Via Transportation Correlations

VIA Stock

USD 26.02 0.54 2.03%

The current 90-days correlation between Via Transportation and Navan Class A is 0.1 (i.e., Average diversification). The correlation of Via Transportation 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.

Via Transportation Correlation With Market

Excellent diversification

The correlation between Via Transportation and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Via Transportation and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Via Stock

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

For information on how to trade Via Stock refer to our How to Trade Via Stock guide.

Moving together with Via Stock

0.66	603069	Hainan Haiqi Transpo	Pair Corr
0.68	MCG	Mobico Group Plc	Pair Corr
0.68	001324	Changzhou Evergreen	Pair Corr

Moving against Via Stock

0.8	002627	Hubeiyichang Transportation	Pair Corr
0.69	002682	Fujian Longzhou Tran	Pair Corr
0.67	MTL	Mullen Group	Pair Corr
0.66	UNP	Union Pacific Earnings Call This Week	Pair Corr
0.65	TFII	TFI International	Pair Corr
0.58	NSC	Norfolk Southern Earnings Call This Week	Pair Corr
0.46	CNI	Canadian National Railway Earnings Call This Week	Pair Corr
0.38	CNR	Canadian National Railway Earnings Call This Week	Pair Corr
0.34	002357	Sichuan Fulin Transp	Pair Corr
0.33	CSX	CSX Corporation	Pair Corr
0.85	PPERF	Bank Mandiri Persero	Pair Corr
0.85	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.75	PPERY	Bank Mandiri Persero	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.7	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	TVC	Tennessee Valley Aut	Pair Corr
0.64	GIFI	Gulf Island Fabrication	Pair Corr
0.61	EC	Ecopetrol SA ADR	Pair Corr
0.59	MSRM	Mushrooms	Pair Corr
0.4	DRTS	Alpha Tau Medical	Pair Corr
0.38	CMBT	CMBTECH NV	Pair Corr

Related Correlations Analysis

	COMP	NAVN	ZETA	GBTG	OS	VRNS	WK	DGNX	CLBT	FRSH
COMP		-0.32	0.63	0.06	0.26	-0.29	-0.18	-0.92	0.1	0.27	COMP
NAVN	-0.32		0.27	0.22	0.27	0.06	-0.03	0.36	-0.29	-0.48	NAVN
ZETA	0.63	0.27		0.41	0.47	0.03	-0.17	-0.6	0.02	-0.05	ZETA
GBTG	0.06	0.22	0.41		0.04	0.26	-0.02	-0.14	0.21	0.13	GBTG
OS	0.26	0.27	0.47	0.04		0.01	0.15	-0.15	-0.2	-0.36	OS
VRNS	-0.29	0.06	0.03	0.26	0.01		-0.03	0.21	0.09	-0.26	VRNS
WK	-0.18	-0.03	-0.17	-0.02	0.15	-0.03		0.2	0.26	0.4	WK
DGNX	-0.92	0.36	-0.6	-0.14	-0.15	0.21	0.2		-0.33	-0.35	DGNX
CLBT	0.1	-0.29	0.02	0.21	-0.2	0.09	0.26	-0.33		0.64	CLBT
FRSH	0.27	-0.48	-0.05	0.13	-0.36	-0.26	0.4	-0.35	0.64		FRSH
	COMP	NAVN	ZETA	GBTG	OS	VRNS	WK	DGNX	CLBT	FRSH

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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

FRSH	+ 0.64	CLBT
ZETA	+ 0.63	COMP
OS	+ 0.47	ZETA
GBTG	+ 0.41	ZETA
FRSH	+ 0.4	WK
DGNX	+ 0.36	NAVN

High negative correlations

DGNX	- 0.92	COMP
DGNX	- 0.6	ZETA
FRSH	- 0.48	NAVN
FRSH	- 0.36	OS
FRSH	- 0.35	DGNX
CLBT	- 0.33	DGNX

Risk-Adjusted Indicators

There is a big difference between Via Stock performing well and Via Transportation 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 Via Transportation'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
COMP	2.32	0.82	0.42	1.35	1.41	(3.23)	7.28	(3.22)	14.23
NAVN	3.85	(0.47)	0.00	(0.25)	0.00	0.00	9.63	(10.70)	21.66
ZETA	3.22	0.12	0.07	0.11	3.56	(3.49)	8.32	(5.77)	28.98
GBTG	2.05	(0.26)	0.00	(0.08)	0.00	0.00	3.82	(4.10)	13.45
OS	2.89	0.46	0.15	0.34	2.57	(3.43)	6.39	(4.81)	29.57
VRNS	2.63	(0.73)	0.00	(0.50)	0.00	0.00	4.40	(2.93)	49.18
WK	1.45	(0.14)	0.00	(0.91)	0.00	0.00	3.07	(3.07)	10.41
DGNX	8.33	(3.38)	0.00	2.75	0.00	0.00	15.63	(21.43)	58.12
CLBT	2.01	(0.18)	0.00	0.58	0.00	0.00	2.73	(4.33)	25.88
FRSH	1.68	0.03	0.00	0.11	2.11	(1.79)	3.12	(3.10)	8.44

Via Transportation Corporate Management

Clara Fain	Chief Officer	Profile
Gabrielle McCaig	Chief Relations	Profile
Stephen Rabalais	Director Relations	Profile
Michael Kuznar	Head Market	Profile
Erin JD	Chief Officer	Profile

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