Vivic Corp Correlations

VIVC Stock

USD 5.01 1.08 27.48%

The current 90-days correlation between Vivic Corp and SunLink Health Systems is 0.03 (i.e., Significant diversification). The correlation of Vivic Corp 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.

Vivic Corp Correlation With Market

Average diversification

The correlation between Vivic Corp 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 Vivic Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vivic Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vivic Corp 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 Vivic Corp - 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 Vivic Corp to buy it.

Moving against Vivic OTC Stock

0.48	HON	Honeywell International	Pair Corr
0.64	VULNF	Vulcan Energy Resources	Pair Corr
0.6	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.52	GLABF	Gemina Laboratories	Pair Corr
0.45	ESGLW	ESGL Holdings Limited	Pair Corr
0.42	SAPMF	Saipem SpA	Pair Corr
0.61	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.49	KKR	KKR Co LP	Pair Corr
0.48	BMY	Bristol Myers Squibb	Pair Corr
0.48	DASH	DoorDash, Class A	Pair Corr
0.36	AXTG	Axis Technologies	Pair Corr
0.35	SUM	Summit Materials	Pair Corr

Related Correlations Analysis

	CHPT	SIGRF	CHWY	VLGEA	SSY
CHPT		0.55	-0.64	-0.56	0.29	CHPT
SIGRF	0.55		-0.78	-0.46	0.55	SIGRF
CHWY	-0.64	-0.78		0.75	-0.61	CHWY
VLGEA	-0.56	-0.46	0.75		-0.51	VLGEA
SSY	0.29	0.55	-0.61	-0.51		SSY
	CHPT	SIGRF	CHWY	VLGEA	SSY

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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

VLGEA	+ 0.75	CHWY
SIGRF	+ 0.55	CHPT
SSY	+ 0.55	SIGRF
SSY	+ 0.29	CHPT

High negative correlations

CHWY	- 0.78	SIGRF
CHWY	- 0.64	CHPT
SSY	- 0.61	CHWY
VLGEA	- 0.56	CHPT
SSY	- 0.51	VLGEA
VLGEA	- 0.46	SIGRF

Risk-Adjusted Indicators

There is a big difference between Vivic OTC Stock performing well and Vivic Corp OTC Stock 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 Vivic Corp'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
CHPT	3.56	(0.14)	0.00	(0.83)	0.00	0.00	7.26	(8.00)	19.53
SIGRF	0.36	(0.20)	0.00	(0.89)	0.00	0.00	0.00	0.00	12.15
CHWY	2.03	0.23	0.09	0.23	2.18	(2.23)	5.10	(3.45)	16.46
VLGEA	1.58	(0.03)	0.00	0.02	1.95	(1.57)	2.97	(3.17)	17.87
SSY	3.01	(0.12)	0.00	(0.22)	0.00	0.00	7.59	(8.05)	21.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vivic Corp 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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