Visa Correlations

V Stock

USD 339.87 5.10 1.52%

The current 90-days correlation between Visa Class A and American Express is 0.7 (i.e., Poor diversification). The correlation of Visa 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.

Visa Correlation With Market

Poor diversification

The correlation between Visa Class A and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Visa Class A and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Visa Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Visa Stock

0.72	AC	Associated Capital	Pair Corr
0.62	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.81	DX	Dynex Capital	Pair Corr
0.79	LX	Lexinfintech Holdings	Pair Corr
0.93	MA	Mastercard	Pair Corr
0.84	XP	Xp Inc Normal Trading	Pair Corr
0.61	DMYY	dMY Squared Technology	Pair Corr
0.85	DOMH	Dominari Holdings	Pair Corr
0.87	GCMGW	GCM Grosvenor	Pair Corr
0.77	VMCA	Valuence Merger Corp	Pair Corr
0.9	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Visa Stock

0.68	LC	LendingClub Corp	Pair Corr
0.61	WD	Walker Dunlop	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.43	BX	Blackstone Group Normal Trading	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.76	VRTS	Virtus Investment	Pair Corr
0.66	LGHLW	Lion Financial Group	Pair Corr
0.54	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	AXP	PYPL	COF	UPST	MA	ALLY	SOFI
AXP		0.67	0.81	0.59	0.27	0.83	0.88	AXP
PYPL	0.67		0.18	0.4	-0.42	0.39	0.8	PYPL
COF	0.81	0.18		0.55	0.7	0.9	0.59	COF
UPST	0.59	0.4	0.55		0.36	0.62	0.69	UPST
MA	0.27	-0.42	0.7	0.36		0.53	0.03	MA
ALLY	0.83	0.39	0.9	0.62	0.53		0.73	ALLY
SOFI	0.88	0.8	0.59	0.69	0.03	0.73		SOFI
	AXP	PYPL	COF	UPST	MA	ALLY	SOFI

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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

ALLY	+ 0.9	COF
SOFI	+ 0.88	AXP
ALLY	+ 0.83	AXP
COF	+ 0.81	AXP
SOFI	+ 0.8	PYPL
SOFI	+ 0.73	ALLY

High negative correlations

- 0.42

PYPL

Risk-Adjusted Indicators

There is a big difference between Visa Stock performing well and Visa 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 Visa'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
AXP	1.23	(0.08)	0.00	(0.16)	0.00	0.00	2.10	(3.15)	8.33
PYPL	1.77	(0.25)	0.00	(0.31)	0.00	0.00	3.05	(3.45)	16.97
COF	1.65	0.02	0.00	(0.08)	0.00	0.00	3.23	(3.85)	9.74
UPST	4.13	(0.31)	0.00	(0.26)	0.00	0.00	6.45	(8.31)	43.54
MA	0.86	0.08	0.08	0.00	1.19	(0.87)	2.03	(2.08)	6.59
ALLY	1.47	0.00	0.00	(0.10)	0.00	0.00	3.30	(3.67)	10.23
SOFI	3.35	(0.06)	0.00	(0.12)	0.00	0.00	6.15	(8.25)	19.68

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