VEEA INC Correlations

Summary

The correlation of VEEA INC 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.

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Related Correlations Analysis

	FI	IT	JZ	KD	DMRC	VEEA	DTST	VNET	EPAM	ACN
FI		0.67	0.54	0.81	0.83	-0.53	0.39	0.45	0.7	0.59	FI
IT	0.67		0.39	0.44	0.55	-0.14	0.47	0.43	0.47	0.66	IT
JZ	0.54	0.39		0.37	0.18	-0.46	0.25	0.55	0.37	0.52	JZ
KD	0.81	0.44	0.37		0.64	-0.41	0.51	0.36	0.89	0.41	KD
DMRC	0.83	0.55	0.18	0.64		-0.4	0.29	0.21	0.48	0.48	DMRC
VEEA	-0.53	-0.14	-0.46	-0.41	-0.4		-0.14	-0.11	-0.38	-0.39	VEEA
DTST	0.39	0.47	0.25	0.51	0.29	-0.14		0.17	0.67	0.17	DTST
VNET	0.45	0.43	0.55	0.36	0.21	-0.11	0.17		0.19	0.49	VNET
EPAM	0.7	0.47	0.37	0.89	0.48	-0.38	0.67	0.19		0.27	EPAM
ACN	0.59	0.66	0.52	0.41	0.48	-0.39	0.17	0.49	0.27		ACN
	FI	IT	JZ	KD	DMRC	VEEA	DTST	VNET	EPAM	ACN

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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

EPAM	+ 0.89	KD
DMRC	+ 0.83	FI
KD	+ 0.81	FI
EPAM	+ 0.7	FI
IT	+ 0.67	FI
EPAM	+ 0.67	DTST

High negative correlations

VEEA	- 0.53	FI
VEEA	- 0.46	JZ
VEEA	- 0.41	KD
VEEA	- 0.4	DMRC
ACN	- 0.39	VEEA
EPAM	- 0.38	VEEA

Risk-Adjusted Indicators

There is a big difference between VEEA Stock performing well and VEEA INC 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 INC'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
FI	0.84	0.25	0.30	0.40	0.33	(1.06)	1.97	(1.10)	5.13
IT	0.79	(0.03)	(0.02)	0.09	1.04	(0.76)	1.37	(2.06)	7.23
JZ	5.20	0.27	0.03	0.46	5.92	(7.23)	13.13	(10.28)	49.08
KD	1.67	0.40	0.27	0.37	1.13	(2.00)	3.41	(2.98)	15.71
DMRC	2.45	0.18	0.08	0.24	2.56	(2.78)	6.40	(3.89)	21.19
VEEA	9.07	(0.68)	0.00	0.42	0.00	0.00	11.11	(23.71)	157.04
DTST	3.39	0.15	0.04	0.21	5.28	(3.84)	7.47	(5.84)	43.14
VNET	4.86	0.92	0.15	1.43	5.51	(5.71)	10.00	(9.11)	30.11
EPAM	1.50	0.16	0.13	0.24	1.21	(1.83)	4.20	(2.49)	18.82
ACN	0.99	0.02	(0.01)	0.14	1.49	(1.01)	1.72	(2.20)	10.10

VEEA INC Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VEEA INC stock to make a market-neutral strategy. Peer analysis of VEEA INC could also be used in its relative valuation, which is a method of valuing VEEA INC by comparing valuation metrics with similar companies.

Fiserv, Gartner Jianzhi Education Technology Kyndryl Holdings Digimarc Veea Inc Data Storage Corp VNET Group DRC EPAM Systems Accenture plc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

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VEEA INC Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

VEEA INC Related Equities

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