Vitec Correlations

VTEPF Stock

USD 0.19 0.25 56.82%

The current 90-days correlation between Vitec Group and REC Silicon ASA is -0.02 (i.e., Good diversification). The correlation of Vitec 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.

Vitec Correlation With Market

Significant diversification

The correlation between The Vitec Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Vitec Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vitec Pink Sheet

0.83	NTNX	Nutanix	Pair Corr
0.64	ADVWW	Advantage Solutions	Pair Corr
0.7	KTRIF	KTRIF	Pair Corr

Moving against Vitec Pink Sheet

0.81	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.7	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.68	DC	Dakota Gold Corp	Pair Corr
0.68	TFIN	Triumph Financial,	Pair Corr
0.66	TORO	Toro	Pair Corr
0.66	WSBK	Winchester Bancorp,	Pair Corr
0.63	DNGFF	Dongfang ElectricLimited	Pair Corr
0.6	AAPL	Apple Inc	Pair Corr
0.6	SPOI	SPO Networks	Pair Corr
0.56	TGS	Transportadora de Gas	Pair Corr
0.53	KYOCF	Kyocera	Pair Corr
0.49	PCRFF	Panasonic Holdings	Pair Corr
0.45	KYOCY	Kyocera ADR	Pair Corr
0.44	RCRUY	Recruit Holdings	Pair Corr
0.35	PFE	Pfizer Inc	Pair Corr
0.91	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.85	NGENF	NervGen Pharma Corp	Pair Corr
0.82	HIRU	Hiru	Pair Corr
0.79	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr
0.75	SPGI	SP Global	Pair Corr
0.73	KODK	Eastman Kodak	Pair Corr
0.72	ATRO	Astronics	Pair Corr
0.7	DGWR	Critic Clothing	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	RNWEF	RNWEY	URLOF	TSPH	ENMPF	NPNZF	QTRHF	DBOXF	ADPXY	QSCGF
RNWEF		0.76	0.57	0.18	0.94	0.0	0.85	-0.8	-0.81	-0.69	RNWEF
RNWEY	0.76		0.69	0.06	0.75	0.0	0.74	-0.58	-0.66	-0.64	RNWEY
URLOF	0.57	0.69		0.03	0.62	0.0	0.53	-0.3	-0.51	-0.53	URLOF
TSPH	0.18	0.06	0.03		0.02	0.0	0.01	-0.09	0.01	-0.12	TSPH
ENMPF	0.94	0.75	0.62	0.02		0.0	0.87	-0.75	-0.81	-0.72	ENMPF
NPNZF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NPNZF
QTRHF	0.85	0.74	0.53	0.01	0.87	0.0		-0.73	-0.87	-0.54	QTRHF
DBOXF	-0.8	-0.58	-0.3	-0.09	-0.75	0.0	-0.73		0.84	0.44	DBOXF
ADPXY	-0.81	-0.66	-0.51	0.01	-0.81	0.0	-0.87	0.84		0.44	ADPXY
QSCGF	-0.69	-0.64	-0.53	-0.12	-0.72	0.0	-0.54	0.44	0.44		QSCGF
	RNWEF	RNWEY	URLOF	TSPH	ENMPF	NPNZF	QTRHF	DBOXF	ADPXY	QSCGF

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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

ENMPF	+ 0.94	RNWEF
QTRHF	+ 0.87	ENMPF
QTRHF	+ 0.85	RNWEF
ADPXY	+ 0.84	DBOXF
RNWEY	+ 0.76	RNWEF
ENMPF	+ 0.75	RNWEY

High negative correlations

ADPXY	- 0.87	QTRHF
ADPXY	- 0.81	ENMPF
ADPXY	- 0.81	RNWEF
DBOXF	- 0.8	RNWEF
DBOXF	- 0.75	ENMPF
DBOXF	- 0.73	QTRHF

Risk-Adjusted Indicators

There is a big difference between Vitec Pink Sheet performing well and Vitec 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 Vitec'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
RNWEF	1.48	(0.49)	0.00	(1.20)	0.00	0.00	0.00	0.00	30.77
RNWEY	9.21	2.45	0.00	(0.33)	0.00	0.00	0.00	0.00	208.33
URLOF	2.39	(0.01)	(0.01)	0.05	2.74	(3.08)	7.92	(5.41)	15.33
TSPH	6.67	(0.26)	0.00	0.00	13.56	(9.60)	14.29	(16.33)	139.89
ENMPF	2.17	(0.73)	0.00	(0.38)	0.00	0.00	2.53	(9.09)	35.29
NPNZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QTRHF	1.67	(0.28)	0.00	(1.32)	0.00	0.00	4.00	(5.56)	15.59
DBOXF	3.76	1.37	0.28	(14.93)	2.85	(5.81)	11.11	(5.88)	24.30
ADPXY	1.96	0.76	0.00	1.21	0.00	0.00	1.50	0.00	58.48
QSCGF	1.40	0.36	0.00	(0.39)	0.00	0.00	0.00	0.00	38.78

Be your own money manager

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

Nicola Toso	Divisional Solutions	Profile
Nicol Verheem	Divisional Division	Profile
Halid Hatic	VP Solutions	Profile
BSc MA	Group Director	Profile
Marco Pezzana	Imaging Divisional Chief Executive	Profile
Jennifer Shaw	Group Director	Profile

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