VerifyMe Correlations
| VRME Stock | USD 1.97 0.30 17.96% |
The correlation of VerifyMe 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VerifyMe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VerifyMe moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between VerifyMe and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VerifyMe and NYA in the same portfolio, assuming nothing else is changed.
VerifyMe |
The ability to find closely correlated positions to VerifyMe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VerifyMe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VerifyMe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VerifyMe to buy it.
Moving together with VerifyMe Stock
| 0.84 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.83 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
| 0.78 | CLRO | ClearOne | PairCorr |
| 0.61 | DGII | Digi International Earnings Call This Week | PairCorr |
Moving against VerifyMe Stock
| 0.9 | BOXL | Boxlight Corp Class Financial Report 8th of May 2024 | PairCorr |
| 0.88 | ZEPP | Zepp Health Corp | PairCorr |
| 0.81 | NTIP | Network 1 Technologies | PairCorr |
| 0.74 | LASR | nLIGHT Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.73 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
| 0.72 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
| 0.5 | IMTE | Integrated Media Tec Trending | PairCorr |
| 0.47 | SYTA | Siyata MobileInc Report 21st of May 2024 | PairCorr |
| 0.47 | CSCO | Cisco Systems Report 15th of May 2024 | PairCorr |
| 0.42 | RDCM | Radcom Financial Report 8th of May 2024 | 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 VerifyMe Stock performing well and VerifyMe 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 VerifyMe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UI | 2.08 | (0.37) | 0.00 | (0.13) | 0.00 | 4.66 | 16.42 | |||
| VIAV | 1.83 | (0.39) | 0.00 | (0.25) | 0.00 | 2.67 | 21.19 | |||
| VISL | 2.93 | 0.32 | 0.07 | (4.72) | 3.39 | 5.06 | 36.52 | |||
| DZSI | 3.54 | (0.82) | 0.00 | (0.38) | 0.00 | 6.98 | 20.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in VerifyMe without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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VerifyMe Corporate Directors
VerifyMe corporate directors refer to members of a VerifyMe board of directors. The board of directors generally takes responsibility for the VerifyMe's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of VerifyMe's board members must vote for the resolution. The VerifyMe board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Claudio Ballard | Director | Profile | |
| Harvey Eisen | Director | Profile | |
| Lawrence Schafran | Director | Profile | |
| Arthur Laffer | Director | Profile |
Already Invested in VerifyMe?
The danger of trading VerifyMe is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VerifyMe is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VerifyMe. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VerifyMe is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VerifyMe is a strong investment it is important to analyze VerifyMe's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VerifyMe's future performance. For an informed investment choice regarding VerifyMe Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VerifyMe. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade VerifyMe Stock refer to our How to Trade VerifyMe Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for VerifyMe Stock analysis
When running VerifyMe's price analysis, check to measure VerifyMe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VerifyMe is operating at the current time. Most of VerifyMe's value examination focuses on studying past and present price action to predict the probability of VerifyMe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VerifyMe's price. Additionally, you may evaluate how the addition of VerifyMe to your portfolios can decrease your overall portfolio volatility.
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Is VerifyMe's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of VerifyMe. If investors know VerifyMe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about VerifyMe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.97) | Earnings Share (0.35) | Revenue Per Share 2.592 | Quarterly Revenue Growth (0.10) | Return On Assets (0.10) |
The market value of VerifyMe is measured differently than its book value, which is the value of VerifyMe that is recorded on the company's balance sheet. Investors also form their own opinion of VerifyMe's value that differs from its market value or its book value, called intrinsic value, which is VerifyMe's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VerifyMe's market value can be influenced by many factors that don't directly affect VerifyMe's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VerifyMe's value and its price as these two are different measures arrived at by different means. Investors typically determine if VerifyMe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VerifyMe's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.