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 -0.02 (i.e., Good 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
Average diversification
The correlation between Via Optronics Ag and DJI is 0.16 (i.e., Average 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.
Via |
Moving together with Via Stock
| 0.73 | EC | Ecopetrol SA ADR | PairCorr |
| 0.69 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.64 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.68 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Via Stock
| 0.79 | HPQ | HP Inc | PairCorr |
| 0.66 | MNDY | MondayCom | PairCorr |
| 0.63 | KB | KB Financial Group | PairCorr |
| 0.6 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.43 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.37 | BLND | Blend Labs | PairCorr |
| 0.36 | SSY | SunLink Health Systems | PairCorr |
| 0.82 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | HD | Home Depot | PairCorr |
| 0.74 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.6 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.55 | WMT | Walmart Aggressive Push | PairCorr |
| 0.54 | DIS | Walt Disney | PairCorr |
| 0.52 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.37 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHE | 1.61 | (0.01) | 0.08 | 0.12 | 1.65 | 3.16 | 13.28 | |||
| BELFA | 1.46 | 0.06 | 0.07 | 0.17 | 1.41 | 3.09 | 17.70 | |||
| MEI | 2.98 | 0.24 | 0.14 | 0.21 | 2.98 | 7.72 | 18.54 | |||
| BELFB | 1.80 | 0.14 | 0.17 | 0.19 | 1.44 | 3.00 | 20.73 | |||
| PLXS | 1.37 | 0.25 | 0.24 | 0.27 | 0.92 | 3.38 | 12.92 | |||
| LYTS | 1.33 | 0.16 | 0.20 | 0.23 | 0.96 | 3.28 | 9.28 | |||
| MPAD | 1.46 | 0.57 | 0.12 | (0.95) | 1.14 | 4.48 | 25.86 | |||
| IEHC | 3.18 | 0.04 | 0.00 | 0.23 | 4.22 | 10.01 | 47.92 | |||
| LGL | 2.43 | 0.06 | (0.03) | (0.11) | 2.92 | 5.52 | 20.78 | |||
| AMOT | 1.53 | 0.11 | 0.00 | 0.70 | 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 Wagner | Chief Officer | Profile | |
| Jerome Tan | Vice Chairman of the Supervisory Board | Profile | |
| Bernd Wagner | Interim Officer | Profile | |
| Howard Ho | L Co | Profile | |
| Anil Doradla | Independent Member of the Supervisory Board | Profile | |
| Bruno Paeger | Chief Officer | Profile |
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.