VZ Holding Correlations
| VZN Stock | CHF 142.20 1.40 0.99% |
The current 90-days correlation between VZ Holding AG and Helvetia Holding AG is 0.21 (i.e., Modest diversification). The correlation of VZ Holding 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.
VZ Holding Correlation With Market
Weak diversification
The correlation between VZ Holding AG and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VZ Holding AG and DJI in the same portfolio, assuming nothing else is changed.
VZN |
The ability to find closely correlated positions to VZ Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VZ Holding 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 VZ Holding - 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 VZ Holding AG to buy it.
Moving together with VZN Stock
| 0.66 | PGHN | Partners Group Holding | PairCorr |
| 0.95 | BAER | Julius Baer Gruppe | PairCorr |
| 0.84 | VONN | Vontobel Holding | PairCorr |
| 0.94 | UBSG | UBS Group AG | PairCorr |
Moving against VZN Stock
| 0.85 | NBEN | Nebag ag | PairCorr |
| 0.61 | BBN | Bellevue Group AG | PairCorr |
| 0.54 | ALPN | Alpine Select AG | PairCorr |
| 0.45 | LEON | Leonteq AG | PairCorr |
Related Correlations Analysis
| -0.74 | 0.26 | 0.27 | 0.7 | HELN | ||
| -0.74 | 0.11 | 0.19 | -0.67 | TECN | ||
| 0.26 | 0.11 | 0.71 | 0.09 | SFZN | ||
| 0.27 | 0.19 | 0.71 | -0.1 | BEAN | ||
| 0.7 | -0.67 | 0.09 | -0.1 | VONN | ||
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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
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Risk-Adjusted Indicators
There is a big difference between VZN Stock performing well and VZ Holding 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 VZ Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HELN | 0.66 | 0.17 | 0.11 | 0.76 | 0.44 | 1.11 | 7.46 | |||
| TECN | 1.18 | (0.47) | 0.00 | (3.04) | 0.00 | 2.13 | 18.23 | |||
| SFZN | 0.98 | (0.01) | (0.08) | 0.04 | 1.35 | 2.21 | 9.01 | |||
| BEAN | 0.80 | 0.01 | (0.07) | 0.14 | 0.87 | 1.55 | 6.49 | |||
| VONN | 0.62 | (0.02) | (0.09) | 0.07 | 0.80 | 1.97 | 4.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in VZ Holding 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?
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VZ Holding Corporate Management
Elected by the shareholders, the VZ Holding's board of directors comprises two types of representatives: VZ Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VZN. The board's role is to monitor VZ Holding's management team and ensure that shareholders' interests are well served. VZ Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, VZ Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rafael Pfaffen | CFO Board | Profile | |
| Lorenz Heim | Member Board | Profile | |
| Manuel Rutsche | Member Bank | Profile | |
| Giulio Vitarelli | Member Board | Profile | |
| Matthias Reinhart | Chairman CEO | Profile | |
| Thomas Schonbucher | Member Board | Profile | |
| Simon Tellenbach | Director Board | Profile |