Volution Group Correlations

VO1 Stock

EUR 7.90 0.05 0.63%

The current 90-days correlation between Volution Group plc and HEXINDO ADIPERKASA is -0.14 (i.e., Good diversification). The correlation of Volution Group 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.

Volution Group Correlation With Market

Very poor diversification

The correlation between Volution Group plc and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volution Group plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Volution Stock

0.73	PQ9	BANK MANDIRI	Pair Corr
0.79	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.63	D9W	Designer Brands	Pair Corr
0.82	ELG	Elmos Semiconductor	Pair Corr
0.85	G40	GDS Holdings Limited	Pair Corr
0.82	LA3A	Laureate Education Earnings Call This Week	Pair Corr
0.67	OYC	DELTA AIR LINES	Pair Corr
0.86	SVKB	SANDVIK	Pair Corr
0.62	6VD	BD MULTI MEDIA Split	Pair Corr
0.83	SII	Wheaton Precious Metals	Pair Corr
0.85	TQI	TELECOM ITALIA	Pair Corr
0.84	43C	CACTUS INC CLA	Pair Corr
0.82	PYCP	Minera Alamos Split	Pair Corr
0.66	GPT	Genuine Parts Earnings Call This Week	Pair Corr
0.75	HIUC	China Taiping Insurance	Pair Corr
0.65	AED	Grupo Aeroportuario del	Pair Corr
0.7	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.79	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.65	LOR	LOral SA	Pair Corr
0.68	1SZ0	Santacruz Silver Mining Split	Pair Corr

Moving against Volution Stock

0.77	BYRA	BANK RAKYAT IND	Pair Corr
0.65	BZG2	PT Bank Central	Pair Corr
0.36	8LU	TAURUS ENERGY AB	Pair Corr
0.31	EFF	DTEFFWECHSEL BET Split	Pair Corr
0.83	DBPD	Xtrackers ShortDAX	Pair Corr
0.66	3HB	Hybrigenics Societe	Pair Corr
0.51	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	HX1A	3IB	OAIA	T9Q	IUA	T9Q	2P0N	BNB	BNB	3IB
HX1A		-0.49	0.0	0.16	0.06	-0.34	0.0	0.07	0.13	0.34	HX1A
3IB	-0.49		0.0	-0.17	0.01	0.13	0.0	-0.09	-0.08	-0.25	3IB
OAIA	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	0.0	OAIA
T9Q	0.16	-0.17	0.0		0.26	0.63	0.0	-0.35	-0.32	0.26	T9Q
IUA	0.06	0.01	0.0	0.26		0.34	0.0	-0.62	-0.78	-0.31	IUA
T9Q	-0.34	0.13	0.0	0.63	0.34		0.0	-0.58	-0.56	0.02	T9Q
2P0N	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	0.0	2P0N
BNB	0.07	-0.09	0.0	-0.35	-0.62	-0.58	0.0		0.91	0.23	BNB
BNB	0.13	-0.08	0.0	-0.32	-0.78	-0.56	0.0	0.91		0.4	BNB
3IB	0.34	-0.25	0.0	0.26	-0.31	0.02	0.0	0.23	0.4		3IB
	HX1A	3IB	OAIA	T9Q	IUA	T9Q	2P0N	BNB	BNB	3IB

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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

2P0N	+ 1.0	OAIA
BNB	+ 0.91	BNB
T9Q	+ 0.63	T9Q
3IB	+ 0.4	BNB
3IB	+ 0.34	HX1A
T9Q	+ 0.34	IUA

High negative correlations

BNB	- 0.78	IUA
BNB	- 0.62	IUA
BNB	- 0.58	T9Q
BNB	- 0.56	T9Q
3IB	- 0.49	HX1A
BNB	- 0.35	T9Q

Risk-Adjusted Indicators

There is a big difference between Volution Stock performing well and Volution Group 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 Volution Group'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
HX1A	0.57	(0.05)	0.00	0.39	0.00	0.00	0.00	(4.55)	15.29
3IB	1.55	0.04	(0.01)	0.00	2.57	(3.41)	7.27	(6.78)	18.02
OAIA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
T9Q	3.15	0.32	0.06	0.52	4.03	(3.84)	8.99	(6.25)	22.00
IUA	3.65	1.04	0.17	(1.75)	3.61	(8.06)	19.42	(4.71)	42.26
T9Q	0.53	0.24	0.00	0.61	0.00	0.00	0.00	0.00	8.89
2P0N	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNB	0.87	(0.28)	0.00	(0.57)	0.00	0.00	1.19	(2.30)	20.54
BNB	0.57	(0.38)	0.00	2.90	0.00	0.00	0.00	(2.27)	2.50
3IB	0.31	0.00	(0.03)	0.16	0.49	(1.73)	0.88	(0.85)	6.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Volution Group 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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Volution Group Corporate Management

Elected by the shareholders, the Volution Group's board of directors comprises two types of representatives: Volution Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Volution. The board's role is to monitor Volution Group's management team and ensure that shareholders' interests are well served. Volution Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Volution Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michelle Dettman	Group HR	Profile
Koen Groenewold	Regional Recovery	Profile
Andreas Lofstrand	Managing Nordics	Profile
Lee Nurse	Marketing Group	Profile
Fiona Smith	Company Secretary	Profile
Paul Davies	Group Director	Profile
Anthony Lamaro	Regional Australasia	Profile

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