Velan Correlations
| VLN Stock | CAD 14.75 0.15 1.03% |
The current 90-days correlation between Velan Inc and Gatekeeper Systems is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Velan Correlation With Market
Very good diversification
The correlation between Velan Inc and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velan Inc and DJI in the same portfolio, assuming nothing else is changed.
Velan |
The ability to find closely correlated positions to Velan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Velan 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 Velan - 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 Velan Inc to buy it.
Moving against Velan Stock
| 0.73 | CRE | Critical Elements | PairCorr |
| 0.56 | MRC | Morguard | PairCorr |
| 0.46 | NA-PG | National Bank | PairCorr |
| 0.45 | INO-UN | Inovalis Real Estate | PairCorr |
| 0.44 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.4 | DNG | Dynacor Gold Mines | PairCorr |
| 0.39 | BCE-PT | Bce Inc Pref Earnings Call Today | PairCorr |
| 0.36 | GPCC-P | Green Panda Capital | PairCorr |
| 0.36 | LIRC | Lithium Royalty Corp | PairCorr |
| 0.34 | SGR-U | Slate Grocery REIT Earnings Call This Week | PairCorr |
| 0.32 | MRT-UN | Morguard Real Estate Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 Velan Stock performing well and Velan 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 Velan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GSI | 2.42 | (0.57) | 0.00 | (10.77) | 0.00 | 5.42 | 16.24 | |||
| DYA | 2.68 | (0.53) | 0.00 | (0.52) | 0.00 | 5.88 | 16.78 | |||
| FTG | 1.88 | 0.57 | 0.24 | 1.83 | 1.80 | 4.71 | 16.45 | |||
| ELVA | 3.19 | 0.82 | 0.24 | 0.45 | 3.04 | 7.61 | 34.14 | |||
| REKO | 0.96 | 0.12 | 0.00 | (0.47) | 0.00 | 2.67 | 17.61 | |||
| PYR | 4.62 | 0.41 | 0.06 | (2.12) | 4.17 | 10.00 | 50.00 | |||
| DRX | 2.10 | 0.40 | 0.21 | 0.45 | 1.58 | 9.41 | 15.12 | |||
| ANRG | 3.44 | (0.13) | 0.00 | (0.09) | 0.00 | 7.02 | 20.54 | |||
| WJX | 1.04 | 0.30 | 0.26 | (2.00) | 0.67 | 2.43 | 10.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Velan 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.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Velan Corporate Management
Elected by the shareholders, the Velan's board of directors comprises two types of representatives: Velan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Velan. The board's role is to monitor Velan's management team and ensure that shareholders' interests are well served. Velan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Velan's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karel Velan | Founder Emeritus | Profile | |
| Shane Velan | Chief Officer | Profile | |
| Paul Poirier | Chief America | Profile | |
| Laurent Pefferkorn | Executive Sales | Profile |