VinFast Auto Correlations

VFS Stock

3.44 0.12 3.61%

The current 90-days correlation between VinFast Auto and KeyCorp is -0.01 (i.e., Good diversification). The correlation of VinFast Auto 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VinFast Auto Correlation With Market

Average diversification

The correlation between VinFast Auto Ltd and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VinFast Auto Ltd 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 VinFast Auto Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with VinFast Stock

0.69	GM	General Motors Aggressive Push	Pair Corr
0.69	LCID	Lucid Group Buyout Trend	Pair Corr
0.86	RIVN	Rivian Automotive Buyout Trend	Pair Corr
0.74	WEYS	Weyco Group	Pair Corr
0.9	FIVE	Five Below	Pair Corr
0.64	AAP	Advance Auto Parts	Pair Corr
0.69	FNKO	Funko Inc	Pair Corr
0.86	CAL	Continental	Pair Corr
0.85	CMG	Chipotle Mexican Grill	Pair Corr
0.87	CRI	Carters	Pair Corr
0.91	DBI	Designer Brands	Pair Corr
0.75	DHI	DR Horton	Pair Corr
0.88	DTC	Solo Brands	Pair Corr
0.87	FUN	Six Flags Entertainment	Pair Corr
0.81	KTB	Kontoor Brands	Pair Corr
0.78	LEN	Lennar	Pair Corr
0.82	NVR	NVR Inc	Pair Corr

Moving against VinFast Stock

0.92	VIPS	Vipshop Holdings	Pair Corr
0.86	AZO	AutoZone	Pair Corr
0.79	JD	JD Inc Adr	Pair Corr
0.73	GPC	Genuine Parts	Pair Corr
0.72	AGS	PlayAGS	Pair Corr
0.59	EVRI	Everi Holdings	Pair Corr
0.54	HAS	Hasbro Inc	Pair Corr
0.48	DPZ	Dominos Pizza Common	Pair Corr
0.82	YUM	Yum Brands	Pair Corr
0.79	PDD	PDD Holdings Aggressive Push	Pair Corr
0.77	LNW	Light Wonder	Pair Corr
0.68	LTH	Life Time Group	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.63	MAT	Mattel Inc	Pair Corr

Related Correlations Analysis

	UVSP	IAS	IRDM	ATEX	KEY-PI	BBDC	ALDF
UVSP		0.62	0.39	0.0	-0.06	0.41	-0.03	UVSP
IAS	0.62		0.41	-0.2	-0.39	0.32	-0.31	IAS
IRDM	0.39	0.41		0.49	0.1	0.57	0.14	IRDM
ATEX	0.0	-0.2	0.49		0.47	0.55	0.72	ATEX
KEY-PI	-0.06	-0.39	0.1	0.47		0.55	0.65	KEY-PI
BBDC	0.41	0.32	0.57	0.55	0.55		0.58	BBDC
ALDF	-0.03	-0.31	0.14	0.72	0.65	0.58		ALDF
	UVSP	IAS	IRDM	ATEX	KEY-PI	BBDC	ALDF

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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

ALDF	+ 0.72	ATEX
ALDF	+ 0.65	KEY-PI
IAS	+ 0.62	UVSP
ALDF	+ 0.58	BBDC
BBDC	+ 0.57	IRDM
BBDC	+ 0.55	ATEX

High negative correlations

KEY-PI	- 0.39	IAS
ALDF	- 0.31	IAS
ATEX	- 0.2	IAS
KEY-PI	- 0.06	UVSP
ALDF	- 0.03	UVSP
ATEX	- 0.0	UVSP

Risk-Adjusted Indicators

There is a big difference between VinFast Stock performing well and VinFast Auto 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 VinFast Auto'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
UVSP	1.27	(0.05)	0.00	(0.11)	0.00	0.00	2.50	(3.19)	6.94
IAS	1.44	(0.29)	0.00	0.51	0.00	0.00	1.95	(3.51)	14.44
IRDM	1.75	(0.02)	0.00	(0.09)	0.00	0.00	2.69	(3.25)	22.16
ATEX	2.30	0.36	0.15	0.17	1.94	(3.28)	3.98	(3.32)	30.60
KEY-PI	0.58	0.09	0.19	0.40	0.68	(0.60)	1.31	(1.05)	3.97
BBDC	0.78	0.01	0.06	0.81	1.22	(0.72)	1.45	(2.08)	5.91
ALDF	0.08	0.02	0.57	1.15	0.00	(0.15)	0.20	(0.10)	0.50

VinFast Auto Corporate Management

Anh Nguyen	Chief Officer	Profile
Chau Pham	Chief India	Profile
Trinh Le	Deputy Technology	Profile
Stuart Taylor	Deputy Services	Profile
Michael Johnson	Deputy Manufacturing	Profile

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