Vecima Networks Correlations

VNWTF Stock

USD 7.50 0.30 4.17%

The current 90-days correlation between Vecima Networks and Appen Limited is -0.05 (i.e., Good diversification). The correlation of Vecima Networks 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.

Vecima Networks Correlation With Market

Significant diversification

The correlation between Vecima Networks 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 Vecima Networks and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Vecima Pink Sheet

0.75	STAG	STAG Industrial	Pair Corr
0.69	REGN	Regeneron Pharmaceuticals	Pair Corr
0.64	EGP	EastGroup Properties	Pair Corr
0.62	APGE	Apogee Therapeutics,	Pair Corr
0.61	KYOCF	Kyocera	Pair Corr
0.53	PHAR	Pharming Group NV	Pair Corr
0.52	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.5	LNDNF	Lundin Energy AB	Pair Corr
0.46	HL	Hecla Mining	Pair Corr
0.46	HMDCF	HUTCHMED Limited	Pair Corr
0.37	IDN	Intellicheck Mobilisa	Pair Corr
0.78	CHACR	Crane Harbor Acquisition	Pair Corr
0.7	RLMD	Relmada Therapeutics	Pair Corr
0.67	SHIP	Seanergy Maritime	Pair Corr
0.64	AKAM	Akamai Technologies	Pair Corr
0.58	ADC	Agree Realty	Pair Corr
0.57	DNLMY	Dunelm Group PLC	Pair Corr
0.53	GM	General Motors	Pair Corr
0.48	SMGKF	Smiths Group plc	Pair Corr
0.44	DDS	Dillards,	Pair Corr
0.44	AAL	American Airlines	Pair Corr
0.39	EFTR	Effector Therapeutics	Pair Corr
0.38	68233JBP8	US68233JBP84	Pair Corr
0.37	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	APXYY	NLST	FDDMF	MCRNF	FBSFF	XTRAF	FSOYF	EXSPF	KACPF	PRWYF
APXYY		0.12	-0.27	-0.51	0.68	0.57	0.0	-0.14	0.0	-0.07	APXYY
NLST	0.12		-0.46	0.47	0.1	0.06	0.0	0.58	0.0	-0.56	NLST
FDDMF	-0.27	-0.46		0.0	-0.53	-0.14	0.0	-0.14	0.0	0.37	FDDMF
MCRNF	-0.51	0.47	0.0		-0.39	-0.23	0.0	0.79	0.0	-0.2	MCRNF
FBSFF	0.68	0.1	-0.53	-0.39		0.65	0.0	-0.07	0.0	0.11	FBSFF
XTRAF	0.57	0.06	-0.14	-0.23	0.65		0.0	-0.06	0.0	0.14	XTRAF
FSOYF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FSOYF
EXSPF	-0.14	0.58	-0.14	0.79	-0.07	-0.06	0.0		0.0	0.0	EXSPF
KACPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KACPF
PRWYF	-0.07	-0.56	0.37	-0.2	0.11	0.14	0.0	0.0	0.0		PRWYF
	APXYY	NLST	FDDMF	MCRNF	FBSFF	XTRAF	FSOYF	EXSPF	KACPF	PRWYF

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

EXSPF	+ 0.79	MCRNF
FBSFF	+ 0.68	APXYY
XTRAF	+ 0.65	FBSFF
EXSPF	+ 0.58	NLST
XTRAF	+ 0.57	APXYY
MCRNF	+ 0.47	NLST

High negative correlations

PRWYF	- 0.56	NLST
FBSFF	- 0.53	FDDMF
MCRNF	- 0.51	APXYY
FDDMF	- 0.46	NLST
FBSFF	- 0.39	MCRNF
FDDMF	- 0.27	APXYY

Risk-Adjusted Indicators

There is a big difference between Vecima Pink Sheet performing well and Vecima Networks 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 Vecima Networks' 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
APXYY	6.84	0.75	0.04	0.59	8.79	(18.22)	23.81	(16.67)	101.58
NLST	3.48	0.30	0.03	1.06	6.02	(4.92)	9.30	(5.26)	45.25
FDDMF	0.48	0.06	0.00	0.79	0.00	0.00	0.00	0.00	18.25
MCRNF	0.26	(0.03)	0.00	0.49	0.00	0.00	0.00	0.00	9.08
FBSFF	0.21	(0.10)	0.00	(0.94)	0.00	0.00	0.00	0.00	7.98
XTRAF	2.91	(0.18)	0.00	(0.01)	0.00	0.00	6.98	(4.44)	36.03
FSOYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXSPF	0.53	0.12	0.00	0.43	0.00	0.00	0.00	0.00	16.07
KACPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRWYF	0.75	0.32	0.00	(0.17)	0.00	0.00	0.00	0.00	34.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vecima Networks 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 Funds Screener Now

Funds Screener

Find actively-traded funds from around the world traded on over 30 global exchanges

All Next

Launch Module

Vecima Networks Corporate Management

Dan Gledhill	VP Sales	Profile
David Hobb	VP Operations	Profile
Heather Asher	Gen Sec	Profile
Paul Boucher	VicePres Sales	Profile
Dale Booth	Chief Officer	Profile
Ryan Nicometo	Sr Unit	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

2025 Macroaxis LLC