VerifyMe Correlations

VRME Stock  USD 0.93  0.06  6.93%   
The correlation of VerifyMe 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.

VerifyMe Correlation With Market

Good diversification

The correlation between VerifyMe and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VerifyMe 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 VerifyMe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade VerifyMe Stock refer to our How to Trade VerifyMe Stock guide.

Moving together with VerifyMe Stock

  0.66CLFD ClearfieldPairCorr

Moving against VerifyMe Stock

  0.39EBON Ebang InternationalPairCorr
  0.48RELL Richardson ElectronicsPairCorr
  0.44BELFA Bel Fuse A Tech BoostPairCorr
  0.34BELFB Bel Fuse BPairCorr
  0.5DGII Digi InternationalPairCorr
  0.49S SentinelOnePairCorr
  0.38FICO Fair Isaac Tech BoostPairCorr
  0.36EPAM EPAM SystemsPairCorr

Related Correlations Analysis

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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   
USIOOBLG
WHLMOBLG
SSNTOBLG
SSNTWHLM
USIOWHLM
MDIAWHLM
  
High negative correlations   
MDIAUSIO
MDIAOBLG
MDIASSNT
USIOSSNT
MDIAWHLM
USIOWHLM

Risk-Adjusted Indicators

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

VerifyMe Corporate Management