VS Media Correlations

VSME Stock

1.19 0.07 6.25%

The current 90-days correlation between VS Media Holdings and Nextplat Corp is 0.09 (i.e., Significant diversification). The correlation of VS Media 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.

VS Media Correlation With Market

Average diversification

The correlation between VS Media Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VS Media Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VS Media Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against VSME Stock

0.46	ADV	Advantage Solutions	Pair Corr
0.4	ADD	Color Star Technology Downward Rally	Pair Corr
0.39	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.46	LVO	LiveOne	Pair Corr
0.37	HAO	Haoxi Health Technology	Pair Corr
0.41	MMV	MultiMetaVerse Holdings	Pair Corr
0.36	RDI	Reading International	Pair Corr
0.36	WOW	WideOpenWest	Pair Corr

Related Correlations Analysis

	NXPL	WDC	RUM	FDS	ACMR	ARW	NTGR	AMKR
NXPL		-0.13	-0.57	-0.49	-0.37	0.44	-0.51	0.61	NXPL
WDC	-0.13		0.31	0.5	0.41	0.17	0.45	-0.06	WDC
RUM	-0.57	0.31		0.42	0.07	-0.4	0.53	-0.46	RUM
FDS	-0.49	0.5	0.42		0.29	-0.49	0.91	-0.64	FDS
ACMR	-0.37	0.41	0.07	0.29		0.24	0.26	0.03	ACMR
ARW	0.44	0.17	-0.4	-0.49	0.24		-0.59	0.85	ARW
NTGR	-0.51	0.45	0.53	0.91	0.26	-0.59		-0.69	NTGR
AMKR	0.61	-0.06	-0.46	-0.64	0.03	0.85	-0.69		AMKR
	NXPL	WDC	RUM	FDS	ACMR	ARW	NTGR	AMKR

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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

NTGR	+ 0.91	FDS
AMKR	+ 0.85	ARW
AMKR	+ 0.61	NXPL
NTGR	+ 0.53	RUM
FDS	+ 0.5	WDC
NTGR	+ 0.45	WDC

High negative correlations

AMKR	- 0.69	NTGR
AMKR	- 0.64	FDS
NTGR	- 0.59	ARW
RUM	- 0.57	NXPL
NTGR	- 0.51	NXPL
ARW	- 0.49	FDS

Risk-Adjusted Indicators

There is a big difference between VSME Stock performing well and VS Media 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 VS Media'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
NXPL	2.97	(0.33)	0.00	6.49	0.00	0.00	4.88	(7.80)	34.56
WDC	1.72	0.07	0.07	0.17	1.69	(1.97)	4.61	(2.94)	11.83
RUM	3.52	0.12	0.06	0.18	3.71	(4.37)	8.96	(5.27)	27.96
FDS	0.91	0.18	0.15	0.37	0.80	(1.04)	2.25	(1.45)	7.46
ACMR	2.89	(0.24)	0.00	(0.02)	0.00	0.00	7.08	(6.70)	24.87
ARW	1.26	(0.33)	0.00	(0.09)	0.00	0.00	2.56	(1.98)	15.96
NTGR	2.27	0.56	0.29	0.60	1.52	(2.97)	5.28	(3.74)	34.60
AMKR	1.96	(0.57)	0.00	(0.15)	0.00	0.00	3.95	(4.84)	10.30

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