Velo3D Correlations

Stocks . USA . 
Stock . Velo3D
VELO Stock  USD 20.10  0.08  0.40%   
The current 90-days correlation between Velo3D and Hanover Foods is -0.07 (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

Very weak diversification

The correlation between Velo3D and DJI is 0.54 (i.e., Very weak 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.
  
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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 industry.
To learn how to invest in Velo3D Stock, please use our How to Invest in Velo3D guide.

Moving together with Velo3D Stock

  0.82CG Carlyle Group Normal TradingPairCorr
  0.7NP Neptune InsurancePairCorr
  0.77VINP Vinci Partners InvesPairCorr
  0.65SII Sprott IncPairCorr
  0.84LBS Life Banc Split SplitPairCorr
  0.73SMT Scottish MortgagePairCorr
  0.8WI Western InvestmentPairCorr
  0.61ACQ Acorn Capital InvestmentPairCorr
  0.74FINS Angel Oak FinancialPairCorr
  0.69GEGGL Great Elm GroupPairCorr
  0.88DGS Dividend Growth SplitPairCorr
  0.85AMG Affiliated ManagersPairCorr
  0.79AMP Ameriprise FinancialPairCorr
  0.71APO Apollo Global Management Sell-off TrendPairCorr

Moving against Velo3D Stock

  0.72IPX Impax Asset ManagementPairCorr
  0.67KUR-H Kure Technologies Earnings Call TodayPairCorr
  0.37WTL WT Financial GroupPairCorr
  0.36PNI Pinnacle InvestmentPairCorr
  0.51SOLI-P Solid Impact InvestmentsPairCorr

Related Correlations Analysis


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

SFD
+ 0.51
TBBB
STBFY
+ 0.01
HNFSA
ABVG
+ 0.0
HNFSA
FIFG
+ 0.0
HNFSA
ABVG
+ 0.0
MX
FIFG
+ 0.0
MX
  

High negative correlations

SFD
- 0.39
STBFY
TBBB
- 0.28
STBFY
TBBB
- 0.22
MX
STBFY
- 0.22
MX
SFD
- 0.11
HNFSA
TBBB
- 0.09
HNFSA

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.

Velo3D Corporate Management

Adrian CoveyCEO DirectorProfile
Garrett SchreiberChief OfficerProfile
Darren BeckettChief OfficerProfile
Judge GrahamChief OfficerProfile
Michelle SidwellChief OfficerProfile
Doug JacobCoFounderProfile
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