Veea Correlations

VEEAW Stock

0.04 0.01 16.51%

The current 90-days correlation between Veea Inc and JIADE LIMITED Common is -0.06 (i.e., Good diversification). The correlation of Veea 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.

Veea Correlation With Market

Good diversification

The correlation between Veea Inc and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veea Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Veea Stock

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

Moving together with Veea Stock

0.69	FISV	Fiserv, Common Stock Symbol Change	Pair Corr
0.69	KG	Kestrel Group, Symbol Change	Pair Corr
0.71	KUKE	Kuke Music Holding Earnings Call This Week	Pair Corr

Moving against Veea Stock

0.82	IBM	International Business	Pair Corr
0.8	MKSI	MKS Instruments	Pair Corr
0.77	CUB	Lionheart Holdings	Pair Corr
0.61	ACN	Accenture plc Earnings Call This Week	Pair Corr
0.53	CTSH	Cognizant Technology	Pair Corr
0.5	CGEMY	Capgemini SE ADR	Pair Corr
0.48	CAPMF	Capgemini SE	Pair Corr
0.38	NCRRP	NCR Corp Pref	Pair Corr
0.32	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr
0.78	BWVI	Blue Water Ventures	Pair Corr
0.75	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.71	SMEGF	Siemens Energy AG	Pair Corr
0.67	BBAR	BBVA Banco Frances	Pair Corr
0.56	ZIJMY	Zijin Mining Group	Pair Corr
0.55	TMQ	Trilogy Metals	Pair Corr
0.54	GPCR	Structure Therapeutics Trending	Pair Corr
0.4	ECOX	Eco Innovation Group	Pair Corr
0.37	BC	Brunswick	Pair Corr
0.32	CSW	CSW Industrials, Symbol Change	Pair Corr
0.83	CRVS	Corvus Pharmaceuticals	Pair Corr
0.79	BKOR	Oak Ridge Financial	Pair Corr
0.72	WEGZY	WEG SA ADR	Pair Corr
0.65	GOOGL	Alphabet Class A	Pair Corr
0.61	BNR	Burning Rock Biotech	Pair Corr
0.48	FSEA	First Seacoast Bancorp	Pair Corr
0.42	CADE	Cadence Bancorp	Pair Corr
0.33	GEHC	GE HealthCare Techno	Pair Corr

Related Correlations Analysis

	JDZG	CYCU	QCLS	TDTH	JTAI	SCKT	MITQ	IOTR	FTFT	IFBD
JDZG		0.33	-0.15	0.67	0.72	-0.74	0.61	0.45	0.75	0.53	JDZG
CYCU	0.33		0.23	0.73	0.76	-0.41	0.48	0.65	0.61	0.07	CYCU
QCLS	-0.15	0.23		0.11	0.03	0.09	0.01	0.04	0.05	-0.29	QCLS
TDTH	0.67	0.73	0.11		0.93	-0.7	0.81	0.83	0.92	0.4	TDTH
JTAI	0.72	0.76	0.03	0.93		-0.73	0.84	0.76	0.9	0.45	JTAI
SCKT	-0.74	-0.41	0.09	-0.7	-0.73		-0.56	-0.35	-0.81	-0.56	SCKT
MITQ	0.61	0.48	0.01	0.81	0.84	-0.56		0.66	0.74	0.54	MITQ
IOTR	0.45	0.65	0.04	0.83	0.76	-0.35	0.66		0.72	0.22	IOTR
FTFT	0.75	0.61	0.05	0.92	0.9	-0.81	0.74	0.72		0.42	FTFT
IFBD	0.53	0.07	-0.29	0.4	0.45	-0.56	0.54	0.22	0.42		IFBD
	JDZG	CYCU	QCLS	TDTH	JTAI	SCKT	MITQ	IOTR	FTFT	IFBD

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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

JTAI	+ 0.93	TDTH
FTFT	+ 0.92	TDTH
FTFT	+ 0.9	JTAI
MITQ	+ 0.84	JTAI
IOTR	+ 0.83	TDTH
MITQ	+ 0.81	TDTH

High negative correlations

FTFT	- 0.81	SCKT
SCKT	- 0.74	JDZG
SCKT	- 0.73	JTAI
SCKT	- 0.7	TDTH
IFBD	- 0.56	SCKT
MITQ	- 0.56	SCKT

Risk-Adjusted Indicators

There is a big difference between Veea Stock performing well and Veea 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 Veea'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
JDZG	4.77	(0.64)	0.00	(0.09)	0.00	0.00	6.92	(7.43)	83.10
CYCU	12.03	0.53	0.03	(0.20)	11.58	(18.46)	31.03	(17.29)	101.02
QCLS	8.56	0.73	0.10	0.30	8.03	(11.03)	21.43	(14.68)	68.33
TDTH	4.18	(1.02)	0.00	(0.39)	0.00	0.00	9.72	(8.06)	33.49
JTAI	4.09	(1.34)	0.00	(0.32)	0.00	0.00	6.58	(8.84)	26.91
SCKT	2.26	0.25	0.05	2.79	2.90	(2.93)	4.95	(4.12)	22.49
MITQ	4.31	(0.58)	0.00	(0.19)	0.00	0.00	13.21	(9.21)	39.68
IOTR	4.20	(0.79)	0.00	(0.26)	0.00	0.00	6.65	(11.21)	42.03
FTFT	4.57	(1.33)	0.00	(0.38)	0.00	0.00	7.48	(7.61)	46.42
IFBD	3.21	(0.26)	0.00	(0.22)	0.00	0.00	5.43	(5.74)	32.04

Veea Corporate Executives

Elected by the shareholders, the Veea's board of directors comprises two types of representatives: Veea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Veea. The board's role is to monitor Veea's management team and ensure that shareholders' interests are well served. Veea's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Veea's outside directors are responsible for providing unbiased perspectives on the board's policies.

Janice JD

Executive COO

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