Vecima Networks Correlations

VNWTF Stock

USD 10.34 0.55 5.05%

The current 90-days correlation between Vecima Networks and ADTRAN Inc is 0.04 (i.e., Significant diversification). The correlation of Vecima Networks 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.

Vecima Networks Correlation With Market

Good diversification

The correlation between Vecima Networks and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vecima Networks and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vecima Pink Sheet

0.66	BKRKF	PT Bank Rakyat	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.83	PPERF	Bank Mandiri Persero	Pair Corr
0.81	PBCRY	Bank Central Asia	Pair Corr
0.73	PBCRF	PT Bank Central	Pair Corr
0.79	BKRKY	Bank Rakyat	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Vecima Pink Sheet

0.87	GIFI	Gulf Island Fabrication	Pair Corr
0.86	CNOBP	ConnectOne Bancorp	Pair Corr
0.86	XMTR	Xometry Upward Rally	Pair Corr
0.82	MAR	Marriott International	Pair Corr
0.81	GLABF	Gemina Laboratories Earnings Call This Week	Pair Corr
0.77	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.76	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.74	PETS	PetMed Express	Pair Corr
0.71	ZWS	Zurn Elkay Water	Pair Corr
0.66	BSGM	BioSig Technologies,	Pair Corr
0.65	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.64	ESGLW	ESGL Holdings Limited	Pair Corr
0.62	EVGR	Evergreen Corp	Pair Corr
0.57	M	Macys Inc	Pair Corr
0.5	GM	General Motors	Pair Corr
0.39	AXTG	Axis Technologies	Pair Corr
0.94	YPF	YPF Sociedad Anonima	Pair Corr
0.91	SAPMF	Saipem SpA	Pair Corr
0.89	FNMFO	Federal National Mortgage	Pair Corr
0.89	AS	Amer Sports,	Pair Corr
0.88	HUT	Hut 8 Corp	Pair Corr
0.88	TGTX	TG Therapeutics	Pair Corr
0.84	OBYCF	Obayashi	Pair Corr
0.83	RELY	Remitly Global Tech Boost	Pair Corr
0.81	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.8	NBIX	Neurocrine Biosciences	Pair Corr

Related Correlations Analysis

	EXTR	ADTN	CASA	NTGR	DGII	DZSI	HLIT	COMM	CMTL	CLFD
EXTR		0.86	0.04	0.86	0.76	-0.69	-0.39	-0.37	-0.44	-0.62	EXTR
ADTN	0.86		0.07	0.91	0.9	-0.6	-0.45	-0.68	-0.58	-0.85	ADTN
CASA	0.04	0.07		-0.09	-0.08	0.11	0.35	-0.17	0.42	-0.04	CASA
NTGR	0.86	0.91	-0.09		0.81	-0.73	-0.56	-0.54	-0.68	-0.82	NTGR
DGII	0.76	0.9	-0.08	0.81		-0.51	-0.43	-0.57	-0.56	-0.74	DGII
DZSI	-0.69	-0.6	0.11	-0.73	-0.51		0.25	0.15	0.4	0.57	DZSI
HLIT	-0.39	-0.45	0.35	-0.56	-0.43	0.25		0.28	0.72	0.55	HLIT
COMM	-0.37	-0.68	-0.17	-0.54	-0.57	0.15	0.28		0.41	0.74	COMM
CMTL	-0.44	-0.58	0.42	-0.68	-0.56	0.4	0.72	0.41		0.58	CMTL
CLFD	-0.62	-0.85	-0.04	-0.82	-0.74	0.57	0.55	0.74	0.58		CLFD
	EXTR	ADTN	CASA	NTGR	DGII	DZSI	HLIT	COMM	CMTL	CLFD

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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

NTGR	+ 0.91	ADTN
DGII	+ 0.9	ADTN
ADTN	+ 0.86	EXTR
NTGR	+ 0.86	EXTR
DGII	+ 0.81	NTGR
DGII	+ 0.76	EXTR

High negative correlations

CLFD	- 0.85	ADTN
CLFD	- 0.82	NTGR
CLFD	- 0.74	DGII
DZSI	- 0.73	NTGR
DZSI	- 0.69	EXTR
CMTL	- 0.68	NTGR

Risk-Adjusted Indicators

There is a big difference between Vecima Pink Sheet performing well and Vecima Networks 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 Vecima Networks' 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
EXTR	1.74	0.19	0.09	0.14	1.86	(1.90)	4.28	(3.07)	18.17
ADTN	2.10	0.53	0.23	0.42	1.85	(2.40)	5.64	(3.61)	23.49
CASA	3.57	0.01	0.00	(0.02)	4.57	(4.08)	9.09	(6.40)	38.27
NTGR	1.83	0.47	0.25	1.06	1.48	(2.26)	4.83	(3.05)	11.27
DGII	1.55	0.16	0.09	0.12	1.74	(1.70)	3.54	(2.97)	14.14
DZSI	5.85	(2.72)	0.00	(13.83)	0.00	0.00	8.73	(20.00)	63.79
HLIT	1.83	0.02	0.00	0.06	5.60	(1.48)	3.97	(3.87)	29.07
COMM	3.80	0.19	0.02	(0.18)	5.74	(4.10)	8.76	(6.66)	32.90
CMTL	5.13	0.32	0.05	0.16	6.38	(6.21)	14.52	(8.43)	40.77
CLFD	2.21	(0.45)	0.00	(0.36)	0.00	0.00	3.02	(5.26)	10.91

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Our tools can tell you how much better you can do entering a position in Vecima Networks 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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Vecima Networks Corporate Management

Dan Gledhill	VP Sales	Profile
David Hobb	VP Operations	Profile
Heather Asher	Gen Sec	Profile
Paul Boucher	VicePres Sales	Profile
Dale Booth	Chief Officer	Profile
Ryan Nicometo	Sr Unit	Profile

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