Via Transportation Correlations

VIA Stock

USD 27.81 1.20 4.14%

The current 90-days correlation between Via Transportation and Compass is 0.02 (i.e., Significant 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

Weak diversification

The correlation between Via Transportation and DJI is 0.3 (i.e., Weak 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

0.82	600662	Shanghai Qiangsheng	Pair Corr
0.86	KLS	Kelsian Group	Pair Corr
0.66	900903	Dazhong Transportation	Pair Corr
0.62	300923	Yeal Electric CoLtd	Pair Corr
0.67	ETS	Elite Express Holding	Pair Corr
0.78	FGP	FirstGroup PLC	Pair Corr
0.79	600611	Dazhong Transportation	Pair Corr
0.84	600834	Shanghai Shentong Metro	Pair Corr
0.77	MCG	Mobico Group Plc	Pair Corr
0.64	600561	Jiangxi Changyun	Pair Corr
0.73	605001	Qingdao Victall Railway	Pair Corr
0.7	688187	Zhuzhou CRRC Times	Pair Corr
0.84	601006	Daqin Railway	Pair Corr
0.77	603776	Changzhou Youon Pubilic	Pair Corr

Moving against Via Stock

0.87	688367	Hefei Gocom Information	Pair Corr
0.82	MTL	Mullen Group	Pair Corr
0.8	002682	Fujian Longzhou Tran	Pair Corr
0.76	LAU	Lindsay Australia	Pair Corr
0.72	AZJ	Aurizon Holdings	Pair Corr
0.7	UNP	Union Pacific	Pair Corr
0.55	CNI	Canadian National Railway	Pair Corr
0.45	NSC	Norfolk Southern	Pair Corr
0.31	CSX	CSX Corporation	Pair Corr
0.82	002627	Hubeiyichang Transportation	Pair Corr
0.56	TFII	TFI International	Pair Corr
0.55	BIMT	Bitmis Corp Tech Boost	Pair Corr
0.47	FCTI	Fact Inc	Pair Corr
0.37	CNR	Canadian National Railway	Pair Corr

Related Correlations Analysis

	COMP	NAVN	ZETA	GBTG	OS	VRNS	WK	DGNX	CLBT	FRSH
COMP		-0.67	-0.08	-0.27	0.26	-0.81	0.35	-0.83	-0.09	0.86	COMP
NAVN	-0.67		0.24	0.24	0.11	0.41	-0.31	0.58	-0.28	-0.76	NAVN
ZETA	-0.08	0.24		0.37	0.03	0.28	-0.1	0.1	0.12	0.08	ZETA
GBTG	-0.27	0.24	0.37		-0.46	0.47	-0.26	0.07	0.19	-0.09	GBTG
OS	0.26	0.11	0.03	-0.46		-0.44	0.45	-0.02	-0.58	0.01	OS
VRNS	-0.81	0.41	0.28	0.47	-0.44		-0.21	0.6	0.44	-0.56	VRNS
WK	0.35	-0.31	-0.1	-0.26	0.45	-0.21		-0.24	-0.09	0.31	WK
DGNX	-0.83	0.58	0.1	0.07	-0.02	0.6	-0.24		-0.05	-0.77	DGNX
CLBT	-0.09	-0.28	0.12	0.19	-0.58	0.44	-0.09	-0.05		0.27	CLBT
FRSH	0.86	-0.76	0.08	-0.09	0.01	-0.56	0.31	-0.77	0.27		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	+ 0.86	COMP
DGNX	+ 0.6	VRNS
DGNX	+ 0.58	NAVN
VRNS	+ 0.47	GBTG
WK	+ 0.45	OS
CLBT	+ 0.44	VRNS

High negative correlations

DGNX	- 0.83	COMP
VRNS	- 0.81	COMP
FRSH	- 0.77	DGNX
FRSH	- 0.76	NAVN
NAVN	- 0.67	COMP
CLBT	- 0.58	OS

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	2.12	0.36	0.18	0.38	1.77	(2.73)	6.32	(3.22)	12.33
NAVN	3.92	(0.29)	0.00	(0.18)	0.00	0.00	9.63	(10.70)	21.66
ZETA	2.96	(0.12)	(0.01)	0.01	4.05	(2.83)	5.76	(5.77)	28.98
GBTG	1.66	(0.16)	0.00	(0.06)	0.00	0.00	3.24	(3.82)	12.18
OS	2.67	(0.05)	(0.01)	0.01	3.35	(2.87)	5.27	(5.12)	29.57
VRNS	2.46	(0.67)	0.00	(0.46)	0.00	0.00	3.86	(3.09)	54.22
WK	1.39	0.00	(0.01)	0.05	1.65	(1.51)	3.72	(2.77)	8.92
DGNX	9.06	(1.29)	0.00	(1.01)	0.00	0.00	20.81	(20.58)	58.12
CLBT	1.98	(0.03)	0.00	0.27	0.00	0.00	3.03	(4.92)	25.88
FRSH	1.46	(0.05)	(0.03)	(0.01)	1.87	(1.66)	2.99	(2.75)	8.30

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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