Velo3D Correlations

VELO Stock

USD 9.31 0.26 2.87%

The current 90-days correlation between Velo3D and Suntory Beverage Food is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velo3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velo3D moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Velo3D Correlation With Market

Poor diversification

The correlation between Velo3D and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velo3D and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Velo3D Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Velo3D. 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.

To learn how to invest in Velo3D Stock, please use our How to Invest in Velo3D guide.

Moving together with Velo3D Stock

0.64	TXG	Terex	Pair Corr
0.7	K34	Konecranes Plc	Pair Corr
0.61	MTW	Manitowoc	Pair Corr
0.61	TEX	Terex	Pair Corr
0.63	MNGN	Manitowoc	Pair Corr
0.82	X5Q	COMER INDS SPA	Pair Corr

Moving against Velo3D Stock

0.53	ALH	Alliance Laundry Holdings	Pair Corr
0.4	RPM	RPM Automotive Group Earnings Call Tomorrow	Pair Corr
0.36	GP	GreenPower Motor	Pair Corr
0.6	GWPD	GP Solutions	Pair Corr
0.43	FLD	Fold Holdings Class	Pair Corr
0.43	HCAI	Huachen AI Parking	Pair Corr

Related Correlations Analysis

	JDDSF	BBDA	LFLS	WLFC	CRHKF	ATGN	FREGP	STBFY
JDDSF		0.0	0.74	-0.45	-0.01	0.1	0.35	-0.21	JDDSF
BBDA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BBDA
LFLS	0.74	0.0		-0.64	-0.05	0.33	0.37	-0.49	LFLS
WLFC	-0.45	0.0	-0.64		0.11	-0.79	-0.89	0.65	WLFC
CRHKF	-0.01	0.0	-0.05	0.11		-0.21	-0.06	-0.13	CRHKF
ATGN	0.1	0.0	0.33	-0.79	-0.21		0.67	-0.31	ATGN
FREGP	0.35	0.0	0.37	-0.89	-0.06	0.67		-0.68	FREGP
STBFY	-0.21	0.0	-0.49	0.65	-0.13	-0.31	-0.68		STBFY
	JDDSF	BBDA	LFLS	WLFC	CRHKF	ATGN	FREGP	STBFY

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

LFLS	+ 0.74	JDDSF
FREGP	+ 0.67	ATGN
STBFY	+ 0.65	WLFC
FREGP	+ 0.37	LFLS
FREGP	+ 0.35	JDDSF
ATGN	+ 0.33	LFLS

High negative correlations

FREGP	- 0.89	WLFC
ATGN	- 0.79	WLFC
STBFY	- 0.68	FREGP
WLFC	- 0.64	LFLS
STBFY	- 0.49	LFLS
WLFC	- 0.45	JDDSF

Risk-Adjusted Indicators

There is a big difference between Velo3D Stock performing well and Velo3D 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 Velo3D'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
JDDSF	0.39	(0.19)	0.00	(0.32)	0.00	0.00	0.00	0.00	12.59
BBDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LFLS	0.85	(0.32)	0.00	0.25	0.00	0.00	0.00	0.00	28.57
WLFC	2.22	0.58	0.26	0.37	2.05	(2.50)	5.42	(3.74)	11.06
CRHKF	0.21	0.11	0.00	(0.41)	0.00	0.00	0.00	0.00	7.01
ATGN	2.56	(0.29)	0.00	0.44	0.00	0.00	5.00	(5.77)	34.04
FREGP	0.70	(0.17)	0.00	(0.87)	0.00	0.00	1.32	(4.35)	12.27
STBFY	0.93	(0.08)	0.00	(0.06)	0.00	0.00	2.05	(2.08)	10.16

Velo3D Corporate Management

Adrian Covey	CEO Director	Profile
Garrett Schreiber	Chief Officer	Profile
Darren Beckett	Chief Officer	Profile
Judge Graham	Chief Officer	Profile
Michelle Sidwell	Chief Officer	Profile
Doug Jacob	CoFounder	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC