Veritone Correlations

VERI Stock

USD 2.71 0.01 0.37%

The current 90-days correlation between Veritone and Aurora Mobile is 0.04 (i.e., Significant diversification). The correlation of Veritone 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.

Veritone Correlation With Market

Significant diversification

The correlation between Veritone and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veritone and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.

Moving together with Veritone Stock

0.71	VHAI	VHAI	Pair Corr
0.67	VRNS	Varonis Systems	Pair Corr
0.85	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.76	OLB	OLB Group Tech Boost	Pair Corr

Moving against Veritone Stock

0.77	NN	Nextnav Acquisition Corp	Pair Corr
0.73	FIVN	Five9 Inc	Pair Corr
0.69	DLO	Dlocal	Pair Corr
0.65	FTNT	Fortinet	Pair Corr
0.64	FLYW	Flywire Corp Sell-off Trend	Pair Corr
0.58	CETXP	Cemtrex Pref	Pair Corr
0.57	DBX	Dropbox	Pair Corr
0.55	VRNT	Verint Systems	Pair Corr
0.52	EVCM	EverCommerce	Pair Corr
0.51	EXOD	Exodus Movement,	Pair Corr
0.47	GEN	Gen Digital	Pair Corr
0.41	EVTC	Evertec	Pair Corr
0.36	ZS	Zscaler	Pair Corr
0.31	GB	Global Blue Group	Pair Corr
0.76	GDDY	Godaddy	Pair Corr
0.68	WIX	WixCom	Pair Corr
0.61	GTLB	Gitlab Inc	Pair Corr
0.61	HPAI	Helport AI Limited	Pair Corr
0.59	NET	Cloudflare	Pair Corr
0.54	SWI	SolarWinds Corp	Pair Corr
0.51	ZUO	Zuora Inc	Pair Corr
0.51	ZENA	ZenaTech	Pair Corr

Related Correlations Analysis

	BLIN	IRNT	JG	RVYL	GB	CLBT	ZUO	STER	SQSP	APPN
BLIN		-0.52	-0.02	-0.31	0.91	0.77	0.18	0.71	0.73	-0.24	BLIN
IRNT	-0.52		-0.17	0.33	-0.6	-0.69	-0.28	-0.74	-0.8	-0.25	IRNT
JG	-0.02	-0.17		-0.01	0.06	0.19	0.17	0.16	0.21	0.08	JG
RVYL	-0.31	0.33	-0.01		-0.48	-0.53	-0.35	-0.54	-0.54	-0.28	RVYL
GB	0.91	-0.6	0.06	-0.48		0.87	0.31	0.8	0.81	-0.16	GB
CLBT	0.77	-0.69	0.19	-0.53	0.87		0.36	0.84	0.87	-0.02	CLBT
ZUO	0.18	-0.28	0.17	-0.35	0.31	0.36		0.39	0.43	0.37	ZUO
STER	0.71	-0.74	0.16	-0.54	0.8	0.84	0.39		0.89	0.28	STER
SQSP	0.73	-0.8	0.21	-0.54	0.81	0.87	0.43	0.89		0.12	SQSP
APPN	-0.24	-0.25	0.08	-0.28	-0.16	-0.02	0.37	0.28	0.12		APPN
	BLIN	IRNT	JG	RVYL	GB	CLBT	ZUO	STER	SQSP	APPN

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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

GB	+ 0.91	BLIN
SQSP	+ 0.89	STER
CLBT	+ 0.87	GB
SQSP	+ 0.87	CLBT
STER	+ 0.84	CLBT
SQSP	+ 0.81	GB

High negative correlations

SQSP	- 0.8	IRNT
STER	- 0.74	IRNT
CLBT	- 0.69	IRNT
GB	- 0.6	IRNT
SQSP	- 0.54	RVYL
STER	- 0.54	RVYL

Risk-Adjusted Indicators

There is a big difference between Veritone Stock performing well and Veritone 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 Veritone'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
BLIN	4.31	0.76	0.13	(1.25)	4.66	(5.84)	16.00	(9.20)	45.75
IRNT	7.07	(0.62)	0.00	(10.23)	0.00	0.00	11.76	(13.04)	72.73
JG	5.67	0.32	0.04	0.21	6.92	(6.56)	12.35	(14.67)	60.68
RVYL	7.21	0.01	0.00	0.01	7.80	(9.53)	13.33	(11.57)	51.59
GB	2.25	0.61	0.19	6.39	2.67	(2.47)	4.77	(4.49)	22.78
CLBT	1.56	0.38	0.20	0.44	1.47	(1.81)	4.31	(1.84)	14.27
ZUO	0.35	0.16	0.72	2.86	0.00	(0.53)	0.40	(0.30)	6.23
STER	0.66	0.09	0.09	0.95	0.93	(0.71)	1.77	(1.22)	7.04
SQSP	0.22	0.08	0.34	3.75	0.00	(0.25)	0.73	(0.29)	2.09
APPN	2.11	0.14	0.05	0.30	2.55	(2.14)	4.73	(3.78)	13.16

Veritone Corporate Management

Fleming Meng	Chief Officer	Profile
Jonathan Gacek	Legal Gov	Profile
Michael Zemetra	Chief Officer	Profile
Matthew OConnor	Chief Solutions	Profile
John Newsom	Ex VP	Profile

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