Value Line Correlations
VALU Stock | USD 39.48 0.18 0.45% |
The current 90-days correlation between Value Line and Dun Bradstreet Holdings is 0.07 (i.e., Significant diversification). The correlation of Value Line 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.
Value Line Correlation With Market
Very weak diversification
The correlation between Value Line and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Line and DJI in the same portfolio, assuming nothing else is changed.
Moving against Value Stock
0.62 | NDAQ | Nasdaq Inc Normal Trading | PairCorr |
0.57 | CM | Canadian Imperial Bank | PairCorr |
0.56 | ICE | Intercontinental Exchange Earnings Call This Week | PairCorr |
0.56 | AC | Associated Capital | PairCorr |
0.52 | BK | Bank of New York | PairCorr |
0.48 | C | Citigroup Aggressive Push | PairCorr |
0.47 | DHIL | Diamond Hill Investment | PairCorr |
0.46 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.45 | COIN | Coinbase Global Earnings Call This Week | PairCorr |
0.45 | CG | Carlyle Group Normal Trading | PairCorr |
0.44 | L | Loews Corp Earnings Call This Week | PairCorr |
0.42 | MCO | Moodys | PairCorr |
0.42 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.42 | BN | Brookfield Corp | PairCorr |
0.4 | DNB | Dun Bradstreet Holdings Earnings Call This Week | PairCorr |
0.35 | SPGI | SP Global Earnings Call This Week | PairCorr |
0.35 | CBOE | Cboe Global Markets Earnings Call This Week | PairCorr |
0.35 | AB | AllianceBernstein | PairCorr |
0.31 | QMCI | Quotemedia | PairCorr |
0.66 | KB | KB Financial Group | PairCorr |
0.65 | TD | Toronto Dominion Bank | PairCorr |
0.62 | TECTP | Tectonic Financial | PairCorr |
0.59 | RY | Royal Bank | PairCorr |
0.59 | XP | Xp Inc | PairCorr |
0.58 | HG | Hamilton Insurance Group, | PairCorr |
0.57 | WF | Woori Financial Group | PairCorr |
0.55 | MS | Morgan Stanley | PairCorr |
0.54 | IX | Orix Corp Ads | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Value Stock performing well and Value Line 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 Value Line'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DNB | 0.24 | 0.02 | (0.31) | 0.34 | 0.29 | 0.55 | 6.17 | |||
FDS | 0.89 | (0.10) | (0.16) | 0.06 | 1.16 | 2.08 | 7.48 | |||
MCO | 0.98 | 0.03 | 0.10 | 0.25 | 0.63 | 2.78 | 6.93 | |||
MSCI | 1.00 | (0.16) | (0.10) | 0.04 | 1.90 | 1.90 | 12.61 | |||
ICE | 0.70 | 0.18 | 0.03 | 0.80 | 0.50 | 1.69 | 6.39 | |||
MORN | 0.94 | (0.17) | (0.14) | 0.07 | 1.10 | 2.32 | 6.17 | |||
NDAQ | 0.78 | 0.27 | 0.21 | 0.63 | 0.20 | 1.95 | 5.03 | |||
CME | 0.84 | 0.06 | (0.10) | 0.81 | 1.33 | 1.73 | 6.89 | |||
SPGI | 0.79 | 0.03 | 0.02 | 0.26 | 0.54 | 2.09 | 6.30 |