V2X Correlations
| VVX Stock | USD 48.61 0.12 0.25% |
The current 90-days correlation between V2X Inc and VSE Corporation is 0.42 (i.e., Very weak diversification). The correlation of V2X 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.
V2X Correlation With Market
Very weak diversification
The correlation between V2X Inc and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding V2X Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with V2X Stock
| 0.65 | CW | Curtiss Wright | PairCorr |
| 0.87 | DRS | Leonardo DRS, Common | PairCorr |
| 0.71 | LHX | L3Harris Technologies Earnings Call This Week | PairCorr |
| 0.61 | LMT | Lockheed Martin Earnings Call This Week | PairCorr |
Moving against V2X Stock
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 V2X Stock performing well and V2X 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 V2X'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PKE | 1.46 | 0.00 | 0.00 | (0.06) | 0.00 | 2.39 | 9.42 | |||
| VSEC | 2.42 | 0.43 | 0.11 | 0.27 | 3.48 | 4.51 | 25.93 | |||
| CW | 1.91 | (0.03) | 0.00 | (0.08) | 0.00 | 3.36 | 15.27 | |||
| DCO | 1.34 | (0.21) | 0.00 | 1.50 | 0.00 | 2.09 | 12.59 | |||
| NPK | 1.26 | (0.17) | 0.00 | (1.63) | 0.00 | 1.78 | 10.21 | |||
| ATRO | 2.06 | 0.63 | 0.36 | (6.00) | 1.42 | 5.23 | 30.82 | |||
| CDRE | 1.90 | (0.03) | 0.00 | 1.13 | 0.00 | 4.57 | 11.44 |
V2X Corporate Management
| Josephine Bjornson | Senior Officer | Profile | |
| Kevin Esq | Chief VP | Profile | |
| Kenneth Shreves | Senior Solutions | Profile | |
| Richard Caputo | Senior Systems | Profile |