VirnetX Holding Correlations

VHC Stock

USD 8.30 0.20 2.35%

The current 90-days correlation between VirnetX Holding Corp and Hub Cyber Security is 0.12 (i.e., Average 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

Good diversification

The correlation between VirnetX Holding Corp and DJI is -0.06 (i.e., Good 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.

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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 various price indices.

Moving against VirnetX Stock

0.52	MQ	Marqeta	Pair Corr
0.47	DOX	Amdocs Earnings Call This Week	Pair Corr
0.46	VRSN	VeriSign	Pair Corr
0.46	EEFT	Euronet Worldwide	Pair Corr
0.38	GB	Global Blue Group	Pair Corr
0.37	NN	Nextnav Acquisition Corp	Pair Corr
0.35	EVTC	Evertec	Pair Corr

Related Correlations Analysis

	HUBC	ZFOX	AUID	JG	TAOP	BLIN	DTSS	CISO	GRRR	TCX
HUBC		0.0	-0.08	0.64	0.57	0.37	0.38	0.7	0.17	0.06	HUBC
ZFOX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ZFOX
AUID	-0.08	0.0		-0.32	-0.48	0.56	-0.09	-0.37	-0.58	-0.54	AUID
JG	0.64	0.0	-0.32		0.65	0.09	0.63	0.6	0.52	0.28	JG
TAOP	0.57	0.0	-0.48	0.65		-0.2	0.6	0.8	0.62	0.68	TAOP
BLIN	0.37	0.0	0.56	0.09	-0.2		0.14	0.0	-0.47	-0.56	BLIN
DTSS	0.38	0.0	-0.09	0.63	0.6	0.14		0.42	0.43	0.38	DTSS
CISO	0.7	0.0	-0.37	0.6	0.8	0.0	0.42		0.51	0.57	CISO
GRRR	0.17	0.0	-0.58	0.52	0.62	-0.47	0.43	0.51		0.69	GRRR
TCX	0.06	0.0	-0.54	0.28	0.68	-0.56	0.38	0.57	0.69		TCX
	HUBC	ZFOX	AUID	JG	TAOP	BLIN	DTSS	CISO	GRRR	TCX

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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

CISO	+ 0.8	TAOP
CISO	+ 0.7	HUBC
TCX	+ 0.69	GRRR
TCX	+ 0.68	TAOP
TAOP	+ 0.65	JG
JG	+ 0.64	HUBC

High negative correlations

GRRR	- 0.58	AUID
TCX	- 0.56	BLIN
TCX	- 0.54	AUID
TAOP	- 0.48	AUID
GRRR	- 0.47	BLIN
CISO	- 0.37	AUID

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
HUBC	8.05	(1.14)	0.00	(2.26)	0.00	0.00	23.36	(15.17)	56.41
ZFOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUID	5.78	0.63	0.12	(1.02)	6.63	(7.31)	15.24	(11.92)	42.67
JG	4.81	0.24	0.06	2.31	5.03	(5.93)	17.46	(9.00)	42.19
TAOP	3.62	(0.15)	0.00	(0.44)	0.00	0.00	8.70	(8.70)	28.21
BLIN	3.92	0.19	0.05	2.29	4.99	(4.38)	9.87	(9.25)	33.13
DTSS	2.89	0.21	0.08	0.42	3.08	(3.74)	6.13	(4.91)	22.19
CISO	5.32	(0.68)	0.00	50.03	0.00	0.00	15.00	(15.09)	43.73
GRRR	9.06	0.93	0.11	(0.83)	10.01	(9.58)	18.21	(16.22)	46.99
TCX	2.64	0.15	0.09	(1.38)	3.19	(3.20)	5.53	(4.74)	36.66

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