ViaSat Correlations

VSAT Stock

USD 39.62 4.41 10.02%

The current 90-days correlation between ViaSat Inc and Belden Inc is 0.33 (i.e., Weak diversification). The correlation of ViaSat 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.

ViaSat Correlation With Market

Poor diversification

The correlation between ViaSat Inc and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ViaSat Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ViaSat Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ViaSat Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ViaSat Stock

0.84	ENA	Enablence Technologies	Pair Corr
0.78	DAIUF	Daifuku Co	Pair Corr
0.76	FUWAF	Furukawa Electric	Pair Corr
0.84	SECVY	Seche Environnement	Pair Corr
0.83	RILYL	B Riley Financial	Pair Corr

Moving against ViaSat Stock

0.51	BVC	Batm Advanced Commun	Pair Corr
0.5	NDEKY	Nitto Denko Corp	Pair Corr

Related Correlations Analysis

	BDC	PI	LPL	BTDR	CWAN	COMM	BMI	WEX	CLSK	VNT
BDC		0.18	0.1	0.28	0.03	0.15	0.03	0.46	0.45	0.5	BDC
PI	0.18		0.45	0.55	-0.09	-0.1	0.22	0.4	0.51	0.68	PI
LPL	0.1	0.45		0.79	-0.77	-0.74	0.47	-0.2	0.8	0.15	LPL
BTDR	0.28	0.55	0.79		-0.59	-0.55	0.17	0.04	0.83	0.44	BTDR
CWAN	0.03	-0.09	-0.77	-0.59		0.8	-0.5	0.6	-0.58	0.1	CWAN
COMM	0.15	-0.1	-0.74	-0.55	0.8		-0.27	0.42	-0.6	0.25	COMM
BMI	0.03	0.22	0.47	0.17	-0.5	-0.27		-0.18	0.29	0.07	BMI
WEX	0.46	0.4	-0.2	0.04	0.6	0.42	-0.18		0.12	0.55	WEX
CLSK	0.45	0.51	0.8	0.83	-0.58	-0.6	0.29	0.12		0.33	CLSK
VNT	0.5	0.68	0.15	0.44	0.1	0.25	0.07	0.55	0.33		VNT
	BDC	PI	LPL	BTDR	CWAN	COMM	BMI	WEX	CLSK	VNT

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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

CLSK	+ 0.83	BTDR
CLSK	+ 0.8	LPL
COMM	+ 0.8	CWAN
BTDR	+ 0.79	LPL
VNT	+ 0.68	PI
WEX	+ 0.6	CWAN

High negative correlations

CWAN	- 0.77	LPL
COMM	- 0.74	LPL
CLSK	- 0.6	COMM
CWAN	- 0.59	BTDR
CLSK	- 0.58	CWAN
COMM	- 0.55	BTDR

Risk-Adjusted Indicators

There is a big difference between ViaSat Stock performing well and ViaSat 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 ViaSat'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
BDC	1.41	0.03	0.02	0.07	1.78	(1.51)	3.29	(3.32)	10.85
PI	3.46	(0.62)	0.00	(8.96)	0.00	0.00	6.46	(7.17)	18.42
LPL	1.56	(0.39)	0.00	4.01	0.00	0.00	3.01	(3.18)	12.89
BTDR	4.56	(0.74)	0.00	(0.53)	0.00	0.00	8.05	(9.13)	23.93
CWAN	1.58	0.38	0.16	0.34	1.69	(1.84)	4.31	(3.59)	14.20
COMM	1.99	0.40	0.13	(1.26)	2.44	(2.16)	4.14	(4.01)	15.17
BMI	1.71	(0.38)	0.00	(0.16)	0.00	0.00	2.78	(4.32)	16.79
WEX	1.48	(0.15)	0.00	(0.07)	0.00	0.00	3.31	(2.82)	8.14
CLSK	4.74	(0.68)	0.00	(0.30)	0.00	0.00	12.27	(8.72)	33.02
VNT	1.22	(0.20)	0.00	(0.10)	0.00	0.00	2.23	(2.57)	10.93

ViaSat Corporate Executives

Elected by the shareholders, the ViaSat's board of directors comprises two types of representatives: ViaSat inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ViaSat. The board's role is to monitor ViaSat's management team and ensure that shareholders' interests are well served. ViaSat'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, ViaSat's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shawn Duffy

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