Volkswagen Correlations
| VLKAF Stock | USD 108.73 2.81 2.65% |
The current 90-days correlation between Volkswagen AG and Bayerische Motoren Werke is 0.17 (i.e., Average diversification). The correlation of Volkswagen 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.
Volkswagen Correlation With Market
Average diversification
The correlation between Volkswagen AG and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volkswagen AG and DJI in the same portfolio, assuming nothing else is changed.
Volkswagen |
The ability to find closely correlated positions to Volkswagen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Volkswagen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Volkswagen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Volkswagen AG to buy it.
Moving together with Volkswagen Pink Sheet
| 0.99 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.88 | MBGAF | Mercedes Benz Group Earnings Call This Week | PairCorr |
| 0.88 | MBGYY | Mercedes Benz Group Earnings Call This Week | PairCorr |
| 0.91 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.99 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.67 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.62 | SMSI | Smith Micro Software Earnings Call This Week | PairCorr |
| 0.81 | ETON | Eton Pharmaceuticals | PairCorr |
| 0.85 | OKTA | Okta Inc | PairCorr |
| 0.83 | SKYX | SKYX Platforms Corp | PairCorr |
| 0.82 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.71 | DSVSF | Discovery Metals Corp | PairCorr |
| 0.64 | RTX | Raytheon Technologies | PairCorr |
| 0.73 | 90331HPL1 | US BANK NATIONAL | PairCorr |
| 0.72 | GS | Goldman Sachs Group | PairCorr |
| 0.65 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.75 | HSAI | Hesai Group American | PairCorr |
Moving against Volkswagen Pink Sheet
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Volkswagen Pink Sheet performing well and Volkswagen 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 Volkswagen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYMOF | 0.72 | (0.39) | 0.00 | (1.78) | 0.00 | 0.00 | 13.40 | |||
| HNDAF | 2.16 | 0.06 | 0.02 | 0.09 | 2.62 | 4.90 | 15.94 | |||
| POAHF | 1.60 | 0.03 | 0.01 | (0.40) | 2.04 | 3.28 | 8.20 | |||
| BAMXF | 1.88 | 0.24 | 0.09 | (1.01) | 2.21 | 4.21 | 12.61 | |||
| POAHY | 1.17 | (0.01) | 0.00 | (0.05) | 1.69 | 2.66 | 7.00 | |||
| VWAGY | 1.24 | 0.23 | 0.14 | 0.86 | 1.30 | 2.84 | 7.26 | |||
| BMWYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MBGYY | 1.18 | 0.21 | 0.12 | 1.24 | 1.37 | 2.84 | 6.73 | |||
| MBGAF | 1.30 | 0.21 | 0.14 | 1.15 | 1.39 | 3.03 | 7.12 | |||
| VWAPY | 1.20 | 0.23 | 0.14 | 0.72 | 1.34 | 2.35 | 7.82 |
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Volkswagen Corporate Management
| Ralf Brandstatter | Member Division | Profile | |
| Markus Duesmann | Member Management | Profile | |
| Thomas Schafer | CEO Brand | Profile | |
| Gunnar Kilian | Truck HR | Profile | |
| Manfred Doss | Member Board | Profile | |
| Hiltrud Werner | Member of the Management Board | Profile |