- 0.41	MCO
NDAQ	- 0.35	ICE
SPGI	- 0.27	NDAQ
MCO	- 0.18	FDS
SPGI	- 0.17	CME

Risk-Adjusted Indicators

There is a big difference between Value Stock performing well and Value Line 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 Value Line'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
DNB	1.14	0.06	(0.01)	0.28	1.22	(1.18)	2.67	(1.83)	11.15
FDS	0.90	0.18	0.14	0.38	0.80	(1.01)	2.25	(1.45)	7.46
MCO	0.80	(0.05)	(0.10)	0.00	1.17	(0.82)	1.61	(1.74)	6.89
MSCI	0.95	0.04	(0.04)	0.26	1.14	(0.99)	1.97	(1.89)	5.72
ICE	0.74	(0.03)	(0.08)	0.03	1.45	(0.68)	1.45	(1.37)	8.00
MORN	0.88	0.06	0.04	0.20	0.90	(0.98)	1.81	(1.58)	10.23
NDAQ	0.78	0.13	0.09	0.34	0.77	(0.88)	1.86	(1.73)	5.20
CME	0.73	0.15	0.02	(1.55)	0.69	(0.80)	1.58	(1.44)	4.17
SPGI	0.76	(0.02)	(0.07)	0.09	1.00	(0.79)	1.45	(1.44)	5.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC