Value Line Correlations

VALU Stock

USD 38.07 0.08 0.21%

The current 90-days correlation between Value Line and Southern First Bancshares is 0.41 (i.e., Very weak 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

Weak diversification

The correlation between Value Line and DJI is 0.34 (i.e., Weak 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.

Build AI portfolio with Value Stock

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 board of governors.

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

Moving together with Value Stock

0.62	FDS	FactSet Research Systems	Pair Corr
0.65	GLGDF	GoGold Resources	Pair Corr

Moving against Value Stock

0.38	CME	CME Group	Pair Corr
0.35	LFIN	LongFin Corp	Pair Corr
0.32	ASX	ASX	Pair Corr
0.61	PBCRY	Bank Central Asia	Pair Corr
0.51	CBOE	Cboe Global Markets	Pair Corr
0.43	BKRKF	PT Bank Rakyat	Pair Corr
0.35	BKRKY	Bank Rakyat	Pair Corr
0.33	PTAIY	Astra International Tbk	Pair Corr

Related Correlations Analysis

	SFST	RWAY	DHIL	USCB	SAR	PBFS	ATLC	WTBA	BWFG	PDLB
SFST		-0.7	0.34	0.92	0.43	0.83	0.52	0.93	0.92	0.94	SFST
RWAY	-0.7		-0.17	-0.64	0.06	-0.51	-0.2	-0.62	-0.5	-0.63	RWAY
DHIL	0.34	-0.17		0.58	0.36	0.71	0.71	0.33	0.5	0.57	DHIL
USCB	0.92	-0.64	0.58		0.42	0.91	0.65	0.9	0.92	0.95	USCB
SAR	0.43	0.06	0.36	0.42		0.38	0.65	0.33	0.59	0.44	SAR
PBFS	0.83	-0.51	0.71	0.91	0.38		0.7	0.82	0.86	0.9	PBFS
ATLC	0.52	-0.2	0.71	0.65	0.65	0.7		0.49	0.73	0.64	ATLC
WTBA	0.93	-0.62	0.33	0.9	0.33	0.82	0.49		0.88	0.88	WTBA
BWFG	0.92	-0.5	0.5	0.92	0.59	0.86	0.73	0.88		0.93	BWFG
PDLB	0.94	-0.63	0.57	0.95	0.44	0.9	0.64	0.88	0.93		PDLB
	SFST	RWAY	DHIL	USCB	SAR	PBFS	ATLC	WTBA	BWFG	PDLB

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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

PDLB	+ 0.95	USCB
PDLB	+ 0.94	SFST
WTBA	+ 0.93	SFST
PDLB	+ 0.93	BWFG
USCB	+ 0.92	SFST
BWFG	+ 0.92	SFST

High negative correlations

RWAY	- 0.7	SFST
USCB	- 0.64	RWAY
PDLB	- 0.63	RWAY
WTBA	- 0.62	RWAY
PBFS	- 0.51	RWAY
BWFG	- 0.5	RWAY

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
SFST	1.34	0.17	0.12	0.22	1.35	(1.72)	3.53	(2.14)	10.52
RWAY	0.98	(0.23)	0.00	(0.19)	0.00	0.00	1.92	(2.36)	6.84
DHIL	1.67	0.28	0.26	0.18	1.05	(2.20)	1.65	(2.93)	45.02
USCB	1.15	0.10	0.05	0.21	1.30	(1.23)	3.49	(2.22)	7.02
SAR	0.94	(0.10)	0.00	(0.09)	0.00	0.00	1.54	(2.38)	6.31
PBFS	0.91	0.02	(0.01)	0.10	1.09	(1.07)	2.06	(1.79)	8.41
ATLC	2.47	(0.04)	0.00	0.04	3.11	(2.41)	4.77	(4.57)	12.11
WTBA	1.27	0.11	0.07	0.18	1.50	(1.45)	2.76	(2.68)	7.97
BWFG	1.19	0.00	0.00	0.07	1.75	(1.13)	2.53	(2.63)	9.10
PDLB	1.36	0.10	0.09	0.14	1.25	(1.99)	3.45	(2.24)	9.42

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