VEEA Correlations

VEEA Stock

2.52 0.03 1.20%

The current 90-days correlation between VEEA and Broadridge Financial Solutions is -0.22 (i.e., Very good diversification). The correlation of VEEA 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.

VEEA Correlation With Market

Good diversification

The correlation between VEEA and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VEEA 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 VEEA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade VEEA Stock refer to our How to Trade VEEA Stock guide.

Moving against VEEA Stock

0.35	FI	Fiserv,	Pair Corr
0.34	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.32	WEBB	Web Global Holdings	Pair Corr
0.31	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.47	GLOB	Globant SA	Pair Corr
0.43	GDYN	Grid Dynamics Holdings	Pair Corr
0.41	WYY	Widepoint C Trending	Pair Corr
0.35	UIS	Unisys	Pair Corr
0.39	SLNHP	Soluna Holdings Preferred	Pair Corr
0.38	ARBB	ARB IOT Group	Pair Corr
0.33	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.31	PSCO	ProtoSource	Pair Corr

Related Correlations Analysis

	BR	FI	IT	KD	DMRC	DTST	VNET	EPAM	ACN
BR		0.85	0.76	0.87	0.51	0.51	0.5	0.77	0.67	BR
FI	0.85		0.77	0.77	0.79	0.3	0.52	0.59	0.63	FI
IT	0.76	0.77		0.57	0.6	0.41	0.61	0.5	0.73	IT
KD	0.87	0.77	0.57		0.49	0.53	0.3	0.88	0.41	KD
DMRC	0.51	0.79	0.6	0.49		0.19	0.21	0.32	0.48	DMRC
DTST	0.51	0.3	0.41	0.53	0.19		0.06	0.68	0.11	DTST
VNET	0.5	0.52	0.61	0.3	0.21	0.06		0.14	0.6	VNET
EPAM	0.77	0.59	0.5	0.88	0.32	0.68	0.14		0.22	EPAM
ACN	0.67	0.63	0.73	0.41	0.48	0.11	0.6	0.22		ACN
	BR	FI	IT	KD	DMRC	DTST	VNET	EPAM	ACN

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Risk-Adjusted Indicators

There is a big difference between VEEA Stock performing well and VEEA 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 VEEA'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
BR	0.68	0.08	0.02	0.27	0.57	(0.79)	1.66	(1.26)	5.12
FI	0.81	0.30	0.38	0.48	0.13	(1.05)	1.97	(1.09)	5.13
IT	0.80	0.00	0.00	0.12	1.06	(0.75)	1.37	(2.06)	7.23
KD	1.68	0.36	0.26	0.34	1.15	(2.03)	3.41	(2.98)	15.71
DMRC	2.56	0.11	0.07	0.19	2.60	(3.04)	6.40	(3.89)	21.19
DTST	3.25	0.02	0.02	0.13	5.62	(3.40)	7.47	(5.84)	43.14
VNET	5.07	1.09	0.18	1.27	5.43	(6.13)	12.10	(9.11)	34.50
EPAM	1.54	0.20	0.15	0.28	1.24	(1.81)	4.20	(2.49)	18.82
ACN	1.02	0.04	0.01	0.18	1.52	(1.05)	1.72	(2.20)	10.10

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VEEA Correlations

VEEA Correlation With Market

Good diversification

Moving against VEEA Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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