Vision Marine Correlations
| VMAR Stock | USD 6.13 0.14 2.34% |
The current 90-days correlation between Vision Marine Techno and Twin Vee Powercats is 0.06 (i.e., Significant diversification). The correlation of Vision Marine 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Vision Marine Correlation With Market
Modest diversification
The correlation between Vision Marine Technologies and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vision Marine Technologies and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Vision Stock
| 0.67 | DOGZ | Dogness International | PairCorr |
| 0.66 | VUZI | Vuzix Corp Cmn | PairCorr |
| 0.61 | SONY | Sony Group Corp | PairCorr |
Moving against Vision Stock
| 0.39 | CCS | Century Communities Earnings Call This Week | PairCorr |
| 0.39 | FORD | Forward Industries | PairCorr |
| 0.38 | VNCE | Vince Holding Corp | PairCorr |
| 0.32 | CRI | Carters Earnings Call This Week | PairCorr |
| 0.54 | WH | Wyndham Hotels Resorts Earnings Call This Week | PairCorr |
| 0.41 | SG | Sweetgreen | PairCorr |
| 0.39 | BQ | Boqii Holding Limited | PairCorr |
| 0.36 | QS | Quantumscape Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Vision Stock performing well and Vision Marine 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 Vision Marine'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VEEE | 7.53 | 1.00 | 0.12 | 0.39 | 8.78 | 7.94 | 245.98 | |||
| FRZA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BC | 1.90 | 0.25 | 0.18 | 0.28 | 1.62 | 4.80 | 14.46 | |||
| REE | 5.29 | (1.23) | 0.00 | (1.84) | 0.00 | 7.94 | 80.85 | |||
| FUVV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YGMZ | 4.38 | 0.27 | 0.02 | (0.61) | 5.09 | 8.96 | 57.07 | |||
| VVOS | 5.25 | 1.53 | 0.29 | 1.56 | 4.26 | 15.67 | 32.41 | |||
| WNW | 5.72 | 0.56 | 0.16 | 0.27 | 5.30 | 12.07 | 111.46 | |||
| OCG | 5.68 | 0.84 | 0.12 | 1.24 | 5.73 | 12.50 | 48.20 |
Vision Marine Corporate Management
| Alexandre Mongeon | CEO CoFounder | Profile | |
| BSc CA | Chief Officer | Profile | |
| Xavier Montagne | CTO COO | Profile | |
| Patrick Bobby | Secretary Operations | Profile | |
| Raffi Sossoyan | Chief Officer | Profile |