Value Exchange Correlations
| VEII Stock | USD 0.01 0 25.00% |
The correlation of Value Exchange 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.
Value Exchange Correlation With Market
Modest diversification
The correlation between Value Exchange International and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Exchange International and DJI in the same portfolio, assuming nothing else is changed.
Value |
The ability to find closely correlated positions to Value Exchange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Value Exchange 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 Value Exchange - 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 Value Exchange International to buy it.
Moving against Value Pink Sheet
| 0.66 | UAVS | Ageagle Aerial Systems Buyout Trend | PairCorr |
| 0.61 | VLCN | Volcon Inc Trending | PairCorr |
| 0.58 | MCHB | Mechanics Bank | PairCorr |
| 0.4 | NCRRP | NCR Corp Pref | PairCorr |
| 0.35 | IXHL | Incannex Healthcare Buyout Trend | PairCorr |
| 0.72 | JNJ | Johnson Johnson | PairCorr |
| 0.52 | CVX | Chevron Corp | PairCorr |
| 0.5 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.47 | PFE | Pfizer Inc | PairCorr |
| 0.47 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.44 | CAT | Caterpillar | PairCorr |
| 0.39 | GE | GE Aerospace | PairCorr |
| 0.31 | JPM | JPMorgan Chase | PairCorr |
| 0.31 | INTC | Intel Earnings Call Today | 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 Pink Sheet performing well and Value Exchange 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 Exchange'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSSI | 7.07 | 1.83 | 0.35 | 0.83 | 5.19 | 17.12 | 90.26 | |||
| USIO | 2.12 | 0.27 | 0.03 | 2.68 | 2.62 | 4.83 | 17.49 | |||
| IBEX | 1.73 | 0.27 | 0.09 | 0.52 | 2.18 | 3.03 | 27.01 | |||
| TASK | 1.01 | 0.43 | 0.22 | 20.35 | 0.36 | 2.19 | 18.55 | |||
| KD | 1.55 | 0.22 | 0.15 | 0.40 | 1.21 | 3.99 | 14.86 | |||
| VBIX | 7.31 | 0.72 | 0.06 | 1.41 | 10.44 | 14.34 | 88.20 | |||
| VCST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UTRX | 18.68 | 4.85 | 0.23 | 1.88 | 13.81 | 43.48 | 332.74 | |||
| VCTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Value Exchange Corporate Executives
Elected by the shareholders, the Value Exchange's board of directors comprises two types of representatives: Value Exchange inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Value. The board's role is to monitor Value Exchange's management team and ensure that shareholders' interests are well served. Value Exchange's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Value Exchange's outside directors are responsible for providing unbiased perspectives on the board's policies.