Vestas Wind Correlations

VWDRY Stock

USD 4.58 0.04 0.87%

The current 90-days correlation between Vestas Wind Systems and Kone Oyj ADR is 0.33 (i.e., Weak diversification). The correlation of Vestas Wind 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.

Vestas Wind Correlation With Market

Good diversification

The correlation between Vestas Wind Systems and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vestas Wind Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Vestas Pink Sheet

0.92	EMR	Emerson Electric	Pair Corr
0.89	PH	Parker Hannifin Sell-off Trend	Pair Corr
0.85	ETN	Eaton PLC Sell-off Trend	Pair Corr
0.83	ITW	Illinois Tool Works	Pair Corr
0.81	FSTF	First State Financial	Pair Corr
0.63	SIEGY	Siemens AG ADR	Pair Corr
0.41	ATLPF	Atlas Copco AB	Pair Corr
0.38	SMAWF	Siemens AG Class	Pair Corr
0.95	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.94	ALAB	Astera Labs, Common	Pair Corr
0.93	ADSK	Autodesk	Pair Corr
0.92	GVA	Granite Construction	Pair Corr
0.91	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.91	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.89	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.89	ZM	Zoom Video Communications	Pair Corr
0.85	NVDA	NVIDIA	Pair Corr
0.85	GM	General Motors Aggressive Push	Pair Corr
0.83	DECK	Deckers Outdoor	Pair Corr
0.78	DXYZ	Destiny Tech100	Pair Corr
0.69	SNOW	Snowflake Trending	Pair Corr
0.65	RCAT	Red Cat Holdings Trending	Pair Corr
0.59	APLD	Applied Blockchain Trending	Pair Corr
0.45	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	KNYJY	SBGSF	SBGSY	FANUY	SMGZY	SIEGY	SMR	BLDP	SMEGF	HI
KNYJY		0.62	0.61	0.28	-0.01	-0.37	-0.36	0.51	-0.17	-0.73	KNYJY
SBGSF	0.62		0.89	0.03	-0.24	0.04	0.15	0.04	0.31	-0.38	SBGSF
SBGSY	0.61	0.89		0.11	-0.29	0.1	0.19	0.03	0.38	-0.35	SBGSY
FANUY	0.28	0.03	0.11		0.36	-0.25	-0.51	0.54	-0.45	0.17	FANUY
SMGZY	-0.01	-0.24	-0.29	0.36		-0.5	-0.66	0.52	-0.62	0.02	SMGZY
SIEGY	-0.37	0.04	0.1	-0.25	-0.5		0.7	-0.54	0.63	0.4	SIEGY
SMR	-0.36	0.15	0.19	-0.51	-0.66	0.7		-0.86	0.92	0.35	SMR
BLDP	0.51	0.04	0.03	0.54	0.52	-0.54	-0.86		-0.81	-0.34	BLDP
SMEGF	-0.17	0.31	0.38	-0.45	-0.62	0.63	0.92	-0.81		0.17	SMEGF
HI	-0.73	-0.38	-0.35	0.17	0.02	0.4	0.35	-0.34	0.17		HI
	KNYJY	SBGSF	SBGSY	FANUY	SMGZY	SIEGY	SMR	BLDP	SMEGF	HI

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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

SMEGF	+ 0.92	SMR
SBGSY	+ 0.89	SBGSF
SMR	+ 0.7	SIEGY
SMEGF	+ 0.63	SIEGY
SBGSF	+ 0.62	KNYJY
SBGSY	+ 0.61	KNYJY

High negative correlations

BLDP	- 0.86	SMR
SMEGF	- 0.81	BLDP
HI	- 0.73	KNYJY
SMR	- 0.66	SMGZY
SMEGF	- 0.62	SMGZY
BLDP	- 0.54	SIEGY

Risk-Adjusted Indicators

There is a big difference between Vestas Pink Sheet performing well and Vestas Wind 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 Vestas Wind'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
KNYJY	1.09	(0.02)	0.00	0.42	0.00	0.00	2.74	(2.92)	7.71
SBGSF	1.70	(0.04)	(0.04)	0.06	2.16	(1.75)	3.39	(3.14)	11.75
SBGSY	1.18	(0.09)	(0.06)	0.02	1.49	(1.18)	2.35	(1.95)	8.25
FANUY	1.38	(0.26)	0.00	(0.10)	0.00	0.00	2.89	(2.90)	8.65
SMGZY	1.38	(0.09)	0.00	(0.02)	0.00	0.00	2.40	(3.27)	11.48
SIEGY	1.29	0.48	0.27	2.41	0.97	(1.52)	3.53	(1.58)	10.83
SMR	6.00	1.73	0.43	0.48	3.94	(7.29)	13.76	(7.73)	48.00
BLDP	3.04	(0.39)	0.00	1.18	0.00	0.00	5.47	(5.36)	29.69
SMEGF	2.01	0.86	0.50	1.44	0.99	(2.75)	4.60	(2.33)	14.20
HI	2.34	(0.19)	(0.01)	0.04	2.57	(2.77)	3.79	(4.06)	14.46

Be your own money manager

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

Hans Smith	Sr. VP of Investor Relations	Profile
Morten Dyrholm	Communications Marketing	Profile
Mathias Dalsten	VP Relations	Profile
Anders Nielsen	Ex CTO	Profile
Javier Diez	Ex Officer	Profile
Kerstin Knapp	Ex Culture	Profile
Tommy Nielsen	Ex COO	Profile

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