Velan Correlations

VLN Stock

CAD 16.25 1.35 9.06%

The current 90-days correlation between Velan Inc and TVA Group is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Velan Correlation With Market

Good diversification

The correlation between Velan Inc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velan Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Velan Stock

0.64	CEF	Sprott Physical Gold	Pair Corr
0.61	SLF-PC	Sun Life Financial	Pair Corr
0.65	SLF-PD	Sun Life Financial	Pair Corr
0.76	SLF-PG	Sun Life Non	Pair Corr
0.7	MFC-PM	Manulife Financial Corp	Pair Corr
0.83	RAMP	Ramp Metals	Pair Corr
0.67	K	Kinross Gold Corp	Pair Corr
0.79	PPL-PC	Pembina Pipeline Corp	Pair Corr
0.77	AFE	Africa Energy Corp Earnings Call This Week	Pair Corr
0.61	ASCU	Arizona Sonoran Copper	Pair Corr
0.77	IPCO	International Petroleum	Pair Corr
0.78	TDG	TDG Gold Corp	Pair Corr
0.65	TMQ	Trilogy Metals	Pair Corr
0.69	MFC-PN	Manulife Financial Corp	Pair Corr

Moving against Velan Stock

0.69	PVF-UN	Partners Value Inves	Pair Corr
0.44	HFPC-U	Helios Fairfax Partners	Pair Corr
0.37	SXL	Slam Exploration	Pair Corr
0.36	CSOC-A	Canso Select Opportu	Pair Corr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Velan 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.

Did you try this?

Run Portfolio Diagnostics Now

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings

All Next

Launch Module

Velan Corporate Management

Elected by the shareholders, the Velan's board of directors comprises two types of representatives: Velan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Velan. The board's role is to monitor Velan's management team and ensure that shareholders' interests are well served. Velan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Velan's outside directors are responsible for providing unbiased perspectives on the board's policies.

Karel Velan	Founder Emeritus	Profile
Shane Velan	Chief Officer	Profile
Paul Poirier	Chief America	Profile
Laurent Pefferkorn	Executive SBU	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC