Vahanna Tech Correlations
| VHNAUDelisted Stock | USD 10.70 0.00 0.00% |
The current 90-days correlation between Vahanna Tech Edge and Vestis is -0.13 (i.e., Good diversification). The correlation of Vahanna Tech 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.
Vahanna Tech Correlation With Market
Good diversification
The correlation between Vahanna Tech Edge and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vahanna Tech Edge and DJI in the same portfolio, assuming nothing else is changed.
Vahanna |
Moving together with Vahanna Stock
| 0.82 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.77 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.77 | JPHLF | Japan Post Holdings | PairCorr |
| 0.92 | MZHOF | Mizuho Financial | PairCorr |
| 0.8 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.81 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.87 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.85 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.9 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | CSCO | Cisco Systems | PairCorr |
Moving against Vahanna Stock
| 0.84 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.8 | BKRKY | Bank Rakyat | PairCorr |
| 0.8 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.76 | PBCRY | Bank Central Asia | PairCorr |
| 0.73 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.69 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.5 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.07 | -0.72 | 0.35 | 0.22 | 0.22 | VSTS | ||
| 0.07 | -0.41 | -0.43 | 0.34 | -0.58 | UHAL | ||
| -0.72 | -0.41 | -0.05 | -0.33 | 0.08 | CPA | ||
| 0.35 | -0.43 | -0.05 | -0.28 | 0.79 | AAL | ||
| 0.22 | 0.34 | -0.33 | -0.28 | -0.17 | WSC | ||
| 0.22 | -0.58 | 0.08 | 0.79 | -0.17 | FTAIM | ||
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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 Vahanna Stock performing well and Vahanna Tech 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 Vahanna Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VSTS | 1.43 | 0.01 | 0.05 | 0.08 | 1.37 | 2.57 | 19.23 | |||
| UHAL | 1.19 | (0.04) | (0.05) | 0.01 | 1.43 | 2.75 | 6.88 | |||
| CPA | 1.45 | (0.04) | (0.03) | (0.01) | 2.68 | 3.72 | 17.31 | |||
| AAL | 2.00 | 0.60 | 0.32 | 0.52 | 1.38 | 6.38 | 18.74 | |||
| WSC | 1.94 | (0.27) | 0.00 | (0.06) | 0.00 | 4.01 | 18.49 | |||
| FTAIM | 0.64 | 0.06 | (0.01) | 0.39 | 0.79 | 1.97 | 4.64 |
Vahanna Tech Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vahanna Tech stock to make a market-neutral strategy. Peer analysis of Vahanna Tech could also be used in its relative valuation, which is a method of valuing Vahanna Tech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Vahanna Tech Edge?
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