Volkswagen Correlations

VLKPF Stock

USD 98.55 0.01 0.01%

The current 90-days correlation between Volkswagen AG VZO and Volkswagen AG Pref is 0.57 (i.e., Very weak 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

Good diversification

The correlation between Volkswagen AG VZO and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volkswagen AG VZO and DJI in the same portfolio, assuming nothing else is changed.

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 VZO to buy it.

Moving together with Volkswagen Pink Sheet

0.94	VWAGY	Volkswagen AG 110	Pair Corr
0.71	MBGAF	Mercedes Benz Group	Pair Corr
0.72	MBGYY	Mercedes Benz Group	Pair Corr
0.95	VWAPY	Volkswagen AG Pref	Pair Corr
0.93	VLKAF	Volkswagen AG	Pair Corr
0.62	ISRMF	iShares MSCI	Pair Corr

Moving against Volkswagen Pink Sheet

0.64	GOOD	Gladstone Commercial	Pair Corr
0.55	SLMNP	A Schulman	Pair Corr
0.44	AMPH	Amphastar P	Pair Corr
0.39	268317AC8	EDF 695 26	Pair Corr
0.37	MRLWF	Marlowe plc	Pair Corr
0.73	FDP	Fresh Del Monte	Pair Corr
0.54	UPST	Upstart Holdings	Pair Corr
0.52	TGNA	Tegna Inc	Pair Corr
0.51	CRVL	CorVel Corp	Pair Corr
0.49	DNOW	Now Inc	Pair Corr
0.49	MSTR	MicroStrategy Incorporated Earnings Call This Week	Pair Corr
0.49	ORCL	Oracle	Pair Corr
0.45	TPVG	Triplepoint Venture	Pair Corr
0.43	SMID	Smith Midland Corp	Pair Corr
0.4	BAC	Bank of America Sell-off Trend	Pair Corr
0.35	BTCM	BIT Mining	Pair Corr
0.34	BCML	BayCom Corp Normal Trading	Pair Corr

Related Correlations Analysis

	VWAPY	MBGYY	BYMOF	HNDAF	BAMXF	VLKAF	BMWYY	YAMHF	TOYOF	POAHY
VWAPY		0.79	0.42	0.64	0.58	0.99	-0.29	0.0	0.19	0.66	VWAPY
MBGYY	0.79		0.55	0.55	0.49	0.82	0.21	0.02	-0.14	0.73	MBGYY
BYMOF	0.42	0.55		0.46	0.15	0.41	0.24	-0.03	-0.22	0.52	BYMOF
HNDAF	0.64	0.55	0.46		0.32	0.62	-0.21	-0.34	0.31	0.59	HNDAF
BAMXF	0.58	0.49	0.15	0.32		0.57	-0.27	0.4	0.32	0.34	BAMXF
VLKAF	0.99	0.82	0.41	0.62	0.57		-0.22	0.02	0.18	0.69	VLKAF
BMWYY	-0.29	0.21	0.24	-0.21	-0.27	-0.22		0.14	-0.81	0.11	BMWYY
YAMHF	0.0	0.02	-0.03	-0.34	0.4	0.02	0.14		-0.21	0.09	YAMHF
TOYOF	0.19	-0.14	-0.22	0.31	0.32	0.18	-0.81	-0.21		-0.05	TOYOF
POAHY	0.66	0.73	0.52	0.59	0.34	0.69	0.11	0.09	-0.05		POAHY
	VWAPY	MBGYY	BYMOF	HNDAF	BAMXF	VLKAF	BMWYY	YAMHF	TOYOF	POAHY

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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

VLKAF	+ 0.99	VWAPY
VLKAF	+ 0.82	MBGYY
MBGYY	+ 0.79	VWAPY
POAHY	+ 0.73	MBGYY
POAHY	+ 0.69	VLKAF
POAHY	+ 0.66	VWAPY

High negative correlations

TOYOF	- 0.81	BMWYY
YAMHF	- 0.34	HNDAF
BMWYY	- 0.29	VWAPY
BMWYY	- 0.27	BAMXF
BMWYY	- 0.22	VLKAF
TOYOF	- 0.22	BYMOF

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
VWAPY	1.18	0.10	0.01	1.11	1.68	(1.18)	2.22	(2.63)	6.07
MBGYY	1.32	0.03	(0.02)	0.82	2.29	(1.22)	2.68	(2.54)	9.12
BYMOF	0.25	(0.08)	0.00	0.23	0.00	0.00	0.00	0.00	7.73
HNDAF	2.43	(0.03)	0.00	0.20	0.00	0.00	5.81	(5.98)	21.32
BAMXF	1.82	0.04	(0.02)	(0.48)	2.11	(2.12)	4.21	(3.44)	10.15
VLKAF	1.07	0.07	(0.01)	0.64	1.57	(1.12)	2.23	(2.57)	5.82
BMWYY	1.63	0.22	0.04	10.56	2.92	(1.56)	2.95	(3.74)	8.99
YAMHF	1.27	0.02	(0.03)	0.02	2.03	(2.05)	2.91	(4.55)	13.31
TOYOF	1.40	0.18	0.04	(0.99)	1.50	(1.57)	2.45	(2.89)	12.74
POAHY	1.23	(0.09)	0.00	(0.39)	0.00	0.00	2.22	(2.47)	9.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Volkswagen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

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