Via Optronics Correlations

VIAODelisted Stock  USD 0.15  0.00  0.00%   
The current 90-days correlation between Via Optronics Ag and Micropac Industries is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Via Optronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Via Optronics Ag moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Via Optronics Correlation With Market

Significant diversification

The correlation between Via Optronics Ag and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Via Optronics Ag and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Via Stock

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Moving against Via Stock

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  0.7AXP American Express Fiscal Year End 24th of January 2025 PairCorr
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  0.65JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.64BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
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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   
PLXSBHE
MPADLYTS
LYTSPLXS
MPADPLXS
LYTSBHE
BELFBBELFA
  
High negative correlations   
IEHCMEI
AMOTMEI
LGLBELFA
LGLMEI
LGLBELFB
LGLIEHC

Risk-Adjusted Indicators

There is a big difference between Via Stock performing well and Via Optronics 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 Via Optronics' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BHE  1.57  0.02  0.10  0.15  1.49 
 3.16 
 13.28 
BELFA  1.44  0.08  0.08  0.19  1.34 
 3.09 
 17.70 
MEI  3.02  0.15  0.11  0.19  3.23 
 7.72 
 29.96 
BELFB  1.76  0.15  0.19  0.21  1.32 
 3.00 
 20.73 
PLXS  1.34  0.30  0.29  0.32  0.84 
 3.38 
 12.92 
LYTS  1.28  0.21  0.29  0.28  0.63 
 3.28 
 9.28 
MPAD  1.46  0.38  0.11  0.58  1.13 
 4.48 
 25.86 
IEHC  3.18  0.15  0.00 (0.27) 4.22 
 10.01 
 47.92 
LGL  2.50  0.13 (0.02)(0.28) 2.91 
 5.52 
 20.78 
AMOT  1.53  0.19  0.00 (0.38) 2.13 
 3.59 
 9.59 

Via Optronics 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 Via Optronics stock to make a market-neutral strategy. Peer analysis of Via Optronics could also be used in its relative valuation, which is a method of valuing Via Optronics by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Via Optronics Corporate Management

Jasmin WagnerChief OfficerProfile
Jerome TanVice Chairman of the Supervisory BoardProfile
Bernd WagnerInterim OfficerProfile
Howard HoL CoProfile
Anil DoradlaIndependent Member of the Supervisory BoardProfile
Bruno PaegerChief OfficerProfile

Still Interested in Via Optronics Ag?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.