Veltex Correlations

VLXC Stock

USD 0.04 0 8.46%

The current 90-days correlation between Veltex and BioCorRx is -0.05 (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

Pay attention - limited upside

The correlation between Veltex and DJI is -0.75 (i.e., Pay attention - limited upside) 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	UHS	Universal Health Services	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.74	HPQ	HP Inc	Pair Corr

Moving against Veltex OTC Stock

0.78	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.78	SAR	Saratoga Investment Corp	Pair Corr
0.64	BDULF	Bangkok Dusit Medical	Pair Corr
0.61	VLKPF	Volkswagen AG VZO	Pair Corr
0.55	ACN	Accenture plc	Pair Corr
0.5	VWAGY	Volkswagen AG 110	Pair Corr
0.48	VLKAF	Volkswagen AG	Pair Corr
0.8	BA	Boeing	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.74	MRK	Merck Company Aggressive Push	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.53	HD	Home Depot	Pair Corr
0.45	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BICX	GBCS	ADMT	MYNDF	BZYR	VYCO	PMEDF	BVAXF	LOBEF	TWSI
BICX		-0.3	0.11	0.29	0.39	0.46	-0.39	0.45	-0.35	0.32	BICX
GBCS	-0.3		-0.46	-0.65	-0.56	-0.78	-0.43	-0.31	0.1	-0.66	GBCS
ADMT	0.11	-0.46		0.14	0.28	0.27	0.26	0.14	0.0	0.32	ADMT
MYNDF	0.29	-0.65	0.14		0.64	0.71	0.18	-0.01	-0.17	0.39	MYNDF
BZYR	0.39	-0.56	0.28	0.64		0.7	-0.07	0.27	-0.25	0.33	BZYR
VYCO	0.46	-0.78	0.27	0.71	0.7		0.23	0.4	-0.3	0.72	VYCO
PMEDF	-0.39	-0.43	0.26	0.18	-0.07	0.23		-0.16	0.03	0.25	PMEDF
BVAXF	0.45	-0.31	0.14	-0.01	0.27	0.4	-0.16		-0.05	0.38	BVAXF
LOBEF	-0.35	0.1	0.0	-0.17	-0.25	-0.3	0.03	-0.05		-0.28	LOBEF
TWSI	0.32	-0.66	0.32	0.39	0.33	0.72	0.25	0.38	-0.28		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

TWSI	+ 0.72	VYCO
VYCO	+ 0.71	MYNDF
VYCO	+ 0.7	BZYR
BZYR	+ 0.64	MYNDF
VYCO	+ 0.46	BICX
BVAXF	+ 0.45	BICX

High negative correlations

VYCO	- 0.78	GBCS
TWSI	- 0.66	GBCS
MYNDF	- 0.65	GBCS
BZYR	- 0.56	GBCS
ADMT	- 0.46	GBCS
PMEDF	- 0.43	GBCS

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	8.71	0.53	0.02	(37.60)	11.11	(18.49)	21.21	(22.50)	122.50
GBCS	2.76	0.52	0.09	0.31	2.46	(9.84)	11.11	(6.02)	26.02
ADMT	6.95	0.60	0.03	(0.95)	8.22	(14.89)	22.22	(18.18)	42.22
MYNDF	1.86	0.06	0.00	0.06	0.00	0.00	0.00	0.00	113.60
BZYR	9.53	0.94	0.06	0.25	11.55	(29.98)	23.68	(23.81)	134.21
VYCO	4.61	(0.38)	0.00	(0.16)	0.00	0.00	18.28	(16.67)	66.67
PMEDF	7.36	1.53	0.11	(0.85)	6.39	(20.09)	18.00	(13.64)	139.39
BVAXF	4.65	(0.45)	0.00	(1.32)	0.00	0.00	11.11	(10.53)	33.33
LOBEF	173.46	85.71	1.77	3.57	32.66	(207.97)	900.00	(90.12)	1,120
TWSI	4.78	(0.26)	0.00	(0.01)	0.00	0.00	0.00	(15.38)	130.78

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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