Vertiv Holdings Correlations

VRT Stock

USD 88.63 0.45 0.51%

The current 90-days correlation between Vertiv Holdings and Hubbell is 0.84 (i.e., Very poor diversification). The correlation of Vertiv Holdings 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.

Vertiv Holdings Correlation With Market

Weak diversification

The correlation between Vertiv Holdings Co and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vertiv Holdings Co 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 Vertiv Holdings Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Vertiv Stock

0.65	TE	T1 Energy Symbol Change	Pair Corr
0.79	ELPW	Elong Power Holding	Pair Corr
0.71	ENVX	Enovix Corp	Pair Corr
0.65	EOSE	Eos Energy Enterprises	Pair Corr
0.75	FCEL	FuelCell Energy	Pair Corr
0.7	FLUX	Flux Power Holdings	Pair Corr
0.75	AYI	Acuity Brands	Pair Corr
0.75	EAF	GrafTech International	Pair Corr
0.78	ENR	Energizer Holdings	Pair Corr
0.66	ESP	Espey Mfg Electronics	Pair Corr
0.82	GWH	ESS Tech	Pair Corr
0.94	NVT	nVent Electric PLC	Pair Corr
0.82	NVX	Novonix Ltd ADR	Pair Corr
0.69	XPON	Expion360	Pair Corr
0.71	STI	Solidion Technology	Pair Corr
0.67	EOSEW	Eos Energy Enterprises	Pair Corr
0.85	PITAW	Heramba Electric plc	Pair Corr
0.93	HUBB	Hubbell	Pair Corr
0.89	IPWR	Ideal Power	Pair Corr
0.71	ADSEW	ADS TEC ENERGY	Pair Corr
0.64	NEOV	NeoVolta Common Stock	Pair Corr
0.74	PITA	Heramba Electric plc	Pair Corr

Moving against Vertiv Stock

0.33	ENS	Enersys	Pair Corr
0.32	EPOW	Sunrise New Energy	Pair Corr
0.38	LTBR	Lightbridge Corp	Pair Corr

Related Correlations Analysis

	NVT	HUBB	AEIS	ENR	ENS	AYI	KE	WIRE	ABBNY	BE
NVT		0.95	0.71	0.82	-0.32	0.76	0.76	0.0	0.0	0.4	NVT
HUBB	0.95		0.62	0.92	-0.42	0.76	0.83	0.0	0.0	0.24	HUBB
AEIS	0.71	0.62		0.41	0.16	0.71	0.67	0.0	0.0	0.39	AEIS
ENR	0.82	0.92	0.41		-0.65	0.51	0.82	0.0	0.0	0.04	ENR
ENS	-0.32	-0.42	0.16	-0.65		0.1	-0.34	0.0	0.0	0.18	ENS
AYI	0.76	0.76	0.71	0.51	0.1		0.58	0.0	0.0	0.22	AYI
KE	0.76	0.83	0.67	0.82	-0.34	0.58		0.0	0.0	0.11	KE
WIRE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WIRE
ABBNY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ABBNY
BE	0.4	0.24	0.39	0.04	0.18	0.22	0.11	0.0	0.0		BE
	NVT	HUBB	AEIS	ENR	ENS	AYI	KE	WIRE	ABBNY	BE

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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

HUBB	+ 0.95	NVT
ENR	+ 0.92	HUBB
KE	+ 0.83	HUBB
ENR	+ 0.82	NVT
KE	+ 0.82	ENR
AYI	+ 0.76	NVT

High negative correlations

ENS	- 0.65	ENR
ENS	- 0.42	HUBB
KE	- 0.34	ENS
ENS	- 0.32	NVT
BE	- 0.0	ABBNY
BE	- 0.0	WIRE

Risk-Adjusted Indicators

There is a big difference between Vertiv Stock performing well and Vertiv Holdings 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 Vertiv Holdings' 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
NVT	1.82	(0.30)	0.00	(0.35)	0.00	0.00	3.32	(4.58)	19.05
HUBB	1.50	(0.35)	0.00	(0.39)	0.00	0.00	2.37	(3.57)	11.92
AEIS	2.16	(0.03)	0.00	(0.09)	0.00	0.00	4.51	(5.23)	17.80
ENR	1.02	(0.29)	0.00	(0.71)	0.00	0.00	1.73	(2.76)	6.06
ENS	1.28	0.10	0.08	0.07	1.54	(1.30)	2.47	(2.66)	7.78
AYI	1.44	(0.19)	0.00	(0.22)	0.00	0.00	2.19	(3.96)	10.25
KE	1.49	(0.09)	0.00	(0.17)	0.00	0.00	2.21	(3.39)	10.46
WIRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABBNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BE	3.89	0.12	0.02	0.03	5.66	(4.19)	7.73	(7.00)	33.17

Vertiv Holdings Corporate Management

Stephen Liang	President of Asia Pacific	Profile
Steven Reinemund	Independent Director	Profile
Jacob Kotzubei	Director	Profile
Gary Niederpruem	Chief Strategy and Development	Profile
Rainer Stiller	Chief Officer	Profile
Cheryl Lim	Chief Officer	Profile
Roger Fradin	Independent Director	Profile

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