Vestas Wind Correlations

Stocks . Germany . 
Stock . Vestas Wind Systems
VWSB Stock   13.29  0.06  0.45%   
The current 90-days correlation between Vestas Wind Systems and Schneider Electric SE is 0.06 (i.e., Significant diversification). The correlation of Vestas Wind 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.

Vestas Wind Correlation With Market

Average diversification

The correlation between Vestas Wind Systems and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vestas Wind Systems and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vestas Wind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vestas Wind 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 Vestas Wind - 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 Vestas Wind Systems to buy it.

Moving together with Vestas Stock

  0.78ACO Atlas Copco APairCorr
  0.68RAA RATIONAL AktiengesellschaPairCorr
  1.0VWSB Vestas Wind SystemsPairCorr

Moving against Vestas Stock

  0.6W5E Peel Mining LimitedPairCorr
  0.59SIEB SIEMENS AG SPPairCorr
  0.54SIE Siemens AktiengesellschaPairCorr
  0.51SIE Siemens AktiengesellschaPairCorr
  0.42SND Schneider ElectricPairCorr
  0.31BBZA BB Biotech AGPairCorr
  0.95HI91 Hilton Worldwide HoldingsPairCorr
  0.942WY Wyndham Hotels ResortsPairCorr
  0.932CDA Controladora Vuela CompaaPairCorr
  0.93PTX Palantir TechnologiesPairCorr
  0.92VA7A VERISK ANLYTCS APairCorr
  0.92UFH US FOODS HOLDINGPairCorr
  0.91NT4 Northern TrustPairCorr
  0.9WX1 Acadia Realty TrustPairCorr
  0.9PCG6 PG E P6PairCorr
  0.9AF4 HANOVER INSURANCEPairCorr
  0.83SYY SyscoPairCorr
  0.81AZ5 AutoZonePairCorr
  0.8AQHE Event HospitalityPairCorr
  0.75APC Apple IncPairCorr
  0.573FNA ADRIATIC METALS LSPairCorr
  0.544GE Grupo Mxico SABPairCorr
  0.93WD5A TRAVEL LEISURE DLPairCorr
  0.92M4I MastercardPairCorr
  0.91PNP PNC FinancialPairCorr
  0.9CQD Charter CommunicationsPairCorr

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   
VWSB
+ 1.0
VWSB
SIE
+ 0.83
SIEB
VWSB
+ 0.78
ACO
VWSB
+ 0.76
ACO
VWSB
+ 0.68
RAA
VWSB
+ 0.68
RAA
  
High negative correlations   
VWSB
- 0.62
SIEB
VWSB
- 0.59
SIEB
VWSB
- 0.54
SIE
RAA
- 0.53
SIEB
VWSB
- 0.51
SIE
RAA
- 0.46
SIE

Risk-Adjusted Indicators

There is a big difference between Vestas Stock performing well and Vestas Wind 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 Vestas Wind'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vestas Wind without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Vestas Wind Corporate Management

Elected by the shareholders, the Vestas Wind's board of directors comprises two types of representatives: Vestas Wind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vestas. The board's role is to monitor Vestas Wind's management team and ensure that shareholders' interests are well served. Vestas Wind'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, Vestas Wind's outside directors are responsible for providing unbiased perspectives on the board's policies.
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