Twin Vee Correlations

VEEE Stock

USD 0.35 0.05 12.50%

The correlation of Twin Vee 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.

Twin Vee Correlation With Market

Average diversification

The correlation between Twin Vee Powercats and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Twin Vee Powercats 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 Twin Vee Powercats. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Related Correlations Analysis

	FUV	VMAR	MCOM	EZGO	LCII	CMOT	MPX	MCFT	FRZA	BC
FUV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FUV
VMAR	0.0		0.0	0.69	0.54	0.36	0.65	0.49	0.0	0.76	VMAR
MCOM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MCOM
EZGO	0.0	0.69	0.0		0.46	0.39	0.6	0.48	0.0	0.58	EZGO
LCII	0.0	0.54	0.0	0.46		0.37	0.7	0.67	0.0	0.83	LCII
CMOT	0.0	0.36	0.0	0.39	0.37		0.32	0.28	0.0	0.38	CMOT
MPX	0.0	0.65	0.0	0.6	0.7	0.32		0.81	0.0	0.87	MPX
MCFT	0.0	0.49	0.0	0.48	0.67	0.28	0.81		0.0	0.75	MCFT
FRZA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRZA
BC	0.0	0.76	0.0	0.58	0.83	0.38	0.87	0.75	0.0		BC
	FUV	VMAR	MCOM	EZGO	LCII	CMOT	MPX	MCFT	FRZA	BC

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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

BC	+ 0.87	MPX
BC	+ 0.83	LCII
MCFT	+ 0.81	MPX
BC	+ 0.76	VMAR
BC	+ 0.75	MCFT
MPX	+ 0.7	LCII

High negative correlations

BC	- 0.0	FRZA
FRZA	- 0.0	MCFT
FRZA	- 0.0	MPX
FRZA	- 0.0	CMOT
FRZA	- 0.0	LCII
FRZA	- 0.0	EZGO

Risk-Adjusted Indicators

There is a big difference between Twin Stock performing well and Twin Vee 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 Twin Vee'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
FUV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMAR	6.49	(0.73)	0.00	8.63	0.00	0.00	7.81	(14.18)	65.38
MCOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EZGO	4.47	(0.84)	0.00	(0.75)	0.00	0.00	7.41	(10.64)	25.24
LCII	1.56	(0.30)	0.00	(0.32)	0.00	0.00	2.58	(4.00)	10.45
CMOT	17.84	4.96	0.09	(2.66)	17.58	(70.51)	34.00	(45.45)	366.25
MPX	1.50	(0.15)	0.00	(0.29)	0.00	0.00	3.06	(3.26)	12.51
MCFT	1.80	(0.15)	0.00	(0.29)	0.00	0.00	2.89	(4.14)	22.81
FRZA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BC	1.54	(0.29)	0.00	(0.29)	0.00	0.00	2.70	(3.55)	9.68

Twin Vee Corporate Management

Carol Hindsman	Chief Officer	Profile
Thomas Huffman	Chief Officer	Profile
Jay Foster	Chief Officer	Profile
Glenn Sonoda	Secretary	Profile
Preston Yarborough	VP Director	Profile
Zachary Crane	Director Sales	Profile

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