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

Very poor diversification

The correlation between VEF AB and DJI is 0.8 (i.e., Very 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

0.65	BLK	BlackRock	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.7	APO	Apollo Global Management Earnings Call Today	Pair Corr
0.71	IVSBF	Investor AB ser	Pair Corr
0.68	IVSXF	Investor AB	Pair Corr
0.86	AMP	Ameriprise Financial	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.7	MRK	Merck Company Aggressive Push	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.72	DD	Dupont De Nemours Earnings Call Today	Pair Corr

Moving against VEF Pink Sheet

0.67	FSTF	First State Financial	Pair Corr
0.31	ERHE	ERHC Energy	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.34	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DDWWF	VSTKF	URNAF	UBAAF	IPXAF	GMPXF	CLIUF	CESTF	TSRUF	RVRF
DDWWF		0.09	0.14	0.17	-0.08	-0.09	0.0	0.0	-0.14	0.02	DDWWF
VSTKF	0.09		0.83	0.83	-0.33	-0.89	0.0	0.0	-0.72	0.61	VSTKF
URNAF	0.14	0.83		0.85	-0.59	-0.67	0.0	0.0	-0.9	0.74	URNAF
UBAAF	0.17	0.83	0.85		-0.54	-0.78	0.0	0.0	-0.85	0.68	UBAAF
IPXAF	-0.08	-0.33	-0.59	-0.54		0.27	0.0	0.0	0.7	-0.61	IPXAF
GMPXF	-0.09	-0.89	-0.67	-0.78	0.27		0.0	0.0	0.6	-0.38	GMPXF
CLIUF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CLIUF
CESTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CESTF
TSRUF	-0.14	-0.72	-0.9	-0.85	0.7	0.6	0.0	0.0		-0.81	TSRUF
RVRF	0.02	0.61	0.74	0.68	-0.61	-0.38	0.0	0.0	-0.81		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

UBAAF	+ 0.85	URNAF
URNAF	+ 0.83	VSTKF
UBAAF	+ 0.83	VSTKF
RVRF	+ 0.74	URNAF
TSRUF	+ 0.7	IPXAF
RVRF	+ 0.68	UBAAF

High negative correlations

TSRUF	- 0.9	URNAF
GMPXF	- 0.89	VSTKF
TSRUF	- 0.85	UBAAF
RVRF	- 0.81	TSRUF
GMPXF	- 0.78	UBAAF
TSRUF	- 0.72	VSTKF

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	11.43	1.38	0.06	1.08	12.07	(26.64)	37.06	(27.04)	72.29
VSTKF	1.01	0.55	0.00	(0.87)	0.00	0.00	0.00	0.00	33.73
URNAF	1.47	0.27	0.11	0.30	2.01	(1.60)	3.89	(3.38)	13.77
UBAAF	1.98	0.29	0.06	1.80	3.03	(2.57)	5.60	(3.85)	19.40
IPXAF	1.61	(0.10)	0.00	0.01	0.00	0.00	2.87	(6.42)	46.84
GMPXF	0.06	(0.01)	0.00	2.18	0.00	0.00	0.21	0.00	1.25
CLIUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CESTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSRUF	0.22	(0.13)	0.00	46.51	0.00	0.00	0.00	0.00	3.87
RVRF	0.79	0.39	0.00	2.54	0.00	0.00	0.00	0.00	12.50

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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