VirnetX Holding Correlations

VHC Stock

USD 20.34 1.41 7.45%

The current 90-days correlation between VirnetX Holding Corp and XBiotech is -0.02 (i.e., Good diversification). The correlation of VirnetX Holding 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.

VirnetX Holding Correlation With Market

Average diversification

The correlation between VirnetX Holding Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VirnetX Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VirnetX Stock

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

Moving together with VirnetX Stock

0.63	NN	Nextnav Acquisition Corp	Pair Corr
0.76	VRNT	Verint Systems	Pair Corr
0.64	EVCM	EverCommerce	Pair Corr
0.7	FOUR	Shift4 Payments	Pair Corr
0.77	PGY	Pagaya Technologies Trending	Pair Corr

Moving against VirnetX Stock

0.52	GB	Global Blue Group	Pair Corr
0.34	DTSS	Datasea	Pair Corr
0.7	APCXW	AppTech Payments Corp	Pair Corr
0.61	XBP	XBP Europe Holdings	Pair Corr
0.59	DBX	Dropbox	Pair Corr
0.59	GDDY	Godaddy	Pair Corr
0.54	PAY	Paymentus Holdings	Pair Corr
0.4	IOT	Samsara	Pair Corr

Related Correlations Analysis

	CISO	NXTP	GRRR	TAOP	XBIT	ACTG	ATEN	GYRE	CRMD
CISO		0.0	0.18	-0.2	-0.25	0.86	0.71	0.1	0.74	CISO
NXTP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NXTP
GRRR	0.18	0.0		-0.49	-0.04	0.27	0.56	-0.58	0.29	GRRR
TAOP	-0.2	0.0	-0.49		0.29	-0.13	-0.56	0.73	-0.27	TAOP
XBIT	-0.25	0.0	-0.04	0.29		-0.18	-0.02	0.15	-0.57	XBIT
ACTG	0.86	0.0	0.27	-0.13	-0.18		0.72	0.01	0.74	ACTG
ATEN	0.71	0.0	0.56	-0.56	-0.02	0.72		-0.38	0.61	ATEN
GYRE	0.1	0.0	-0.58	0.73	0.15	0.01	-0.38		-0.11	GYRE
CRMD	0.74	0.0	0.29	-0.27	-0.57	0.74	0.61	-0.11		CRMD
	CISO	NXTP	GRRR	TAOP	XBIT	ACTG	ATEN	GYRE	CRMD

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

ACTG	+ 0.86	CISO
CRMD	+ 0.74	CISO
CRMD	+ 0.74	ACTG
GYRE	+ 0.73	TAOP
ATEN	+ 0.72	ACTG
ATEN	+ 0.71	CISO

High negative correlations

GYRE	- 0.58	GRRR
CRMD	- 0.57	XBIT
ATEN	- 0.56	TAOP
TAOP	- 0.49	GRRR
GYRE	- 0.38	ATEN
CRMD	- 0.27	TAOP

Risk-Adjusted Indicators

There is a big difference between VirnetX Stock performing well and VirnetX Holding 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 VirnetX Holding'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
CISO	8.04	2.05	0.21	1.78	8.06	(10.89)	20.87	(11.54)	87.34
NXTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRRR	5.73	0.11	0.04	0.19	6.70	(6.48)	14.21	(11.31)	53.27
TAOP	6.84	(0.87)	(0.01)	0.00	9.63	(8.40)	9.81	(18.30)	117.33
XBIT	2.64	(0.27)	0.00	(0.01)	0.00	0.00	6.07	(4.74)	12.74
ACTG	1.82	0.21	0.10	0.36	1.75	(2.16)	3.21	(2.98)	20.35
ATEN	1.29	0.15	0.08	0.31	1.49	(1.39)	2.64	(2.46)	7.63
GYRE	4.58	(0.27)	(0.01)	0.03	6.48	(4.67)	8.81	(9.04)	36.21
CRMD	3.28	0.75	0.17	7.19	3.23	(4.08)	6.46	(4.30)	40.03

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC