VNUE Correlations

VNUE Stock

USD 0.0003 0.0001 50.00%

The current 90-days correlation between VNUE Inc and Roku Inc is -0.17 (i.e., Good diversification). The correlation of VNUE 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.

VNUE Correlation With Market

Good diversification

The correlation between VNUE Inc and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VNUE Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with VNUE Pink Sheet

0.67	UNVGY	Universal Music Group	Pair Corr
0.61	UMGNF	Universal Music Group	Pair Corr

Moving against VNUE Pink Sheet

0.9	BFLY	Butterfly Network	Pair Corr
0.88	WBD	Warner Bros Discovery Upward Rally	Pair Corr
0.86	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.86	FOX	Fox Corp Class	Pair Corr
0.85	DIS	Walt Disney	Pair Corr
0.85	FWONK	Liberty Media	Pair Corr
0.85	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.84	FWONA	Liberty Media	Pair Corr
0.83	IONQ	IONQ Inc	Pair Corr
0.8	LUNR	Intuitive Machines	Pair Corr
0.8	RUM	Rumble Inc Tech Boost	Pair Corr
0.78	LYV	Live Nation Entertainment	Pair Corr
0.77	BBAI	BigBearai Holdings	Pair Corr
0.77	SOUN	SoundHound AI Aggressive Push	Pair Corr
0.77	FUND	Sprott Focus Trust	Pair Corr
0.76	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.75	AVTE	Aerovate Therapeutics	Pair Corr
0.7	PYPL	PayPal Holdings	Pair Corr
0.64	INMD	InMode	Pair Corr
0.61	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.55	APLD	Applied Blockchain Buyout Trend	Pair Corr
0.33	RXRX	Recursion Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ROKU	SNMN	SAPX	AFOM	HOFVW	ADD	LVO	CNVS	AMC	MANU
ROKU		0.0	0.09	-0.32	0.09	0.0	0.08	-0.06	-0.04	-0.01	ROKU
SNMN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SNMN
SAPX	0.09	0.0		-0.02	0.27	0.58	0.29	-0.53	0.09	-0.57	SAPX
AFOM	-0.32	0.0	-0.02		0.14	0.13	-0.12	-0.22	-0.07	-0.16	AFOM
HOFVW	0.09	0.0	0.27	0.14		0.3	-0.08	-0.63	-0.23	-0.39	HOFVW
ADD	0.0	0.0	0.58	0.13	0.3		0.61	-0.78	0.28	-0.47	ADD
LVO	0.08	0.0	0.29	-0.12	-0.08	0.61		-0.22	0.72	0.02	LVO
CNVS	-0.06	0.0	-0.53	-0.22	-0.63	-0.78	-0.22		0.11	0.7	CNVS
AMC	-0.04	0.0	0.09	-0.07	-0.23	0.28	0.72	0.11		0.09	AMC
MANU	-0.01	0.0	-0.57	-0.16	-0.39	-0.47	0.02	0.7	0.09		MANU
	ROKU	SNMN	SAPX	AFOM	HOFVW	ADD	LVO	CNVS	AMC	MANU

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AMC	+ 0.72	LVO
MANU	+ 0.7	CNVS
LVO	+ 0.61	ADD
ADD	+ 0.58	SAPX
ADD	+ 0.3	HOFVW
LVO	+ 0.29	SAPX

High negative correlations

CNVS	- 0.78	ADD
CNVS	- 0.63	HOFVW
MANU	- 0.57	SAPX
CNVS	- 0.53	SAPX
MANU	- 0.47	ADD
MANU	- 0.39	HOFVW

Risk-Adjusted Indicators

There is a big difference between VNUE Pink Sheet performing well and VNUE 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 VNUE'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
ROKU	2.45	0.16	0.05	0.22	3.89	(2.68)	5.67	(4.28)	23.00
SNMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAPX	12.23	1.63	0.06	28.93	12.31	(32.69)	33.33	(25.00)	83.33
AFOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HOFVW	14.91	1.58	0.08	0.58	17.60	(19.28)	42.86	(37.50)	137.86
ADD	10.46	(3.44)	0.00	(1.35)	0.00	0.00	24.26	(31.87)	103.30
LVO	5.42	(0.83)	0.00	(0.05)	0.00	0.00	11.59	(9.48)	34.91
CNVS	5.88	2.80	0.46	(965.43)	4.23	(7.25)	20.27	(7.02)	44.12
AMC	2.13	(0.16)	0.00	1.69	0.00	0.00	4.33	(4.65)	15.85
MANU	1.20	0.08	0.03	0.23	1.39	(1.29)	2.98	(2.31)	7.18

Be your own money manager

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

Did you try this?

Run Investing Opportunities Now

Investing Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences

All Next

Launch Module

VNUE Corporate Management

James King	Chief Officer	Profile
Brian Penick	Chief Officer	Profile
Thomas III	Special Chairman	Profile
Christopher Nocera	Chief Officer	Profile
Anthony CardenasMontana	Chief CFO	Profile
Peter Slavish	Chief Mang	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC