VIVENDI UNSPONARD Correlations

VVUD Stock

EUR 7.10 0.05 0.71%

The current 90-days correlation between VIVENDI UNSPONARD and News Corporation is -0.15 (i.e., Good diversification). The correlation of VIVENDI UNSPONARD 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.

VIVENDI UNSPONARD Correlation With Market

Significant diversification

The correlation between VIVENDI UNSPONARD EO and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VIVENDI UNSPONARD EO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with VIVENDI Stock

0.9	SES	SES SA	Pair Corr
0.73	TM9	NorAm Drilling AS	Pair Corr
0.77	03F	IDP EDUCATION LTD	Pair Corr

Moving against VIVENDI Stock

0.9	VRS	VERISIGN	Pair Corr
0.8	1YD	Broadcom	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.79	GTT	TEGNA Inc	Pair Corr
0.65	NC0B	News	Pair Corr
0.65	TEY	Teradyne	Pair Corr
0.64	NC0E	News	Pair Corr
0.51	FDX	FedEx	Pair Corr
0.35	4Y7	PLATO GOLD P	Pair Corr
0.86	NH5	NH HOTEL GROUP	Pair Corr
0.83	GIFN	GigaMedia	Pair Corr
0.82	XKR	KAR Auction Services	Pair Corr
0.81	RHM	Rheinmetall AG	Pair Corr
0.81	HEI	Heidelberg Materials	Pair Corr
0.78	SDP	Summit Hotel Properties	Pair Corr
0.78	CE1	Perdoceo Education	Pair Corr
0.71	FOO	Salesforce	Pair Corr
0.65	MSF	Microsoft	Pair Corr
0.6	NY70	MOLSON RS BEVERAGE	Pair Corr
0.6	IFX	Infineon Technologies	Pair Corr
0.55	FTK	flatexDEGIRO AG	Pair Corr
0.54	1FA	SPROUTS FARMERS MKT	Pair Corr
0.51	CEK	CEOTRONICS Dusseldorf	Pair Corr
0.51	ZFI1	Zurich Insurance	Pair Corr
0.33	CHV	CHEVRON Dusseldorf	Pair Corr
0.93	C7T	CTT Correios	Pair Corr
0.89	SNQB	SANOMA Dusseldorf	Pair Corr
0.88	TL0	Tesla Inc Earnings Call This Week	Pair Corr
0.88	C8C	Consolidated Communications	Pair Corr
0.86	OD7B	ETFS Coffee ETC	Pair Corr
0.83	Z56	QINGCI GAMES INC	Pair Corr

Related Correlations Analysis

	VVUD	NC0E	NC0B	RRTL	NXZ	IJ7	SES	GTT	TM9
VVUD		-0.64	-0.65	0.46	0.23	0.17	0.9	-0.79	0.73	VVUD
NC0E	-0.64		0.99	-0.87	0.26	-0.59	-0.81	0.91	-0.46	NC0E
NC0B	-0.65	0.99		-0.86	0.29	-0.53	-0.81	0.93	-0.46	NC0B
RRTL	0.46	-0.87	-0.86		-0.29	0.61	0.61	-0.73	0.3	RRTL
NXZ	0.23	0.26	0.29	-0.29		-0.05	0.1	0.18	0.14	NXZ
IJ7	0.17	-0.59	-0.53	0.61	-0.05		0.32	-0.41	-0.07	IJ7
SES	0.9	-0.81	-0.81	0.61	0.1	0.32		-0.86	0.69	SES
GTT	-0.79	0.91	0.93	-0.73	0.18	-0.41	-0.86		-0.57	GTT
TM9	0.73	-0.46	-0.46	0.3	0.14	-0.07	0.69	-0.57		TM9
	VVUD	NC0E	NC0B	RRTL	NXZ	IJ7	SES	GTT	TM9

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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

NC0B	+ 0.99	NC0E
GTT	+ 0.93	NC0B
GTT	+ 0.91	NC0E
SES	+ 0.9	VVUD
TM9	+ 0.73	VVUD
TM9	+ 0.69	SES

High negative correlations

RRTL	- 0.87	NC0E
GTT	- 0.86	SES
RRTL	- 0.86	NC0B
SES	- 0.81	NC0B
SES	- 0.81	NC0E
GTT	- 0.79	VVUD

Risk-Adjusted Indicators

There is a big difference between VIVENDI Stock performing well and VIVENDI UNSPONARD 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 VIVENDI UNSPONARD'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
VVUD	1.99	(0.46)	0.00	(14.59)	0.00	0.00	3.45	(4.00)	18.63
NC0E	1.08	0.22	0.19	4.78	0.78	(1.60)	2.88	(1.57)	6.55
NC0B	0.90	0.25	0.20	3.32	0.60	(1.50)	3.13	(1.38)	6.42
RRTL	1.35	(0.11)	0.00	(7.59)	0.00	0.00	2.29	(2.32)	14.31
NXZ	1.37	0.02	0.01	0.15	1.78	(1.53)	2.85	(2.29)	10.89
IJ7	1.49	(0.04)	0.00	(0.31)	0.00	0.00	2.41	(2.35)	21.63
SES	1.59	(0.50)	0.00	(14.10)	0.00	0.00	2.74	(3.65)	10.48
GTT	1.46	0.38	0.27	(5.46)	1.07	(1.99)	3.53	(1.71)	15.45
TM9	3.06	0.09	0.02	0.06	4.78	(3.45)	9.89	(11.56)	30.27

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Our tools can tell you how much better you can do entering a position in VIVENDI UNSPONARD 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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