Vienna Insurance Correlations

VNRFY Stock

USD 11.84 0.00 0.00%

The current 90-days correlation between Vienna Insurance and Cashmere Valley Bank is 0.03 (i.e., Significant diversification). The correlation of Vienna Insurance 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vienna Insurance Correlation With Market

Good diversification

The correlation between Vienna Insurance Group and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vienna Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vienna Pink Sheet

0.61	ALIZF	Allianz SE	Pair Corr
0.64	ALIZY	Allianz SE ADR	Pair Corr
0.64	VELO	Velo3D, Tech Boost	Pair Corr
0.62	DC	Dakota Gold Corp	Pair Corr
0.8	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	VWAGY	Volkswagen AG 110	Pair Corr

Moving against Vienna Pink Sheet

0.68	GOOD	Gladstone Commercial	Pair Corr
0.53	KNTK	Kinetik Holdings	Pair Corr
0.64	ADVWW	Advantage Solutions	Pair Corr
0.6	KTRIF	KTRIF	Pair Corr
0.49	BASE	Couchbase	Pair Corr

Related Correlations Analysis

	CSHX	CYFL	FFBB	RVRF	IPXAF	MSBC	NASB	KCLI	NZSTF	ALPIB
CSHX		0.47	0.06	0.54	-0.4	0.03	0.38	0.54	0.02	0.43	CSHX
CYFL	0.47		-0.14	0.33	-0.1	-0.08	0.3	0.47	0.16	-0.03	CYFL
FFBB	0.06	-0.14		0.61	-0.55	0.51	0.55	0.0	-0.31	0.74	FFBB
RVRF	0.54	0.33	0.61		-0.7	0.31	0.87	0.27	-0.22	0.81	RVRF
IPXAF	-0.4	-0.1	-0.55	-0.7		-0.35	-0.54	-0.21	0.29	-0.67	IPXAF
MSBC	0.03	-0.08	0.51	0.31	-0.35		0.36	-0.14	-0.32	0.44	MSBC
NASB	0.38	0.3	0.55	0.87	-0.54	0.36		0.19	-0.2	0.67	NASB
KCLI	0.54	0.47	0.0	0.27	-0.21	-0.14	0.19		0.44	0.01	KCLI
NZSTF	0.02	0.16	-0.31	-0.22	0.29	-0.32	-0.2	0.44		-0.46	NZSTF
ALPIB	0.43	-0.03	0.74	0.81	-0.67	0.44	0.67	0.01	-0.46		ALPIB
	CSHX	CYFL	FFBB	RVRF	IPXAF	MSBC	NASB	KCLI	NZSTF	ALPIB

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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

NASB	+ 0.87	RVRF
ALPIB	+ 0.81	RVRF
ALPIB	+ 0.74	FFBB
ALPIB	+ 0.67	NASB
RVRF	+ 0.61	FFBB
NASB	+ 0.55	FFBB

High negative correlations

IPXAF	- 0.7	RVRF
ALPIB	- 0.67	IPXAF
IPXAF	- 0.55	FFBB
NASB	- 0.54	IPXAF
ALPIB	- 0.46	NZSTF
IPXAF	- 0.4	CSHX

Risk-Adjusted Indicators

There is a big difference between Vienna Pink Sheet performing well and Vienna Insurance 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 Vienna Insurance'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
CSHX	0.49	0.08	0.04	0.26	0.40	(0.78)	1.11	(1.16)	10.25
CYFL	0.99	0.04	(0.01)	0.44	1.62	(1.78)	2.48	(2.84)	13.30
FFBB	0.66	0.02	(0.02)	0.12	0.66	(1.10)	1.22	(1.48)	10.60
RVRF	0.64	0.26	0.00	(0.37)	0.00	0.00	2.06	0.00	9.45
IPXAF	1.97	(0.08)	0.00	(4.85)	0.00	0.00	8.55	(8.27)	46.84
MSBC	0.37	0.01	(0.04)	0.28	0.58	(1.14)	1.06	(1.01)	7.21
NASB	0.66	0.10	0.01	(0.42)	0.76	(0.81)	0.99	(1.54)	3.51
KCLI	0.67	0.04	(0.02)	0.52	0.86	(0.87)	1.82	(1.69)	4.26
NZSTF	0.22	(0.12)	0.00	6.27	0.00	0.00	0.00	0.00	7.45
ALPIB	0.88	0.38	0.27	(2.73)	0.15	(1.25)	2.75	(1.36)	8.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vienna Insurance 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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Vienna Insurance Corporate Management

Nina HigatzbergerSchwarz	Head of Investor Relations	Profile
Gabor Lehel	Deputy Member of the Managing Board	Profile
Stephan Klinger	Head Department	Profile
Pr Stadler	GM Board	Profile
Hartwig Loger	Deputy Board	Profile
Harald Riener	Member Board	Profile
Magistrate Lahner	Member COO	Profile

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