Vapor Correlations
The correlation of Vapor 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vapor Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Moving together with Vapor Stock
| 0.65 | LW | Lamb Weston Holdings | PairCorr |
| 0.87 | VITL | Vital Farms | PairCorr |
| 0.66 | EDBL | Edible Garden AG | PairCorr |
| 0.72 | FRPT | Freshpet Earnings Call Shortly | PairCorr |
| 0.61 | FLO | Flowers Foods | PairCorr |
Moving against Vapor Stock
| 0.81 | PM | Philip Morris Intern | PairCorr |
| 0.72 | K | Kellanova Earnings Call Shortly | PairCorr |
| 0.66 | HSY | Hershey Earnings Call Shortly | PairCorr |
| 0.65 | CCU | Compania Cervecerias | PairCorr |
| 0.64 | BUD | Anheuser Busch Inbev Earnings Call Shortly | PairCorr |
| 0.61 | MO | Altria Group Earnings Call Shortly | PairCorr |
| 0.57 | FMX | Fomento Economico | PairCorr |
| 0.42 | DOLE | Dole PLC | PairCorr |
| 0.42 | FARM | Farmer Bros | PairCorr |
| 0.4 | BTI | British American Tobacco | PairCorr |
| 0.72 | SENEA | Seneca Foods Corp | PairCorr |
| 0.62 | KLG | WK Kellogg Earnings Call Shortly | PairCorr |
| 0.62 | TSN | Tyson Foods Earnings Call Shortly | PairCorr |
| 0.61 | PPC | Pilgrims Pride Corp Earnings Call Shortly | PairCorr |
| 0.61 | TAP | Molson Coors Brewing Sell-off Trend | PairCorr |
| 0.6 | LANC | Lancaster Colony Earnings Call Shortly | PairCorr |
| 0.54 | SEB | Seaboard | PairCorr |
| 0.46 | SJM | JM Smucker | 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 Vapor Stock performing well and Vapor 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 Vapor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYHI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GRCU | 25.62 | 5.75 | 0.12 | (3.08) | 20.98 | 100.00 | 150.00 | |||
| EAPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RMHB | 10.13 | 0.33 | 0.03 | 14.91 | 12.72 | 25.00 | 105.44 | |||
| ERBB | 9.40 | 0.32 | 0.02 | (0.78) | 11.33 | 25.00 | 73.33 |