Vietnam National Correlations

VNR Stock   24,800  500.00  2.06%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vietnam National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vietnam National Reinsurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vietnam National Correlation With Market

Average diversification

The correlation between Vietnam National Reinsurance and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vietnam National Reinsurance and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vietnam National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vietnam National 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 Vietnam National - 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 Vietnam National Reinsurance to buy it.

Moving together with Vietnam Stock

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  0.62AAA An Phat PlasticPairCorr
  0.85APG APG Securities JointPairCorr
  0.85ABT Bentre Aquaproduct ImportPairCorr

Moving against Vietnam Stock

  0.88AME Alphanam MEPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vietnam Stock performing well and Vietnam National 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 Vietnam National'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vietnam National 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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