Velo3D Correlations
| VLDDelisted Stock | USD 0.97 0.24 32.88% |
The current 90-days correlation between Velo3D Inc and Nano Dimension is 0.11 (i.e., Average diversification). The correlation of Velo3D 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.
Velo3D Correlation With Market
Average diversification
The correlation between Velo3D Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velo3D Inc and DJI in the same portfolio, assuming nothing else is changed.
Velo3D |
Moving together with Velo3D Stock
| 0.76 | DLPX | Delphax Technologies | PairCorr |
| 0.85 | SDON | Sandston Corp | PairCorr |
| 0.75 | UAVS | Ageagle Aerial Systems Trending | PairCorr |
| 0.71 | DZSI | DZS Inc | PairCorr |
| 0.63 | VVPR | VivoPower International Tech Boost | PairCorr |
| 0.74 | ELCO | Elcom International | PairCorr |
| 0.63 | XELAP | Exela Technologies Earnings Call Today | PairCorr |
| 0.81 | EVOL | Evolving Systems | PairCorr |
Moving against Velo3D Stock
| 0.84 | WEBB | Web Global Holdings | PairCorr |
| 0.78 | DDD | 3D Systems | PairCorr |
| 0.73 | DIDIY | Didi Global ADR | PairCorr |
| 0.7 | WELX | Winland Holdings | PairCorr |
| 0.67 | DYSL | Dynasil Of | PairCorr |
| 0.63 | CREAF | Creative Technology | PairCorr |
| 0.51 | FUJIY | FUJIFILM Holdings Corp | PairCorr |
| 0.43 | HAUP | Hauppauge Digital OTC | PairCorr |
| 0.41 | DTRK | DATATRAK International | PairCorr |
| 0.86 | CETXP | Cemtrex Pref | PairCorr |
| 0.76 | WGNR | Wegener | PairCorr |
| 0.64 | ZIPL | ZipLink | PairCorr |
| 0.62 | ENV | Envestnet | PairCorr |
| 0.61 | ITI | Iteris Inc | PairCorr |
| 0.59 | GVP | GSE Systems | PairCorr |
| 0.42 | JTKWY | Just Eat Takeaway | PairCorr |
| 0.31 | DBD | Diebold Nixdorf, | 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 Velo3D Stock performing well and Velo3D 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 Velo3D'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSYS | 3.00 | 0.15 | 0.08 | 0.20 | 3.02 | 9.26 | 25.45 | |||
| DM | 1.74 | (0.10) | 0.00 | 1.80 | 0.00 | 2.86 | 23.02 | |||
| STRC | 5.00 | (0.28) | 0.00 | 0.25 | 0.00 | 12.89 | 54.79 | |||
| DDD | 4.27 | 0.20 | 0.09 | 0.19 | 4.77 | 11.73 | 31.04 | |||
| NNDM | 2.07 | (0.09) | 0.00 | (0.03) | 0.00 | 3.07 | 15.19 | |||
| MKFG | 4.07 | 1.12 | 0.27 | (3.02) | 2.55 | 9.64 | 78.65 | |||
| IONQ | 5.74 | 2.13 | 0.43 | 1.01 | 4.08 | 16.30 | 47.83 | |||
| QBTS | 6.20 | 1.37 | 0.35 | 0.45 | 4.22 | 15.58 | 50.10 | |||
| PSTG | 2.11 | (0.32) | 0.00 | (0.07) | 0.00 | 3.58 | 16.75 | |||
| HPQ | 1.31 | 0.03 | 0.02 | 0.15 | 1.62 | 2.22 | 6.13 |
Velo3D 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 Velo3D stock to make a market-neutral strategy. Peer analysis of Velo3D could also be used in its relative valuation, which is a method of valuing Velo3D by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Velo3D Corporate Management
| Benyamin Buller | CEO Founder | Profile | |
| Jon Porter | Head Operations | Profile | |
| Michelle Sidwell | Executive Development | Profile | |
| Robert Okunski | Vice Relations | Profile | |
| Bradley Kreger | Interim Operations | Profile | |
| Aaron Katske | Senior Operations | Profile | |
| William McCombe | CFO Director | Profile |
Still Interested in Velo3D Inc?
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.