VivoPower International Correlations

VVPR Stock

USD 1.18 0.02 1.72%

The correlation of VivoPower International 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.

VivoPower International Correlation With Market

Significant diversification

The correlation between VivoPower International PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VivoPower International PLC 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 VivoPower International PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with VivoPower Stock

0.77	NOVA	Sunnova Energy Inter Tech Boost	Pair Corr
0.76	DLPX	Delphax Technologies	Pair Corr

Moving against VivoPower Stock

0.87	UZE	United States Cellular	Pair Corr
0.82	DQ	Daqo New Energy	Pair Corr
0.77	MU	Micron Technology Sell-off Trend	Pair Corr
0.76	QH	Quhuo	Pair Corr
0.74	BL	Blackline	Pair Corr
0.74	DT	Dynatrace Holdings LLC	Pair Corr
0.67	JG	Aurora Mobile	Pair Corr
0.66	FI	Fiserv,	Pair Corr
0.62	PI	Impinj Inc	Pair Corr
0.59	NA	Nano Labs Trending	Pair Corr
0.55	UI	Ubiquiti Networks	Pair Corr
0.51	AQNB	Algonquin Power Utilities	Pair Corr
0.49	SQ	Block Inc Sell-off Trend	Pair Corr
0.46	WK	Workiva	Pair Corr
0.44	BR	Broadridge Financial	Pair Corr
0.42	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.39	ZI	ZoomInfo Technologies	Pair Corr
0.79	DUOL	Duolingo	Pair Corr
0.78	VNET	VNET Group DRC	Pair Corr
0.69	VIAV	Viavi Solutions	Pair Corr
0.69	DUOT	Duos Technologies	Pair Corr
0.69	VOXX	VOXX International	Pair Corr
0.67	DSWL	Deswell Industries	Pair Corr
0.66	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.61	DTSS	Datasea	Pair Corr

Related Correlations Analysis

	SUNW	ISUN	SOL	TYGO	SPWR	RUN	NOVA	JKS	CSIQ
SUNW		-0.45	0.04	-0.53	-0.58	-0.62	-0.65	0.27	-0.21	SUNW
ISUN	-0.45		0.32	0.79	0.92	0.83	0.81	-0.18	0.44	ISUN
SOL	0.04	0.32		0.56	0.3	0.24	0.01	0.59	0.67	SOL
TYGO	-0.53	0.79	0.56		0.77	0.73	0.69	0.05	0.65	TYGO
SPWR	-0.58	0.92	0.3	0.77		0.91	0.87	-0.3	0.36	SPWR
RUN	-0.62	0.83	0.24	0.73	0.91		0.94	-0.22	0.49	RUN
NOVA	-0.65	0.81	0.01	0.69	0.87	0.94		-0.39	0.34	NOVA
JKS	0.27	-0.18	0.59	0.05	-0.3	-0.22	-0.39		0.68	JKS
CSIQ	-0.21	0.44	0.67	0.65	0.36	0.49	0.34	0.68		CSIQ
	SUNW	ISUN	SOL	TYGO	SPWR	RUN	NOVA	JKS	CSIQ

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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

NOVA	+ 0.94	RUN
SPWR	+ 0.92	ISUN
RUN	+ 0.91	SPWR
NOVA	+ 0.87	SPWR
RUN	+ 0.83	ISUN
NOVA	+ 0.81	ISUN

High negative correlations

NOVA	- 0.65	SUNW
RUN	- 0.62	SUNW
SPWR	- 0.58	SUNW
TYGO	- 0.53	SUNW
ISUN	- 0.45	SUNW
JKS	- 0.39	NOVA

Risk-Adjusted Indicators

There is a big difference between VivoPower Stock performing well and VivoPower International 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 VivoPower International'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
SUNW	5.87	0.64	0.10	0.69	5.75	(7.03)	14.29	(9.68)	38.53
ISUN	11.10	(2.99)	0.00	106.74	0.00	0.00	21.43	(31.26)	178.04
SOL	3.44	0.22	0.00	(0.18)	4.45	(3.81)	9.57	(6.28)	29.32
TYGO	4.03	(0.47)	0.00	(0.08)	0.00	0.00	9.68	(8.00)	39.14
SPWR	8.97	(3.90)	0.00	(1.61)	0.00	0.00	10.29	(40.08)	75.00
RUN	3.56	(0.52)	0.00	0.47	0.00	0.00	6.23	(9.35)	40.96
NOVA	5.86	(0.05)	0.00	0.14	0.00	0.00	14.31	(9.06)	66.13
JKS	4.51	0.63	0.07	(0.94)	6.11	(4.81)	9.45	(7.53)	36.24
CSIQ	4.28	0.25	0.00	(0.23)	6.20	(3.99)	9.83	(8.50)	35.56

VivoPower International Corporate Management

Adam Malcolm	Managing Kenshaw	Profile
James TindalRobertson	Group Director	Profile
Phil Lowbridge	Managing Martin	Profile
Alun Evans	Head Quality	Profile
Chris Mallios	Chief Officer	Profile

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