Veralto Correlations

VLTO Stock

93.60 1.06 1.15%

The current 90-days correlation between Veralto and Dover is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veralto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veralto moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Veralto Correlation With Market

Good diversification

The correlation between Veralto and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veralto and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Veralto Stock

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

To learn how to invest in Veralto Stock, please use our How to Invest in Veralto guide.

Moving together with Veralto Stock

0.63	LZ	LegalZoom	Pair Corr
0.69	0K7V	News Corp Cl	Pair Corr

Moving against Veralto Stock

0.73	0HRZ	Cabot Oil Gas	Pair Corr
0.6	0QWA	Logista	Pair Corr
0.58	0RJI	Anheuser Busch Inbev	Pair Corr
0.57	0JVV	Lumentum Holdings	Pair Corr
0.57	0GWB	Lundbergforetagen AB Earnings Call Tomorrow	Pair Corr
0.57	0I0J	Clorox	Pair Corr
0.52	0NV5	UPM Kymmene Oyj	Pair Corr
0.51	0QME	Orell Fuessli AG	Pair Corr
0.51	0I3Z	Deutsche Euroshop	Pair Corr
0.48	0MPL	SGL Carbon SE	Pair Corr
0.46	0K87	NiSource	Pair Corr
0.37	0J4G	Helmerich Payne	Pair Corr
0.33	0LHR	Tyson Foods Cl	Pair Corr
0.33	0QVK	COFACE Earnings Call This Week	Pair Corr
0.32	0HAH	Fortum Oyj	Pair Corr
0.49	0JTQ	Lear Corp	Pair Corr
0.44	0F08	Kongsberg Gruppen ASA	Pair Corr
0.44	0JQZ	Kimberly Clark Corp	Pair Corr
0.4	0R3E	Lockheed Martin Corp	Pair Corr
0.38	0O1C	Thyssenkrupp AG ON	Pair Corr
0.37	0O7J	Corticeira Amorim Earnings Call This Week	Pair Corr
0.36	0LEF	Teradyne	Pair Corr
0.32	0IL1	Federal Realty Investment	Pair Corr

Related Correlations Analysis

	DOV	HUBB	EFX	AER	CW	ESLT	EME	ODFL	PNR	VRSK
DOV		0.91	-0.38	0.77	0.76	0.77	0.87	0.95	-0.45	-0.75	DOV
HUBB	0.91		-0.42	0.75	0.92	0.87	0.94	0.91	-0.28	-0.65	HUBB
EFX	-0.38	-0.42		0.01	-0.42	-0.21	-0.6	-0.38	0.6	0.71	EFX
AER	0.77	0.75	0.01		0.57	0.74	0.57	0.78	-0.15	-0.32	AER
CW	0.76	0.92	-0.42	0.57		0.9	0.9	0.79	-0.16	-0.49	CW
ESLT	0.77	0.87	-0.21	0.74	0.9		0.76	0.85	-0.21	-0.33	ESLT
EME	0.87	0.94	-0.6	0.57	0.9	0.76		0.84	-0.37	-0.78	EME
ODFL	0.95	0.91	-0.38	0.78	0.79	0.85	0.84		-0.45	-0.65	ODFL
PNR	-0.45	-0.28	0.6	-0.15	-0.16	-0.21	-0.37	-0.45		0.66	PNR
VRSK	-0.75	-0.65	0.71	-0.32	-0.49	-0.33	-0.78	-0.65	0.66		VRSK
	DOV	HUBB	EFX	AER	CW	ESLT	EME	ODFL	PNR	VRSK

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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

ODFL	+ 0.95	DOV
EME	+ 0.94	HUBB
CW	+ 0.92	HUBB
HUBB	+ 0.91	DOV
ODFL	+ 0.91	HUBB
ESLT	+ 0.9	CW

High negative correlations

VRSK	- 0.78	EME
VRSK	- 0.75	DOV
VRSK	- 0.65	ODFL
VRSK	- 0.65	HUBB
EME	- 0.6	EFX
VRSK	- 0.49	CW

Risk-Adjusted Indicators

There is a big difference between Veralto Stock performing well and Veralto 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 Veralto'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
DOV	1.08	0.29	0.29	0.29	0.69	(1.33)	3.12	(1.68)	5.92
HUBB	1.40	0.12	0.08	0.15	1.71	(1.42)	3.27	(3.20)	7.69
EFX	1.67	(0.17)	0.00	(0.08)	0.00	0.00	3.42	(3.87)	16.21
AER	0.89	0.13	0.08	0.43	0.93	(0.96)	1.81	(1.69)	5.66
CW	1.72	0.18	0.08	0.22	2.15	(1.78)	3.83	(3.23)	11.25
ESLT	1.71	0.51	0.22	3.13	1.63	(1.90)	3.52	(2.70)	11.94
EME	1.67	0.24	0.11	0.26	1.97	(1.67)	3.78	(3.76)	9.67
ODFL	1.94	0.43	0.26	0.29	1.42	(2.30)	6.32	(3.07)	14.49
PNR	1.28	(0.17)	0.00	(0.07)	0.00	0.00	2.77	(2.66)	13.49
VRSK	1.16	(0.23)	0.00	2.27	0.00	0.00	2.00	(2.55)	12.35

Veralto Corporate Management

Bernard Skeete	VP Officer	Profile
James Tanaka	Vice Secretary	Profile
Paxton McVoy	Senior Officer	Profile
Melissa Aquino	Senior Innovation	Profile
Surekha Trivedi	Senior Sustainability	Profile
Vaneet Malhotra	Senior Development	Profile

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