Van Dien Correlations
| VAF Stock | 18,300 850.00 4.44% |
The current 90-days correlation between Van Dien Fused and AgriBank Securities JSC is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Van Dien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Van Dien Fused moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Van Dien Correlation With Market
Good diversification
The correlation between Van Dien Fused and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Van Dien Fused and DJI in the same portfolio, assuming nothing else is changed.
Van |
The ability to find closely correlated positions to Van Dien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Van Dien 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 Van Dien - 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 Van Dien Fused to buy it.
Related Correlations Analysis
| 0.71 | 0.59 | 0.99 | 0.66 | -0.19 | 0.66 | AGR | ||
| 0.71 | 0.45 | 0.69 | 0.68 | -0.1 | 0.77 | CTG | ||
| 0.59 | 0.45 | 0.62 | 0.78 | -0.06 | 0.64 | BMI | ||
| 0.99 | 0.69 | 0.62 | 0.68 | -0.19 | 0.66 | CTS | ||
| 0.66 | 0.68 | 0.78 | 0.68 | -0.25 | 0.86 | VIP | ||
| -0.19 | -0.1 | -0.06 | -0.19 | -0.25 | -0.33 | PGI | ||
| 0.66 | 0.77 | 0.64 | 0.66 | 0.86 | -0.33 | NSH | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Van Stock performing well and Van Dien 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 Van Dien'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGR | 0.90 | 0.13 | 0.25 | 1.65 | 0.81 | 2.74 | 4.68 | |||
| CTG | 0.85 | 0.23 | 0.34 | (1.19) | 0.71 | 3.29 | 8.35 | |||
| BMI | 1.01 | 0.02 | 0.10 | 0.03 | 1.19 | 2.50 | 6.77 | |||
| CTS | 1.06 | 0.12 | 0.27 | (0.95) | 0.89 | 2.69 | 6.09 | |||
| VIP | 1.34 | 0.10 | 0.12 | 0.26 | 1.51 | 3.92 | 9.26 | |||
| PGI | 2.31 | 0.12 | 0.06 | (0.52) | 3.14 | 6.67 | 13.48 | |||
| NSH | 2.98 | 0.37 | 0.10 | 0.47 | 3.18 | 9.09 | 19.38 |
Van Dien Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Van Dien stock to make a market-neutral strategy. Peer analysis of Van Dien could also be used in its relative valuation, which is a method of valuing Van Dien by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |