Velo3D Correlations
| VELO Stock | USD 14.12 2.51 15.09% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velo3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velo3D moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Velo3D Correlation With Market
Very poor diversification
The correlation between Velo3D and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velo3D and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Velo3D Stock
| 0.67 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.65 | GE | GE Aerospace | PairCorr |
| 0.66 | WMT | Walmart Common Stock | PairCorr |
| 0.87 | AA | Alcoa Corp | PairCorr |
Moving against Velo3D Stock
| 0.7 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.55 | HPQ | HP Inc | PairCorr |
| 0.38 | MSFT | Microsoft | PairCorr |
| 0.36 | BKLRF | Berkeley Energy | PairCorr |
| 0.36 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASO | 2.30 | 0.16 | 0.09 | 0.14 | 2.17 | 4.95 | 12.70 | |||
| PSSWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DGMA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSWR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AINHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JDDSF | 0.67 | (0.23) | 0.00 | (0.41) | 0.00 | 0.00 | 22.36 | |||
| EWKS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NEOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Velo3D Corporate Management
| Adrian Covey | CEO Director | Profile | |
| Garrett Schreiber | Chief Officer | Profile | |
| Darren Beckett | Chief Officer | Profile | |
| Judge Graham | Chief Officer | Profile | |
| Michelle Sidwell | Chief Officer | Profile | |
| Doug Jacob | CoFounder | Profile |