Vast Renewables Correlations

VSTE Stock

USD 1.65 0.20 13.79%

The current 90-days correlation between Vast Renewables and Westport Fuel Systems is -0.1 (i.e., Good diversification). The correlation of Vast Renewables 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.

Vast Renewables Correlation With Market

Good diversification

The correlation between Vast Renewables Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vast Renewables Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Vast Stock

0.53	FA	First Advantage Corp	Pair Corr
0.43	EFSH	1847 Holdings LLC	Pair Corr
0.43	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.33	CP	Canadian Pacific Railway	Pair Corr
0.62	MG	Mistras Group	Pair Corr
0.39	SB	Safe Bulkers Potential Growth	Pair Corr
0.38	VCIG	VCI Global Limited	Pair Corr
0.37	GP	GreenPower Motor	Pair Corr
0.36	ST	Sensata Technologies	Pair Corr

Related Correlations Analysis

	EFSH	WPRT	FBYD	BBU	FIP	GBX	GFF	FSTR	HON
EFSH		0.53	0.49	-0.49	0.34	-0.72	-0.46	-0.6	-0.48	EFSH
WPRT	0.53		0.47	-0.78	0.14	-0.69	-0.36	-0.38	-0.53	WPRT
FBYD	0.49	0.47		-0.29	0.26	-0.44	-0.23	-0.4	-0.27	FBYD
BBU	-0.49	-0.78	-0.29		0.1	0.66	0.69	0.61	0.73	BBU
FIP	0.34	0.14	0.26	0.1		-0.31	-0.02	-0.22	-0.09	FIP
GBX	-0.72	-0.69	-0.44	0.66	-0.31		0.53	0.73	0.73	GBX
GFF	-0.46	-0.36	-0.23	0.69	-0.02	0.53		0.86	0.69	GFF
FSTR	-0.6	-0.38	-0.4	0.61	-0.22	0.73	0.86		0.8	FSTR
HON	-0.48	-0.53	-0.27	0.73	-0.09	0.73	0.69	0.8		HON
	EFSH	WPRT	FBYD	BBU	FIP	GBX	GFF	FSTR	HON

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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

FSTR	+ 0.86	GFF
HON	+ 0.8	FSTR
HON	+ 0.73	BBU
FSTR	+ 0.73	GBX
HON	+ 0.73	GBX
GFF	+ 0.69	BBU

High negative correlations

BBU	- 0.78	WPRT
GBX	- 0.72	EFSH
GBX	- 0.69	WPRT
FSTR	- 0.6	EFSH
HON	- 0.53	WPRT
BBU	- 0.49	EFSH

Risk-Adjusted Indicators

There is a big difference between Vast Stock performing well and Vast Renewables 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 Vast Renewables' 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
EFSH	17.52	(2.66)	0.00	(0.96)	0.00	0.00	24.44	(46.23)	260.66
WPRT	1.46	(0.47)	0.00	(3.71)	0.00	0.00	2.55	(2.92)	9.20
FBYD	2.69	(0.21)	0.00	(1.31)	0.00	0.00	5.72	(7.70)	20.39
BBU	1.61	0.20	0.13	0.29	1.43	(1.77)	3.97	(2.48)	8.55
FIP	2.17	(0.33)	0.00	(0.04)	0.00	0.00	4.52	(5.52)	15.65
GBX	1.54	0.42	0.35	0.43	0.82	(1.87)	3.46	(2.32)	19.01
GFF	1.76	0.21	0.15	0.25	1.70	(2.02)	3.91	(3.12)	22.83
FSTR	2.16	0.47	0.28	0.36	1.60	(2.57)	6.37	(3.40)	14.55
HON	0.91	0.10	0.07	0.23	1.04	(1.10)	2.62	(1.27)	8.33

Vast Renewables Corporate Management

Alec Waugh	Company Counsel	Profile
Gilein Steensma	Head Development	Profile
Sue Opie	Chief Officer	Profile
Marshall Smith	Chief Officer	Profile
Christina Hall	Head Ltd	Profile
Kurt Drewes	Chief Officer	Profile

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