Vantage Towers Correlations

VTWRF Stock

USD 40.06 0.00 0.00%

The current 90-days correlation between Vantage Towers AG and Henderson Land Development is -0.01 (i.e., Good diversification). The correlation of Vantage Towers 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.

Vantage Towers Correlation With Market

Good diversification

The correlation between Vantage Towers AG and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vantage Towers AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vantage Towers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vantage Towers 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 Vantage Towers - 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 Vantage Towers AG to buy it.

Moving together with Vantage Pink Sheet

0.85	VTAGY	Vantage Towers AG	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr

Moving against Vantage Pink Sheet

0.77	CLNXF	Cellnex Telecom SA	Pair Corr
0.7	CLLNY	Cellnex Telecom SA	Pair Corr
0.69	BEKE	Ke Holdings Earnings Call This Week	Pair Corr
0.58	CSGP	CoStar Group Potential Growth	Pair Corr
0.58	VONOY	Vonovia SE ADR	Pair Corr
0.52	RGVNF	Regent Ventures	Pair Corr
0.45	CBRE	CBRE Group Class	Pair Corr
0.39	MGMA	Metro Global Media	Pair Corr
0.64	BA	Boeing	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.49	HD	Home Depot Earnings Call This Week	Pair Corr
0.36	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	HLDCY	SWPFF	HLDVF	CHKGF	SURDF	CNGKY	CAOVY	CAOVF	AZRGF	SURYY
HLDCY		0.5	0.02	0.28	0.06	0.7	-0.07	-0.12	0.4	-0.52	HLDCY
SWPFF	0.5		-0.09	-0.23	0.18	0.56	-0.2	-0.31	0.75	-0.67	SWPFF
HLDVF	0.02	-0.09		0.03	0.29	0.07	-0.04	0.1	-0.24	0.03	HLDVF
CHKGF	0.28	-0.23	0.03		0.06	0.14	0.26	0.44	-0.28	0.14	CHKGF
SURDF	0.06	0.18	0.29	0.06		0.26	0.12	0.46	0.06	0.04	SURDF
CNGKY	0.7	0.56	0.07	0.14	0.26		-0.13	-0.24	0.55	-0.52	CNGKY
CAOVY	-0.07	-0.2	-0.04	0.26	0.12	-0.13		0.19	-0.3	0.42	CAOVY
CAOVF	-0.12	-0.31	0.1	0.44	0.46	-0.24	0.19		-0.49	0.28	CAOVF
AZRGF	0.4	0.75	-0.24	-0.28	0.06	0.55	-0.3	-0.49		-0.73	AZRGF
SURYY	-0.52	-0.67	0.03	0.14	0.04	-0.52	0.42	0.28	-0.73		SURYY
	HLDCY	SWPFF	HLDVF	CHKGF	SURDF	CNGKY	CAOVY	CAOVF	AZRGF	SURYY

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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

AZRGF	+ 0.75	SWPFF
CNGKY	+ 0.7	HLDCY
CNGKY	+ 0.56	SWPFF
AZRGF	+ 0.55	CNGKY
SWPFF	+ 0.5	HLDCY
CAOVF	+ 0.46	SURDF

High negative correlations

SURYY	- 0.73	AZRGF
SURYY	- 0.67	SWPFF
SURYY	- 0.52	CNGKY
SURYY	- 0.52	HLDCY
AZRGF	- 0.49	CAOVF
CAOVF	- 0.31	SWPFF

Risk-Adjusted Indicators

There is a big difference between Vantage Pink Sheet performing well and Vantage Towers 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 Vantage Towers' 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
HLDCY	1.19	0.06	(0.01)	0.25	1.32	(1.44)	2.82	(1.80)	6.50
SWPFF	0.40	0.05	0.00	(0.12)	0.00	0.00	1.49	(0.35)	7.75
HLDVF	1.47	0.04	0.00	0.20	2.97	(3.85)	5.59	(3.17)	24.03
CHKGF	0.92	0.26	0.00	(0.93)	0.00	0.00	2.74	0.00	17.30
SURDF	0.71	0.14	0.00	0.77	0.00	0.00	3.41	(1.38)	14.64
CNGKY	1.50	0.13	0.02	0.52	1.89	(1.59)	3.70	(3.09)	12.16
CAOVY	1.98	(0.04)	(0.02)	0.06	3.40	(2.09)	3.51	(4.94)	21.46
CAOVF	0.60	0.04	0.00	0.32	0.00	0.00	0.00	0.00	24.02
AZRGF	0.54	0.21	0.00	(0.92)	0.00	0.00	0.00	0.00	13.93
SURYY	0.42	(0.12)	0.00	3.90	0.00	0.00	0.58	0.00	11.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vantage Towers 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.

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Vantage Towers Corporate Management

Thomas Reisten	CFO Board	Profile
Sonia Hernandez	Chief Officer	Profile
Jose Rivera	Chief Officer	Profile
Christian Sommer	Gen Officer	Profile
Nikolaus Rama	HR Director	Profile
Vivek Badrinath	Chairman CEO	Profile
LieTin Wu	Head Relations	Profile

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