VEF AB Correlations

VEFFF Stock

USD 0.21 0.00 0.00%

The current 90-days correlation between VEF AB and VNV Global AB is -0.02 (i.e., Good diversification). The correlation of VEF AB 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.

VEF AB Correlation With Market

Poor diversification

The correlation between VEF AB and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VEF AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VEF AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VEF AB 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 VEF AB - 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 VEF AB to buy it.

Moving together with VEF Pink Sheet

0.71	BK	Bank of New York	Pair Corr
0.61	AMP	Ameriprise Financial	Pair Corr
0.66	SLF	Sun Life Financial	Pair Corr
0.65	ESLT	Elbit Systems	Pair Corr
0.68	TSEM	Tower Semiconductor	Pair Corr
0.73	HFBA	HFB Financial Corp	Pair Corr

Moving against VEF Pink Sheet

0.33	SIGL	Signal Advance	Pair Corr
0.35	RADLF	Radial Research Corp	Pair Corr

Related Correlations Analysis

	DDWWF	VSTKF	URNAF	UBAAF	IPXAF	GMPXF	CLIUF	CESTF	TSRUF	RVRF
DDWWF		0.18	0.14	0.15	-0.06	-0.25	-0.07	0.0	-0.15	0.16	DDWWF
VSTKF	0.18		0.78	0.71	0.07	-0.53	0.36	0.0	-0.79	0.57	VSTKF
URNAF	0.14	0.78		0.73	-0.2	-0.18	0.11	0.0	-0.85	0.32	URNAF
UBAAF	0.15	0.71	0.73		-0.13	-0.23	0.02	0.0	-0.72	0.18	UBAAF
IPXAF	-0.06	0.07	-0.2	-0.13		-0.23	0.23	0.0	0.09	0.21	IPXAF
GMPXF	-0.25	-0.53	-0.18	-0.23	-0.23		-0.46	0.0	0.39	-0.73	GMPXF
CLIUF	-0.07	0.36	0.11	0.02	0.23	-0.46		0.0	-0.28	0.82	CLIUF
CESTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CESTF
TSRUF	-0.15	-0.79	-0.85	-0.72	0.09	0.39	-0.28	0.0		-0.5	TSRUF
RVRF	0.16	0.57	0.32	0.18	0.21	-0.73	0.82	0.0	-0.5		RVRF
	DDWWF	VSTKF	URNAF	UBAAF	IPXAF	GMPXF	CLIUF	CESTF	TSRUF	RVRF

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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

RVRF	+ 0.82	CLIUF
URNAF	+ 0.78	VSTKF
UBAAF	+ 0.73	URNAF
UBAAF	+ 0.71	VSTKF
RVRF	+ 0.57	VSTKF
TSRUF	+ 0.39	GMPXF

High negative correlations

TSRUF	- 0.85	URNAF
TSRUF	- 0.79	VSTKF
RVRF	- 0.73	GMPXF
TSRUF	- 0.72	UBAAF
GMPXF	- 0.53	VSTKF
RVRF	- 0.5	TSRUF

Risk-Adjusted Indicators

There is a big difference between VEF Pink Sheet performing well and VEF AB 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 VEF AB'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
DDWWF	15.27	2.06	0.08	(1.21)	14.71	(29.84)	42.48	(29.81)	86.44
VSTKF	1.01	0.55	0.00	(0.79)	0.00	0.00	0.00	0.00	33.73
URNAF	1.50	0.18	0.09	0.19	1.86	(1.72)	3.89	(3.38)	13.77
UBAAF	2.48	0.19	0.02	1.23	3.76	(3.49)	5.91	(5.31)	28.66
IPXAF	1.71	(0.05)	(0.01)	(0.02)	3.73	(5.63)	5.15	(4.90)	29.10
GMPXF	0.06	(0.01)	0.00	0.80	0.00	0.00	0.21	0.00	1.25
CLIUF	0.06	0.03	0.00	(0.27)	0.00	0.00	0.00	0.00	2.00
CESTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSRUF	0.12	(0.07)	0.00	2.31	0.00	0.00	0.00	0.00	3.87
RVRF	0.89	0.39	0.00	0.94	0.00	0.00	2.04	0.00	14.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in VEF AB 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.

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VEF AB Corporate Management

Kim Stahl	Head Accounting	Profile
Helena Mattsson	G Sustainability	Profile
ire Smith	Associate	Profile
David Nangle	MD CEO	Profile
Alexis Koumoudos	Chief Officer	Profile
Evin McKay	Investment Associate	Profile
Elisabet Hulten	Deputy CFO	Profile

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