Volkswagen Correlations

VLKAF Stock

USD 114.00 4.41 4.02%

The current 90-days correlation between Volkswagen AG and Bayerische Motoren Werke is 0.01 (i.e., Significant diversification). The correlation of Volkswagen 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.

Volkswagen Correlation With Market

Average diversification

The correlation between Volkswagen AG and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volkswagen AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Volkswagen Pink Sheet

0.73	BYDDY	BYD Co	Pair Corr
0.73	BYDDF	BYD Limited	Pair Corr
0.99	VWAGY	Volkswagen AG 110	Pair Corr
0.91	MBGAF	Mercedes Benz Group	Pair Corr
0.91	MBGYY	Mercedes Benz Group	Pair Corr
0.94	VLKPF	Volkswagen AG VZO	Pair Corr
0.99	VWAPY	Volkswagen AG Pref	Pair Corr
0.77	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.83	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.71	SSNLF	Samsung Electronics	Pair Corr
0.79	MFG	Mizuho Financial	Pair Corr
0.84	VOLVF	Volvo AB ser	Pair Corr
0.82	AGI	Alamos Gold Sell-off Trend	Pair Corr
0.82	DLO	Dlocal	Pair Corr
0.77	IVR	Invesco Mortgage Capital	Pair Corr
0.72	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.81	AXIL	AXIL Brands,	Pair Corr
0.68	PLTR	Palantir Technologies	Pair Corr
0.75	RM	Regional Management Corp	Pair Corr
0.73	MITUF	Mitsui Chemicals	Pair Corr
0.65	TVE	Tennessee Valley Aut	Pair Corr
0.71	FWEDF	Fireweed Zinc	Pair Corr
0.72	PINS	Pinterest	Pair Corr

Moving against Volkswagen Pink Sheet

0.54	KB	KB Financial Group	Pair Corr
0.56	SHG	Shinhan Financial	Pair Corr
0.53	IPIX	Innovation Pharmaceuticals	Pair Corr

Related Correlations Analysis

	BYMOF	HNDAF	POAHF	BAMXF	POAHY	VWAGY	BMWYY	MBGYY	MBGAF	VWAPY
BYMOF		-0.15	-0.1	-0.35	-0.17	-0.21	0.0	-0.17	-0.17	-0.22	BYMOF
HNDAF	-0.15		0.42	0.22	0.41	0.4	0.0	0.2	0.2	0.42	HNDAF
POAHF	-0.1	0.42		0.65	0.88	0.89	0.0	0.78	0.78	0.89	POAHF
BAMXF	-0.35	0.22	0.65		0.73	0.69	0.0	0.71	0.7	0.69	BAMXF
POAHY	-0.17	0.41	0.88	0.73		0.88	0.0	0.79	0.79	0.88	POAHY
VWAGY	-0.21	0.4	0.89	0.69	0.88		0.0	0.91	0.91	1.0	VWAGY
BMWYY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BMWYY
MBGYY	-0.17	0.2	0.78	0.71	0.79	0.91	0.0		1.0	0.89	MBGYY
MBGAF	-0.17	0.2	0.78	0.7	0.79	0.91	0.0	1.0		0.88	MBGAF
VWAPY	-0.22	0.42	0.89	0.69	0.88	1.0	0.0	0.89	0.88		VWAPY
	BYMOF	HNDAF	POAHF	BAMXF	POAHY	VWAGY	BMWYY	MBGYY	MBGAF	VWAPY

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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

VWAPY	+ 1.0	VWAGY
MBGAF	+ 1.0	MBGYY
MBGYY	+ 0.91	VWAGY
MBGAF	+ 0.91	VWAGY
VWAGY	+ 0.89	POAHF
VWAPY	+ 0.89	POAHF

High negative correlations

BAMXF	- 0.35	BYMOF
VWAPY	- 0.22	BYMOF
VWAGY	- 0.21	BYMOF
MBGAF	- 0.17	BYMOF
MBGYY	- 0.17	BYMOF
POAHY	- 0.17	BYMOF

Risk-Adjusted Indicators

There is a big difference between Volkswagen Pink Sheet performing well and Volkswagen 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 Volkswagen'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
BYMOF	0.01	(0.01)	0.00	1.81	0.00	0.00	0.00	0.00	0.29
HNDAF	2.19	0.10	0.03	0.29	2.63	(2.69)	4.99	(5.24)	15.94
POAHF	1.65	0.15	0.07	1.12	1.87	(1.86)	3.59	(3.16)	8.20
BAMXF	1.88	0.34	0.13	(1.81)	2.01	(2.28)	4.29	(3.09)	12.61
POAHY	1.14	0.12	0.07	1.49	1.34	(1.35)	2.73	(2.36)	7.07
VWAGY	1.31	0.32	0.20	1.13	1.29	(1.49)	3.30	(2.47)	7.81
BMWYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBGYY	1.25	0.19	0.11	0.58	1.49	(1.25)	2.84	(2.35)	6.73
MBGAF	1.37	0.20	0.13	0.58	1.46	(1.54)	3.19	(2.17)	7.12
VWAPY	1.26	0.34	0.20	1.23	1.31	(1.40)	2.94	(2.63)	8.27

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Our tools can tell you how much better you can do entering a position in Volkswagen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Volkswagen Corporate Management

Ralf Brandstatter	Member Division	Profile
Markus Duesmann	Member Management	Profile
Thomas Schafer	CEO Brand	Profile
Gunnar Kilian	Truck HR	Profile
Manfred Doss	Member Board	Profile
Hiltrud Werner	Member of the Management Board	Profile

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