Twin Vee Correlations

VEEE Stock

USD 2.46 0.16 6.96%

The correlation of Twin Vee 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.

Twin Vee Correlation With Market

Significant diversification

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

Build AI portfolio with Twin Stock

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

Moving together with Twin Stock

0.62

COLM

Columbia Sportswear

Pair Corr

Moving against Twin Stock

0.36	PVH	PVH Corp	Pair Corr
0.34	LIVE	Live Ventures	Pair Corr
0.42	VSTA	Vasta Platform	Pair Corr
0.38	EVRI	Everi Holdings	Pair Corr
0.32	AGS	PlayAGS	Pair Corr

Related Correlations Analysis

	FUV	VMAR	MCOM	EZGO	LCII	CMOT	MPX	MCFT	FRZA	BC
FUV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FUV
VMAR	0.0		0.0	0.16	0.14	-0.08	0.17	0.08	0.0	-0.06	VMAR
MCOM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MCOM
EZGO	0.0	0.16	0.0		0.6	0.43	0.22	0.54	0.0	0.54	EZGO
LCII	0.0	0.14	0.0	0.6		0.4	0.42	0.75	0.0	0.83	LCII
CMOT	0.0	-0.08	0.0	0.43	0.4		0.31	0.23	0.0	0.26	CMOT
MPX	0.0	0.17	0.0	0.22	0.42	0.31		0.68	0.0	0.35	MPX
MCFT	0.0	0.08	0.0	0.54	0.75	0.23	0.68		0.0	0.81	MCFT
FRZA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRZA
BC	0.0	-0.06	0.0	0.54	0.83	0.26	0.35	0.81	0.0		BC
	FUV	VMAR	MCOM	EZGO	LCII	CMOT	MPX	MCFT	FRZA	BC

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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

BC	+ 0.83	LCII
BC	+ 0.81	MCFT
MCFT	+ 0.75	LCII
MCFT	+ 0.68	MPX
LCII	+ 0.6	EZGO
MCFT	+ 0.54	EZGO

High negative correlations

CMOT	- 0.08	VMAR
BC	- 0.06	VMAR
BC	- 0.0	FRZA
FRZA	- 0.0	MCFT
FRZA	- 0.0	MPX
FRZA	- 0.0	CMOT

Risk-Adjusted Indicators

There is a big difference between Twin Stock performing well and Twin Vee 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 Twin Vee'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
FUV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMAR	5.06	0.51	0.08	0.33	6.22	(5.27)	14.20	(10.88)	36.14
MCOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EZGO	3.71	(0.11)	0.00	(0.20)	0.00	0.00	10.34	(8.33)	37.50
LCII	1.95	(0.07)	0.00	(0.07)	0.00	0.00	3.78	(4.79)	13.96
CMOT	2.50	(0.88)	0.00	(2.68)	0.00	0.00	0.00	(4.76)	45.45
MPX	1.57	(0.02)	0.00	0.07	0.00	0.00	3.30	(3.25)	15.55
MCFT	2.26	0.11	0.04	(0.38)	2.66	(2.52)	4.21	(4.92)	19.54
FRZA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BC	2.45	0.06	0.02	(0.19)	3.53	(2.68)	5.70	(5.15)	22.61

Twin Vee Corporate Management

Carol Hindsman	Chief Officer	Profile
Thomas Huffman	Chief Officer	Profile
Jay Foster	Chief Officer	Profile
Glenn Sonoda	Secretary	Profile
Preston Yarborough	VP Director	Profile
Zachary Crane	Director Sales	Profile

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