Veritone Correlations

VERI Stock

USD 2.83 0.17 5.67%

The current 90-days correlation between Veritone and Lesaka Technologies is 0.15 (i.e., Average 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

Very good diversification

The correlation between Veritone and DJI is -0.35 (i.e., Very good 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.

Build AI portfolio with Veritone Stock

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 real.

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

Moving together with Veritone Stock

0.88	U	Unity Software	Pair Corr
0.7	BGE	Bridge Saas	Pair Corr
0.88	BL	Blackline	Pair Corr
0.81	DT	Dynatrace Holdings LLC	Pair Corr
0.77	DV	DoubleVerify Holdings	Pair Corr
0.76	35U	PAR TECHNOLOGY DL Earnings Call This Week	Pair Corr
0.85	MQ	Marqeta	Pair Corr
0.69	PD	Pagerduty	Pair Corr
0.78	QH	Quhuo	Pair Corr
0.79	WK	Workiva	Pair Corr
0.88	DMRC	Digimarc	Pair Corr
0.75	RM	RM Plc	Pair Corr
0.66	2TY	PagerDuty	Pair Corr
0.88	DOCU	DocuSign	Pair Corr
0.63	DOMO	Domo Inc Buyout Trend	Pair Corr
0.65	1Q5	Dropbox	Pair Corr
0.76	VERX	Vertex	Pair Corr
0.81	6NCA	NCINO INC DL	Pair Corr
0.91	DSGX	Descartes Systems	Pair Corr
0.79	LY0	Lyft Inc	Pair Corr
0.78	0M5	Bill Holdings	Pair Corr
0.7	AN5	Alpha Systems	Pair Corr

Moving against Veritone Stock

0.75	60Z	UNIFIEDPOST GRP SANV Earnings Call This Week	Pair Corr
0.7	DSG	Dillistone Group PLC	Pair Corr
0.68	RNI	OXFORD METRICS LS	Pair Corr
0.65	JG	Aurora Mobile	Pair Corr
0.45	XV7	SERESCO 16	Pair Corr
0.4	TRB	Tribal Group plc	Pair Corr
0.38	LUS1	Lang Schwarz Aktieng	Pair Corr
0.69	89P	CLAVISTER HOLDING	Pair Corr
0.56	MKQ	Mitek Systems	Pair Corr
0.33	CYR	Cyan AG	Pair Corr

Related Correlations Analysis

	LSAK	GRRR	RPAY	RXT	PDYN	REKR	BKKT	MVIS	DDD	RMNI
LSAK		-0.15	0.4	-0.24	0.32	-0.51	-0.1	-0.27	0.33	-0.2	LSAK
GRRR	-0.15		-0.03	0.02	0.23	0.41	0.52	0.39	0.45	0.29	GRRR
RPAY	0.4	-0.03		0.21	-0.3	0.32	0.09	0.36	0.07	0.59	RPAY
RXT	-0.24	0.02	0.21		-0.43	0.59	0.21	0.69	-0.24	0.63	RXT
PDYN	0.32	0.23	-0.3	-0.43		-0.54	0.34	-0.43	0.76	-0.62	PDYN
REKR	-0.51	0.41	0.32	0.59	-0.54		0.49	0.84	-0.16	0.88	REKR
BKKT	-0.1	0.52	0.09	0.21	0.34	0.49		0.52	0.64	0.3	BKKT
MVIS	-0.27	0.39	0.36	0.69	-0.43	0.84	0.52		-0.06	0.83	MVIS
DDD	0.33	0.45	0.07	-0.24	0.76	-0.16	0.64	-0.06		-0.19	DDD
RMNI	-0.2	0.29	0.59	0.63	-0.62	0.88	0.3	0.83	-0.19		RMNI
	LSAK	GRRR	RPAY	RXT	PDYN	REKR	BKKT	MVIS	DDD	RMNI

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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

RMNI	+ 0.88	REKR
MVIS	+ 0.84	REKR
RMNI	+ 0.83	MVIS
DDD	+ 0.76	PDYN
MVIS	+ 0.69	RXT
DDD	+ 0.64	BKKT

High negative correlations

RMNI	- 0.62	PDYN
REKR	- 0.54	PDYN
REKR	- 0.51	LSAK
MVIS	- 0.43	PDYN
PDYN	- 0.43	RXT
PDYN	- 0.3	RPAY

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
LSAK	1.88	0.29	0.13	1.23	1.68	(2.31)	4.99	(3.01)	13.46
GRRR	4.01	(0.22)	0.00	(0.04)	0.00	0.00	9.43	(7.66)	24.43
RPAY	2.24	(0.20)	0.00	(0.07)	0.00	0.00	4.14	(5.88)	16.12
RXT	8.47	2.18	0.45	0.79	4.15	(17.77)	4.95	(8.20)	236.41
PDYN	5.44	0.21	0.07	0.14	5.27	(6.85)	13.96	(7.57)	34.34
REKR	3.12	(1.51)	0.00	(0.70)	0.00	0.00	5.13	(7.64)	16.87
BKKT	5.97	(0.85)	0.00	(0.10)	0.00	0.00	12.23	(12.18)	55.99
MVIS	3.46	(0.19)	0.00	(0.01)	0.00	0.00	7.06	(7.45)	18.98
DDD	4.06	(0.18)	0.00	0.02	4.61	(5.25)	10.55	(7.01)	26.42
RMNI	1.80	(0.17)	0.00	(0.05)	0.00	0.00	2.81	(3.41)	9.53

Veritone Corporate Management

Jonathan Gacek	General Unit	Profile
Sean King	Chief Commercial	Profile
John Newsom	Ex VP	Profile
Locke Truong	VP Monetization	Profile
Ben Ha	Sales Engineer	Profile

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