Veea Correlations
| VEEA Stock | 1.35 0.23 14.56% |
The correlation of Veea 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.
Veea Correlation With Market
Significant diversification
The correlation between Veea Inc and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veea Inc and DJI in the same portfolio, assuming nothing else is changed.
Veea |
Moving together with Veea Stock
| 0.87 | DMRC | Digimarc | PairCorr |
| 0.77 | DTST | Data Storage Corp Earnings Call This Week | PairCorr |
| 0.67 | DXC | DXC Technology Sell-off Trend | PairCorr |
| 0.8 | FIS | Fidelity National | PairCorr |
| 0.97 | PSN | Parsons Corp | PairCorr |
| 0.81 | UIS | Unisys | PairCorr |
| 0.86 | VYX | NCR Voyix | PairCorr |
| 0.68 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.64 | WYY | Widepoint C | PairCorr |
| 0.82 | GLOB | Globant SA | PairCorr |
| 0.81 | INFY | Infosys Ltd ADR | PairCorr |
| 0.75 | LDOS | Leidos Holdings | PairCorr |
| 0.84 | SLNHP | Soluna Holdings Preferred | PairCorr |
Moving against Veea Stock
| 0.87 | VNET | VNET Group DRC Earnings Call This Week | PairCorr |
| 0.58 | IBM | International Business | PairCorr |
| 0.53 | JZ | Jianzhi Education | PairCorr |
| 0.37 | FI | Fiserv, | PairCorr |
| 0.77 | IBEX | IBEX | PairCorr |
| 0.49 | MGIC | Magic Software Enter | PairCorr |
| 0.42 | WRD | WeRide American Depo | PairCorr |
| 0.31 | AUROW | Aurora Innovation | PairCorr |
Related Correlations Analysis
| 0.0 | 0.16 | 0.37 | 0.0 | 0.61 | 0.27 | NCMI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GWIN | ||
| 0.16 | 0.0 | 0.03 | 0.0 | 0.63 | 0.68 | VRA | ||
| 0.37 | 0.0 | 0.03 | 0.0 | 0.71 | 0.6 | TKR | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HYWI | ||
| 0.61 | 0.0 | 0.63 | 0.71 | 0.0 | 0.85 | SPHR | ||
| 0.27 | 0.0 | 0.68 | 0.6 | 0.0 | 0.85 | EWCZ | ||
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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 Veea Stock performing well and Veea 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 Veea'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCMI | 2.02 | (0.27) | 0.00 | (0.57) | 0.00 | 3.36 | 26.42 | |||
| GWIN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRA | 3.45 | (0.21) | 0.00 | (0.21) | 0.00 | 8.61 | 23.24 | |||
| TKR | 1.24 | 0.11 | 0.11 | 1.38 | 1.71 | 3.10 | 7.96 | |||
| HYWI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPHR | 2.05 | (0.08) | 0.00 | (0.17) | 0.00 | 4.86 | 20.04 | |||
| EWCZ | 2.94 | (0.10) | 0.00 | (0.15) | 0.00 | 5.56 | 28.27 |