Vast Renewables Correlations
| VSTE Stock | USD 0.18 0.02 10.38% |
The current 90-days correlation between Vast Renewables and Senmiao Technology is 0.02 (i.e., Significant diversification). The correlation of Vast Renewables 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.
Vast Renewables Correlation With Market
Good diversification
The correlation between Vast Renewables Limited and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vast Renewables Limited and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Vast Stock
| 0.73 | WPRT | Westport Fuel Systems | PairCorr |
| 0.67 | GBX | Greenbrier Companies | PairCorr |
| 0.82 | FSTR | LB Foster | PairCorr |
| 0.72 | MLR | Miller Industries | PairCorr |
| 0.76 | TRN | Trinity Industries | PairCorr |
| 0.69 | ZEO | Zeo Energy Corp | PairCorr |
| 0.78 | NNBR | NN Inc | PairCorr |
| 0.76 | NWPX | Northwest Pipe | PairCorr |
| 0.8 | SLDPW | Solid Power | PairCorr |
| 0.68 | RAIL | Freightcar America | PairCorr |
| 0.65 | SMXT | Solarmax Technology | PairCorr |
| 0.78 | SUNE | SUNation Energy Symbol Change | PairCorr |
Moving against Vast Stock
| 0.63 | ELPW | Elong Power Holding Trending | PairCorr |
| 0.43 | FBYDW | Falcons Beyond Global, | PairCorr |
| 0.63 | AZ | A2Z Smart Technologies | PairCorr |
| 0.44 | AP | Ampco Pittsburgh | PairCorr |
| 0.37 | SPWR | Complete Solaria, Symbol Change | PairCorr |
| 0.37 | AL | Air Lease | PairCorr |
| 0.36 | BV | BrightView Holdings | PairCorr |
| 0.31 | TOYO | TOYO Co, Tech Boost | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Vast Stock performing well and Vast Renewables 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 Vast Renewables' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNTA | 3.16 | (0.40) | 0.00 | (0.35) | 0.00 | 5.59 | 21.30 | |||
| NOW | 2.39 | 0.23 | 0.06 | 0.09 | 3.02 | 4.30 | 18.66 | |||
| NTGR | 2.71 | 0.21 | 0.05 | 0.08 | 3.48 | 5.88 | 19.98 | |||
| ABCL | 3.42 | (0.47) | 0.00 | (0.44) | 0.00 | 6.15 | 25.07 | |||
| BNTX | 2.95 | (0.15) | 0.00 | (0.19) | 0.00 | 6.03 | 25.10 | |||
| ADI | 2.40 | 0.33 | 0.08 | 0.12 | 3.04 | 6.62 | 27.68 | |||
| ALVO | 2.66 | (0.15) | 0.00 | (0.20) | 0.00 | 5.89 | 18.70 | |||
| AIHS | 2.72 | 0.20 | 0.06 | 0.41 | 3.22 | 7.45 | 25.40 |
Vast Renewables Corporate Management
| Alec Waugh | Company Counsel | Profile | |
| Gilein Steensma | Head Development | Profile | |
| Sue Opie | General Culture | Profile | |
| Marshall Smith | Chief Officer | Profile | |
| Christina Hall | Head Ltd | Profile | |
| Kurt Drewes | Chief Officer | Profile |