Via Optronics Correlations
VIAODelisted Stock | USD 0.15 0.00 0.00% |
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.
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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
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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 | ||
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BHE | 1.57 | 0.37 | 0.13 | (7.35) | 1.44 | 3.16 | 13.28 | |||
BELFA | 1.45 | 0.30 | 0.10 | (17.26) | 1.33 | 3.09 | 17.70 | |||
MEI | 2.61 | 0.27 | 0.07 | 0.63 | 3.00 | 7.64 | 18.54 | |||
BELFB | 1.79 | 0.47 | 0.21 | 3.60 | 1.34 | 3.00 | 20.73 | |||
PLXS | 1.35 | 0.26 | 0.25 | 0.29 | 0.90 | 3.38 | 12.92 | |||
LYTS | 1.29 | 0.39 | 0.32 | 0.93 | 0.62 | 3.28 | 9.28 | |||
MPAD | 1.53 | 0.59 | 0.12 | (0.96) | 1.16 | 4.48 | 25.86 | |||
IEHC | 3.19 | 0.29 | 0.02 | 1.58 | 4.01 | 10.01 | 47.92 | |||
LGL | 2.51 | (0.03) | (0.04) | 0.04 | 2.97 | 5.52 | 20.78 | |||
AMOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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?
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