VivoPower International Correlations

VVPR Stock

USD 0.92 0.06 6.12%

The current 90-days correlation between VivoPower International and Sunworks is 0.04 (i.e., Significant diversification). 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

Modest diversification

The correlation between VivoPower International PLC and DJI is 0.23 (i.e., Modest 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

0.68	SVIIR	Spring Valley Acquisition	Pair Corr
0.76	DLPX	Delphax Technologies	Pair Corr
0.81	VHAI	VHAI	Pair Corr
0.67	DZSI	DZS Inc	Pair Corr
0.77	ELCO	Elcom International	Pair Corr
0.78	EVOL	Evolving Systems	Pair Corr
0.66	SBIGW	SpringBig Holdings	Pair Corr

Moving against VivoPower Stock

0.86	UZE	United States Cellular	Pair Corr
0.83	WGNR	Wegener	Pair Corr
0.79	WELX	Winland Holdings Tech Boost	Pair Corr
0.74	DIDIY	Didi Global ADR	Pair Corr
0.73	DTW	DTE Energy	Pair Corr
0.71	WEBB	Web Global Holdings	Pair Corr
0.7	AQNB	Algonquin Power Utilities	Pair Corr
0.6	DTRK	DATATRAK International	Pair Corr
0.59	DUKB	Duke Energy Corp	Pair Corr
0.59	SOJD	Southern	Pair Corr
0.54	DYSL	Dynasil Of	Pair Corr
0.82	CETXP	Cemtrex Pref	Pair Corr
0.78	WSTL	Westell Technologies	Pair Corr
0.75	JTKWY	Just Eat Takeaway	Pair Corr
0.64	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.58	ZIPL	ZipLink	Pair Corr
0.54	HAUP	Hauppauge Digital OTC	Pair Corr
0.39	DBD	Diebold Nixdorf,	Pair Corr
0.37	FUJIY	FUJIFILM Holdings Corp	Pair Corr

Related Correlations Analysis

	SUNW	ISUN	SOL	TYGO	SPWR	RUN	NOVA	JKS	CSIQ
SUNW		-0.45	0.55	-0.48	-0.58	0.08	0.17	0.33	-0.48	SUNW
ISUN	-0.45		-0.89	-0.3	0.92	0.18	-0.29	-0.56	0.07	ISUN
SOL	0.55	-0.89		0.27	-0.93	-0.24	0.1	0.78	0.08	SOL
TYGO	-0.48	-0.3	0.27		-0.14	-0.45	-0.19	0.33	0.67	TYGO
SPWR	-0.58	0.92	-0.93	-0.14		0.15	-0.2	-0.67	0.11	SPWR
RUN	0.08	0.18	-0.24	-0.45	0.15		0.8	-0.39	-0.38	RUN
NOVA	0.17	-0.29	0.1	-0.19	-0.2	0.8		-0.27	-0.45	NOVA
JKS	0.33	-0.56	0.78	0.33	-0.67	-0.39	-0.27		0.49	JKS
CSIQ	-0.48	0.07	0.08	0.67	0.11	-0.38	-0.45	0.49		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

SPWR	+ 0.92	ISUN
NOVA	+ 0.8	RUN
JKS	+ 0.78	SOL
CSIQ	+ 0.67	TYGO
SOL	+ 0.55	SUNW
CSIQ	+ 0.49	JKS

High negative correlations

SPWR	- 0.93	SOL
SOL	- 0.89	ISUN
JKS	- 0.67	SPWR
SPWR	- 0.58	SUNW
JKS	- 0.56	ISUN
CSIQ	- 0.48	SUNW

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	0.90	0.11	(0.57)	5.75	(7.03)	14.29	(9.68)	38.53
ISUN	11.10	(3.06)	0.00	(3.70)	0.00	0.00	21.43	(31.26)	178.04
SOL	3.45	0.56	0.17	0.49	2.91	(4.46)	10.00	(6.06)	21.18
TYGO	4.24	(0.15)	0.00	0.17	0.00	0.00	9.46	(8.24)	33.24
SPWR	8.97	(3.66)	0.00	(7.80)	0.00	0.00	10.29	(40.08)	75.00
RUN	3.15	(0.14)	(0.02)	0.01	3.49	(4.20)	10.34	(5.77)	20.99
NOVA	4.52	(0.18)	(0.02)	0.00	4.34	(6.51)	14.57	(7.23)	27.01
JKS	4.04	0.06	0.03	0.12	5.12	(4.55)	9.22	(6.38)	36.24
CSIQ	3.89	(0.40)	0.00	(0.07)	0.00	0.00	9.77	(7.35)	26.11

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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