Visicons Construction Correlations

VC6 Stock

25,300 2,700 9.64%

The current 90-days correlation between Visicons Construction and and MST Investment JSC is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Visicons Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Visicons Construction and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Visicons Construction Correlation With Market

Significant diversification

The correlation between Visicons Construction and and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Visicons Construction and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Visicons Stock

0.72	CTG	Vietnam JSCmmercial Bank	Pair Corr
0.66	CEO	CEO Group JSC	Pair Corr
0.84	L18	Construction And Inv	Pair Corr
0.61	SMN	South Books Educational	Pair Corr
0.76	EID	Ha Noi Education	Pair Corr
0.81	PTC	Post and Telecommuni	Pair Corr
0.75	PTS	Haiphong PTS JSC	Pair Corr
0.8	DBC	Dabaco	Pair Corr
0.69	JVC	Japan Vietnam Medical	Pair Corr
0.67	GLT	Global Electrical	Pair Corr
0.78	LDG	LDG Investment JSC	Pair Corr
0.81	TDG	TDG Global Investment	Pair Corr
0.78	SBT	Thanh Thanh Cong Split	Pair Corr
0.71	SCI	SCI EC JSC	Pair Corr
0.77	AGR	AgriBank Securities JSC	Pair Corr
0.86	VCI	Viet Capital Securities	Pair Corr
0.85	FTS	FPT Securities JSC	Pair Corr
0.82	VNI	VN Index	Pair Corr

Related Correlations Analysis

	MST	DAD	BIC	THG	FRT	DAT	TTF
MST		-0.01	-0.23	-0.13	0.45	-0.31	-0.15	MST
DAD	-0.01		-0.25	-0.18	0.22	-0.05	-0.37	DAD
BIC	-0.23	-0.25		0.67	-0.29	0.23	0.52	BIC
THG	-0.13	-0.18	0.67		-0.11	0.18	0.4	THG
FRT	0.45	0.22	-0.29	-0.11		-0.27	-0.25	FRT
DAT	-0.31	-0.05	0.23	0.18	-0.27		-0.04	DAT
TTF	-0.15	-0.37	0.52	0.4	-0.25	-0.04		TTF
	MST	DAD	BIC	THG	FRT	DAT	TTF

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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

THG	+ 0.67	BIC
TTF	+ 0.52	BIC
FRT	+ 0.45	MST
TTF	+ 0.4	THG
DAT	+ 0.23	BIC
FRT	+ 0.22	DAD

High negative correlations

TTF	- 0.37	DAD
DAT	- 0.31	MST
FRT	- 0.29	BIC
DAT	- 0.27	FRT
TTF	- 0.25	FRT
BIC	- 0.25	DAD

Risk-Adjusted Indicators

There is a big difference between Visicons Stock performing well and Visicons Construction 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 Visicons Construction'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
MST	1.85	0.26	0.11	0.25	1.94	(2.46)	2.99	(4.11)	13.96
DAD	2.46	(0.02)	0.03	(0.06)	3.27	(3.42)	6.50	(6.70)	19.73
BIC	0.89	0.04	0.14	(0.63)	0.92	(1.24)	2.54	(1.47)	7.26
THG	1.42	0.48	0.34	(1.85)	1.22	(1.62)	5.11	(3.10)	12.01
FRT	0.99	0.00	0.07	(0.08)	1.43	(1.03)	2.39	(2.39)	9.37
DAT	1.48	0.06	0.04	0.01	2.08	(1.97)	4.91	(4.43)	12.75
TTF	0.89	0.06	0.14	0.37	0.96	(1.15)	1.95	(1.62)	9.71

Visicons Construction 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 Visicons Construction stock to make a market-neutral strategy. Peer analysis of Visicons Construction could also be used in its relative valuation, which is a method of valuing Visicons Construction by comparing valuation metrics with similar companies.

MST Investment JSC Danang Education Investment BIDV Insurance Corp Tien Giang Investment FPT Digital Retail Travel Investment and Truong Thanh Furniture American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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