Vision Marine Correlations

VMAR Stock

USD 0.62 0.01 1.64%

The correlation of Vision Marine 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.

Vision Marine Correlation With Market

Good diversification

The correlation between Vision Marine Technologies 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 Vision Marine Technologies 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 Vision Marine Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vision Stock

0.62	BC	Brunswick	Pair Corr
0.87	UA	Under Armour C	Pair Corr
0.94	DOOO	BRP Inc	Pair Corr
0.84	VNCE	Vince Holding Corp	Pair Corr
0.72	EZGO	EZGO Technologies	Pair Corr
0.67	BLD	Topbuild Corp	Pair Corr
0.63	BZH	Beazer Homes USA	Pair Corr
0.83	FOSL	Fossil Group	Pair Corr
0.8	DHI	DR Horton Sell-off Trend	Pair Corr
0.67	HOV	Hovnanian Enterprises	Pair Corr
0.61	KBH	KB Home	Pair Corr
0.8	KTB	Kontoor Brands	Pair Corr
0.68	MPX	Marine Products	Pair Corr
0.92	OXM	Oxford Industries	Pair Corr
0.89	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.71	SKX	Skechers USA	Pair Corr
0.66	TPH	TRI Pointe Homes	Pair Corr
0.86	VRA	Vera Bradley	Pair Corr
0.89	GIII	G III Apparel	Pair Corr
0.7	LGIH	LGI Homes	Pair Corr
0.67	LIVE	Live Ventures	Pair Corr
0.7	LULU	Lululemon Athletica	Pair Corr

Moving against Vision Stock

0.75	HAS	Hasbro Inc	Pair Corr
0.51	MAT	Mattel Inc	Pair Corr
0.51	SKY	Skyline	Pair Corr
0.78	JD	JD Inc Adr	Pair Corr
0.66	IH	Ihuman Inc	Pair Corr
0.43	GV	Visionary Education Buyout Trend	Pair Corr
0.37	LEGH	Legacy Housing Corp	Pair Corr

Related Correlations Analysis

	FRZA	EZGO	FUV	MCOM	VEEE	MBUU	PII	MCFT	LCII	THO
FRZA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FRZA
EZGO	0.0		0.0	0.0	0.32	0.54	0.79	0.43	0.43	0.38	EZGO
FUV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FUV
MCOM	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MCOM
VEEE	0.0	0.32	0.0	0.0		0.5	0.43	0.32	0.48	0.46	VEEE
MBUU	0.0	0.54	0.0	0.0	0.5		0.52	0.81	0.81	0.85	MBUU
PII	0.0	0.79	0.0	0.0	0.43	0.52		0.38	0.43	0.36	PII
MCFT	0.0	0.43	0.0	0.0	0.32	0.81	0.38		0.63	0.62	MCFT
LCII	0.0	0.43	0.0	0.0	0.48	0.81	0.43	0.63		0.93	LCII
THO	0.0	0.38	0.0	0.0	0.46	0.85	0.36	0.62	0.93		THO
	FRZA	EZGO	FUV	MCOM	VEEE	MBUU	PII	MCFT	LCII	THO

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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

THO	+ 0.93	LCII
THO	+ 0.85	MBUU
MCFT	+ 0.81	MBUU
LCII	+ 0.81	MBUU
PII	+ 0.79	EZGO
LCII	+ 0.63	MCFT

High negative correlations

THO	- 0.0	MCOM
LCII	- 0.0	MCOM
MCFT	- 0.0	MCOM
PII	- 0.0	MCOM
MBUU	- 0.0	MCOM
VEEE	- 0.0	MCOM

Risk-Adjusted Indicators

There is a big difference between Vision Stock performing well and Vision Marine 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 Vision Marine'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
FRZA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EZGO	4.23	(1.22)	0.00	(2.64)	0.00	0.00	6.12	(10.64)	20.16
FUV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VEEE	5.37	0.39	0.05	0.30	6.19	(7.83)	14.63	(10.20)	76.41
MBUU	2.07	(0.34)	0.00	(0.23)	0.00	0.00	3.93	(3.22)	11.03
PII	2.25	(0.41)	0.00	(0.35)	0.00	0.00	4.62	(4.98)	15.44
MCFT	1.83	(0.11)	0.00	(0.13)	0.00	0.00	2.89	(3.23)	22.81
LCII	1.58	(0.19)	0.00	(0.13)	0.00	0.00	2.58	(4.00)	10.45
THO	1.96	(0.27)	0.00	(0.27)	0.00	0.00	3.61	(4.09)	18.55

Vision Marine Corporate Management

Alexandre Mongeon	CEO CoFounder	Profile
BSc CA	Chief Officer	Profile
Xavier Montagne	CTO COO	Profile
Patrick Bobby	Secretary Operations	Profile
Raffi Sossoyan	Chief Officer	Profile

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