VirnetX Holding Correlations

VHC Stock

USD 8.89 0.57 6.85%

The current 90-days correlation between VirnetX Holding Corp and Hub Cyber Security is 0.32 (i.e., Weak diversification). The correlation of VirnetX Holding 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.

VirnetX Holding Correlation With Market

Good diversification

The correlation between VirnetX Holding Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VirnetX Holding Corp 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 VirnetX Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with VirnetX Stock

0.7	BB	BlackBerry	Pair Corr
0.69	VRSN	VeriSign	Pair Corr
0.67	HCP	Hashicorp	Pair Corr

Moving against VirnetX Stock

0.8	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.76	FMTO	Femto Technologies Symbol Change	Pair Corr
0.67	EVCM	EverCommerce	Pair Corr
0.61	VRAR	Glimpse Group Tech Boost	Pair Corr
0.59	VRNT	Verint Systems Earnings Call Tomorrow	Pair Corr
0.5	VRNS	Varonis Systems	Pair Corr
0.37	EEFT	Euronet Worldwide	Pair Corr
0.35	FLYW	Flywire Corp	Pair Corr
0.32	FIVN	Five9 Inc	Pair Corr
0.61	PAY	Paymentus Holdings	Pair Corr
0.46	SOS	SOS Limited	Pair Corr
0.45	TDC	Teradata Corp	Pair Corr
0.44	TLS	Telos Corp	Pair Corr
0.43	GEN	Gen Digital	Pair Corr
0.42	RPD	Rapid7 Inc	Pair Corr

Related Correlations Analysis

	HUBC	ZFOX	AUID	JG	TAOP	BLIN	DTSS	CISO	GRRR	TCX
HUBC		0.0	0.56	0.26	-0.12	0.66	0.15	0.04	0.0	-0.33	HUBC
ZFOX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ZFOX
AUID	0.56	0.0		-0.05	0.05	0.61	0.0	0.07	-0.48	-0.68	AUID
JG	0.26	0.0	-0.05		-0.6	-0.06	0.09	-0.48	0.58	0.33	JG
TAOP	-0.12	0.0	0.05	-0.6		0.02	0.47	0.84	-0.23	-0.14	TAOP
BLIN	0.66	0.0	0.61	-0.06	0.02		0.17	0.01	-0.29	-0.54	BLIN
DTSS	0.15	0.0	0.0	0.09	0.47	0.17		0.36	0.25	0.18	DTSS
CISO	0.04	0.0	0.07	-0.48	0.84	0.01	0.36		-0.18	-0.17	CISO
GRRR	0.0	0.0	-0.48	0.58	-0.23	-0.29	0.25	-0.18		0.67	GRRR
TCX	-0.33	0.0	-0.68	0.33	-0.14	-0.54	0.18	-0.17	0.67		TCX
	HUBC	ZFOX	AUID	JG	TAOP	BLIN	DTSS	CISO	GRRR	TCX

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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

CISO	+ 0.84	TAOP
TCX	+ 0.67	GRRR
BLIN	+ 0.66	HUBC
BLIN	+ 0.61	AUID
GRRR	+ 0.58	JG
AUID	+ 0.56	HUBC

High negative correlations

TCX	- 0.68	AUID
TAOP	- 0.6	JG
TCX	- 0.54	BLIN
CISO	- 0.48	JG
GRRR	- 0.48	AUID
TCX	- 0.33	HUBC

Risk-Adjusted Indicators

There is a big difference between VirnetX Stock performing well and VirnetX Holding 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 VirnetX Holding'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
HUBC	10.85	1.49	0.11	0.53	11.25	(13.67)	23.46	(15.00)	105.60
ZFOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUID	4.93	0.65	0.12	0.28	4.77	(6.55)	15.08	(8.96)	46.98
JG	8.69	1.66	0.22	1.24	6.87	(14.53)	18.38	(9.95)	167.07
TAOP	3.77	(0.14)	0.00	0.13	0.00	0.00	10.71	(9.68)	42.41
BLIN	5.32	0.39	0.07	13.92	6.04	(6.24)	11.88	(10.07)	45.75
DTSS	2.52	0.10	0.03	0.05	3.17	(2.83)	4.55	(5.19)	18.17
CISO	6.66	(1.11)	0.00	1.92	0.00	0.00	10.42	(22.50)	73.53
GRRR	10.45	2.61	0.20	0.89	11.57	(11.35)	22.20	(18.53)	65.08
TCX	2.27	0.12	0.05	0.46	3.21	(2.39)	2.98	(4.55)	36.66

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