Veltex Correlations

VLXC Stock

USD 0.07 0.00 0.00%

The current 90-days correlation between Veltex and BioCorRx is -0.1 (i.e., Good diversification). The correlation of Veltex 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.

Veltex Correlation With Market

Significant diversification

The correlation between Veltex and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veltex and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Veltex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veltex 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 Veltex - 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 Veltex to buy it.

Moving together with Veltex OTC Stock

0.71

SSNLF

Samsung Electronics

Pair Corr

Moving against Veltex OTC Stock

0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.49	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.49	TLK	Telkom Indonesia Tbk	Pair Corr
0.48	PPERY	Bank Mandiri Persero	Pair Corr
0.43	GEN	Gen Digital	Pair Corr
0.32	UHS	Universal Health Services	Pair Corr
0.64	SMXWW	SMX Public Limited	Pair Corr
0.58	ARVN	Arvinas	Pair Corr
0.57	FTV	Fortive Corp	Pair Corr
0.56	SYF	Synchrony Financial	Pair Corr
0.53	MGCV	MGC Ventures	Pair Corr
0.51	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.49	DGWPF	Drgerwerk AG	Pair Corr
0.48	LCDX	Caliber Imaging Diag	Pair Corr
0.46	BROS	Dutch Bros	Pair Corr
0.45	NAUFF	NevGold Corp	Pair Corr
0.36	TMSNY	Temenos Group AG	Pair Corr
0.35	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.34	DB	Deutsche Bank AG	Pair Corr
0.33	EDRVY	EDP Renovveis SA	Pair Corr

Related Correlations Analysis

	BICX	GBCS	ADMT	MYNDF	BZYR	VYCO	PMEDF	BVAXF	LOBEF	TWSI
BICX		-0.05	-0.38	0.2	0.34	0.1	-0.73	0.42	-0.11	-0.06	BICX
GBCS	-0.05		-0.03	-0.6	-0.45	-0.18	-0.11	0.31	-0.02	-0.05	GBCS
ADMT	-0.38	-0.03		-0.13	0.08	0.19	0.57	-0.27	0.0	0.08	ADMT
MYNDF	0.2	-0.6	-0.13		0.52	0.43	-0.06	-0.19	0.09	-0.03	MYNDF
BZYR	0.34	-0.45	0.08	0.52		0.62	-0.11	0.01	-0.04	0.28	BZYR
VYCO	0.1	-0.18	0.19	0.43	0.62		0.24	0.03	0.07	0.06	VYCO
PMEDF	-0.73	-0.11	0.57	-0.06	-0.11	0.24		-0.38	0.08	0.06	PMEDF
BVAXF	0.42	0.31	-0.27	-0.19	0.01	0.03	-0.38		0.17	-0.2	BVAXF
LOBEF	-0.11	-0.02	0.0	0.09	-0.04	0.07	0.08	0.17		0.02	LOBEF
TWSI	-0.06	-0.05	0.08	-0.03	0.28	0.06	0.06	-0.2	0.02		TWSI
	BICX	GBCS	ADMT	MYNDF	BZYR	VYCO	PMEDF	BVAXF	LOBEF	TWSI

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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

VYCO	+ 0.62	BZYR
PMEDF	+ 0.57	ADMT
BZYR	+ 0.52	MYNDF
VYCO	+ 0.43	MYNDF
BVAXF	+ 0.42	BICX
BZYR	+ 0.34	BICX

High negative correlations

PMEDF	- 0.73	BICX
MYNDF	- 0.6	GBCS
BZYR	- 0.45	GBCS
BVAXF	- 0.38	PMEDF
ADMT	- 0.38	BICX
BVAXF	- 0.27	ADMT

Risk-Adjusted Indicators

There is a big difference between Veltex OTC Stock performing well and Veltex OTC Stock 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 Veltex'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
BICX	7.49	0.40	0.02	0.27	10.23	(18.66)	18.18	(22.50)	122.50
GBCS	2.89	0.16	0.02	0.16	4.03	(9.35)	11.11	(8.38)	29.29
ADMT	4.86	0.76	0.05	0.77	5.68	(13.58)	12.50	(16.67)	40.40
MYNDF	1.89	0.03	0.00	0.05	0.00	0.00	0.00	0.00	113.60
BZYR	5.97	0.09	0.00	(3.53)	9.09	(18.91)	23.68	(17.07)	87.88
VYCO	3.61	(0.40)	0.00	(0.18)	0.00	0.00	11.11	(16.67)	55.00
PMEDF	7.47	2.09	0.13	(0.19)	6.28	(21.24)	18.00	(13.33)	138.29
BVAXF	5.88	0.02	0.00	0.03	0.00	0.00	15.79	(13.64)	43.75
LOBEF	105.36	50.25	1.08	(9.43)	28.49	(136.27)	758.82	(90.15)	1,067
TWSI	6.33	1.69	0.00	3.72	0.00	0.00	20.83	(15.00)	103.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in Veltex 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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