Victory Energy Correlations

VYEY Stock  USD 0.30  0.00  0.00%   
The current 90-days correlation between Victory Energy Corp and Auri Inc is -0.02 (i.e., Good diversification). The correlation of Victory Energy 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.

Victory Energy Correlation With Market

Average diversification

The correlation between Victory Energy Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Victory Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Victory Energy 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 Victory Energy - 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 Victory Energy Corp to buy it.

Moving together with Victory Pink Sheet

  0.69CHOLF China Oilfield ServicesPairCorr
  0.66PKX POSCO HoldingsPairCorr
  0.75HYMTF Hyundai MotorPairCorr
  0.77KO Coca Cola Aggressive PushPairCorr
  0.73PFE Pfizer Inc Aggressive PushPairCorr

Moving against Victory Pink Sheet

  0.75BKR Baker Hughes Fiscal Year End 28th of January 2025 PairCorr
  0.75TS Tenaris SA ADRPairCorr
  0.71PLTR Palantir Technologies Aggressive PushPairCorr
  0.69FI Fiserv,PairCorr
  0.64TNRSF Tenaris SAPairCorr
  0.61AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.6FTI TechnipFMC PLCPairCorr
  0.32KB KB Financial GroupPairCorr
  0.7BAC Bank of America Aggressive PushPairCorr
  0.68JPM JPMorgan Chase Sell-off TrendPairCorr
  0.65WMT Walmart Aggressive PushPairCorr
  0.64CSCO Cisco Systems Sell-off TrendPairCorr
  0.63DIS Walt Disney Sell-off TrendPairCorr
  0.57AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.55T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.54TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.41HPQ HP IncPairCorr
  0.35CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
TOTZFTRRVF
TOTZFHAL
CFWFFPOFCY
HGHAFCFWFF
TRRVFHAL
TOTZFAURI
  
High negative correlations   
TOTZFPOFCY
TRRVFPOFCY
HGHAFETOLF
TRRVFCFWFF
ETOLFCFWFF
ETOLFPOFCY

Risk-Adjusted Indicators

There is a big difference between Victory Pink Sheet performing well and Victory Energy 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 Victory Energy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HAL  1.38 (0.10)(0.04) 0.04  1.84 
 3.03 
 10.02 
POFCY  5.00 (0.55) 0.00 (0.08) 0.00 
 16.67 
 39.08 
AKKVF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CFWFF  0.89 (0.05) 0.00  0.43  0.00 
 2.96 
 9.26 
AURI  30.30  9.43  0.17 (3.33) 21.30 
 100.00 
 150.00 
USEI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
TRRVF  1.38  0.14  0.03  0.34  2.05 
 3.84 
 13.60 
ETOLF  3.44  0.48  0.10  0.51  4.24 
 9.55 
 29.47 
HGHAF  1.60 (0.46) 0.00 (0.46) 0.00 
 3.53 
 14.76 
TOTZF  1.16  0.23  0.08  1.14  1.04 
 2.62 
 6.65 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Victory Energy 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.

Did you try this?

Run Sync Your Broker Now

   

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
All  Next Launch Module