Vaisala Oyj Correlations

VAIAS Stock

EUR 48.15 1.15 2.45%

The current 90-days correlation between Vaisala Oyj A and Qt Group Oyj is 0.09 (i.e., Significant diversification). The correlation of Vaisala Oyj 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.

Vaisala Oyj Correlation With Market

Modest diversification

The correlation between Vaisala Oyj A and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaisala Oyj A and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Vaisala Stock

0.64	NOKIA	Nokia Oyj	Pair Corr
0.46	HKFOODS	HKFoods Oyj A	Pair Corr
0.41	ERIBR	Telefonaktiebolaget	Pair Corr
0.38	KESKOB	Kesko Oyj	Pair Corr
0.35	KESKOA	Kesko Oyj	Pair Corr

Related Correlations Analysis

	HARVIA	QTCOM	KAMUX	VAIAS	SANOMA	ECOUP	BOREO	EXL1V	SITOWS	OMASP
HARVIA		0.55	0.51	0.03	-0.4	0.49	0.6	0.61	0.19	0.53	HARVIA
QTCOM	0.55		0.75	0.41	-0.85	0.82	0.9	0.95	0.54	0.91	QTCOM
KAMUX	0.51	0.75		0.28	-0.77	0.62	0.75	0.78	0.18	0.77	KAMUX
VAIAS	0.03	0.41	0.28		-0.28	0.26	0.13	0.33	0.43	0.41	VAIAS
SANOMA	-0.4	-0.85	-0.77	-0.28		-0.67	-0.87	-0.79	-0.27	-0.89	SANOMA
ECOUP	0.49	0.82	0.62	0.26	-0.67		0.84	0.82	0.47	0.83	ECOUP
BOREO	0.6	0.9	0.75	0.13	-0.87	0.84		0.91	0.41	0.92	BOREO
EXL1V	0.61	0.95	0.78	0.33	-0.79	0.82	0.91		0.6	0.88	EXL1V
SITOWS	0.19	0.54	0.18	0.43	-0.27	0.47	0.41	0.6		0.42	SITOWS
OMASP	0.53	0.91	0.77	0.41	-0.89	0.83	0.92	0.88	0.42		OMASP
	HARVIA	QTCOM	KAMUX	VAIAS	SANOMA	ECOUP	BOREO	EXL1V	SITOWS	OMASP

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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

EXL1V	+ 0.95	QTCOM
OMASP	+ 0.92	BOREO
OMASP	+ 0.91	QTCOM
EXL1V	+ 0.91	BOREO
BOREO	+ 0.9	QTCOM
OMASP	+ 0.88	EXL1V

High negative correlations

OMASP	- 0.89	SANOMA
BOREO	- 0.87	SANOMA
SANOMA	- 0.85	QTCOM
EXL1V	- 0.79	SANOMA
SANOMA	- 0.77	KAMUX
ECOUP	- 0.67	SANOMA

Risk-Adjusted Indicators

There is a big difference between Vaisala Stock performing well and Vaisala Oyj 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 Vaisala Oyj'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
HARVIA	1.43	(0.05)	0.00	(0.15)	0.00	0.00	2.77	(2.67)	7.95
QTCOM	1.49	(0.41)	0.00	1.64	0.00	0.00	2.35	(2.44)	21.08
KAMUX	1.53	(0.59)	0.00	(3.98)	0.00	0.00	2.65	(3.76)	21.76
VAIAS	1.19	0.03	0.00	0.09	1.74	(1.12)	2.25	(2.37)	7.56
SANOMA	1.18	0.27	0.16	2.23	1.15	(1.39)	2.99	(2.24)	6.46
ECOUP	3.08	(0.06)	0.00	(0.07)	0.00	0.00	9.17	(6.70)	24.59
BOREO	1.48	(0.59)	0.00	0.85	0.00	0.00	2.00	(3.14)	8.43
EXL1V	2.02	(0.44)	0.00	(1.50)	0.00	0.00	5.26	(3.57)	14.05
SITOWS	2.62	0.12	0.02	(0.30)	3.18	(2.82)	7.52	(4.07)	17.22
OMASP	1.69	(0.39)	0.00	2.39	0.00	0.00	2.56	(3.64)	13.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vaisala Oyj 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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