VERGNET Correlations

VRQ Stock

EUR 0.08 0.00 0.00%

The current 90-days correlation between VERGNET and HK Electric Investments is -0.15 (i.e., Good diversification). The correlation of VERGNET 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.

VERGNET Correlation With Market

Excellent diversification

The correlation between VERGNET and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VERGNET and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with VERGNET Stock

0.72	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.62	BZG2	BANK CENTRAL ASIA	Pair Corr

Moving against VERGNET Stock

0.61	SII	Wheaton Precious Metals	Pair Corr
0.55	317A	STINGRAY GROUP INC	Pair Corr
0.54	2G0	Food Life Companies	Pair Corr
0.48	MSI	Mitsui Chemicals	Pair Corr
0.45	PQ9	BANK MANDIRI	Pair Corr
0.41	CWW	Commonwealth Bank	Pair Corr
0.36	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.34	SJ3	Sherwin Williams	Pair Corr
0.75	WCE	CECO ENVIRONMENTAL Earnings Call This Week	Pair Corr
0.73	WWR	Woolworths Group Earnings Call This Week	Pair Corr
0.72	01H	HORIBA	Pair Corr
0.65	H3M	Hochschild Mining plc	Pair Corr
0.65	TWZ	Trican Well Service Earnings Call Tomorrow	Pair Corr
0.63	SM2	Semtech	Pair Corr
0.62	ALV	Allianz SE	Pair Corr
0.62	6IC	Iridium Communications	Pair Corr
0.61	AOMD	Alstom SA	Pair Corr
0.57	OYC	DELTA AIR LINES	Pair Corr
0.54	FOJ1	Premier Foods PLC	Pair Corr
0.53	O3I	FLOW TRADERS LTD	Pair Corr
0.5	3YL	SMARTOPTICS GRP AS Earnings Call This Week	Pair Corr
0.39	IMK	IMAX China Holding Earnings Call Today	Pair Corr
0.73	3RB	RECKITT BENCK GRP	Pair Corr
0.72	ENR	Siemens Energy AG	Pair Corr
0.7	SZG	Salzgitter AG	Pair Corr
0.69	SVKB	SANDVIK	Pair Corr
0.66	BAS	BASF SE	Pair Corr
0.6	NCO	Nedbank Group Limited	Pair Corr
0.57	LPK	LPKF Laser Electronics	Pair Corr
0.51	7GA	Gestamp Automoción	Pair Corr

Related Correlations Analysis

	NOEJ	FMV	SSUN	G1MN	3RKU	ECK	DP4B	8L8C	HKT
NOEJ		0.86	0.89	0.81	-0.06	0.73	0.86	0.34	0.82	NOEJ
FMV	0.86		0.91	0.91	-0.1	0.64	0.82	-0.04	0.84	FMV
SSUN	0.89	0.91		0.92	0.01	0.74	0.76	0.16	0.89	SSUN
G1MN	0.81	0.91	0.92		0.14	0.77	0.62	0.05	0.88	G1MN
3RKU	-0.06	-0.1	0.01	0.14		0.39	-0.31	0.48	0.06	3RKU
ECK	0.73	0.64	0.74	0.77	0.39		0.4	0.47	0.76	ECK
DP4B	0.86	0.82	0.76	0.62	-0.31	0.4		0.11	0.63	DP4B
8L8C	0.34	-0.04	0.16	0.05	0.48	0.47	0.11		0.23	8L8C
HKT	0.82	0.84	0.89	0.88	0.06	0.76	0.63	0.23		HKT
	NOEJ	FMV	SSUN	G1MN	3RKU	ECK	DP4B	8L8C	HKT

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

G1MN	+ 0.92	SSUN
SSUN	+ 0.91	FMV
G1MN	+ 0.91	FMV
SSUN	+ 0.89	NOEJ
HKT	+ 0.89	SSUN
HKT	+ 0.88	G1MN

High negative correlations

DP4B	- 0.31	3RKU
3RKU	- 0.1	FMV
3RKU	- 0.06	NOEJ
8L8C	- 0.04	FMV

Risk-Adjusted Indicators

There is a big difference between VERGNET Stock performing well and VERGNET 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 VERGNET'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
NOEJ	1.41	0.33	0.14	2.17	1.52	(1.55)	3.75	(2.61)	9.82
FMV	4.13	1.07	0.23	0.59	4.29	(4.59)	8.56	(6.32)	24.51
SSUN	2.48	0.83	0.26	(1.17)	2.21	(2.96)	6.10	(4.11)	13.83
G1MN	2.17	0.82	0.23	1.65	1.72	(3.60)	7.32	(3.64)	19.55
3RKU	2.38	0.07	0.02	0.14	2.63	(2.94)	4.91	(4.49)	12.82
ECK	1.13	0.60	0.00	(9.76)	0.00	0.00	4.62	0.00	11.49
DP4B	0.70	0.18	0.08	28.17	0.60	(1.29)	2.53	(1.43)	7.25
8L8C	1.89	0.14	0.03	4.36	2.19	(2.46)	3.96	(4.25)	12.81
HKT	1.08	0.14	0.05	0.35	1.13	(1.74)	2.82	(2.63)	6.93

VERGNET Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VERGNET stock to make a market-neutral strategy. Peer analysis of VERGNET could also be used in its relative valuation, which is a method of valuing VERGNET by comparing valuation metrics with similar companies.

Norma Group AG First Majestic Silver Samsung Electronics Co Globex Mining Enterprises RYOHIN UNSPADR1 LUDWIG BECK AP Mller Liberty Broadband HK Electric Investments American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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