Vimeo Correlations

VMEO Stock  USD 6.66  0.13  1.99%   
The current 90-days correlation between Vimeo Inc and Momentive Global is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vimeo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vimeo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vimeo Correlation With Market

Modest diversification

The correlation between Vimeo Inc and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vimeo Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vimeo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Vimeo Stock

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  0.82WK WorkivaPairCorr
  0.76ZM Zoom Video Communications Earnings Call This WeekPairCorr
  0.62DOCU DocuSignPairCorr
  0.76DOMO Domo Inc Earnings Call This WeekPairCorr
  0.74VERX VertexPairCorr
  0.71DSGX Descartes SystemsPairCorr
  0.64DTRK DATATRAK InternationalPairCorr
  0.88EGHT 8x8 Common StockPairCorr
  0.66ELWS Earlyworks Co,PairCorr
  0.62WDAY Workday Earnings Call This WeekPairCorr

Moving against Vimeo Stock

  0.64XELAP Exela Technologies Earnings Call This WeekPairCorr
  0.49VTEX VTEX Potential GrowthPairCorr
  0.38ELCO Elcom InternationalPairCorr
  0.35VERB VERB TECHNOLOGY PANY Tech BoostPairCorr

Related Correlations Analysis

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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   
FRGEMIXT
AMPLENFN
FRGEVTEX
AMPLONTF
LAWENFN
VTEXMIXT
  
High negative correlations   
FRGEENFN
FRGEAMPL
MIXTLAW
MIXTENFN
VTEXAMPL
EXFYLAW

Risk-Adjusted Indicators

There is a big difference between Vimeo Stock performing well and Vimeo 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 Vimeo'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.

Vimeo Corporate Management