VivoPower International Correlations
| VVPR Stock | USD 3.59 0.24 6.27% |
The correlation of VivoPower International 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.
VivoPower International Correlation With Market
Good diversification
The correlation between VivoPower International PLC and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VivoPower International PLC and DJI in the same portfolio, assuming nothing else is changed.
VivoPower | Build AI portfolio with VivoPower Stock |
Moving together with VivoPower Stock
| 0.67 | DBD | Diebold Nixdorf, | PairCorr |
| 0.63 | HPE-PC | Hewlett Packard Ente | PairCorr |
| 0.8 | CORZZ | Core Scientific, Tranche Trending | PairCorr |
Moving against VivoPower Stock
| 0.61 | SOJD | Southern | PairCorr |
| 0.55 | APCXW | AppTech Payments Corp | PairCorr |
| 0.53 | EXOD | Exodus Movement, | PairCorr |
| 0.45 | VSTE | Vast Renewables | PairCorr |
| 0.44 | VISL | Vislink Technologies | PairCorr |
| 0.75 | APCX | Apptech Corp | PairCorr |
| 0.63 | SMTK | SmartKem, Common Stock | PairCorr |
| 0.62 | HPAIW | Helport AI Limited | PairCorr |
| 0.52 | SLNHP | Soluna Holdings Preferred | PairCorr |
| 0.34 | ODYS | Odysightai Common Stock Trending | PairCorr |
| 0.32 | BULLZ | Webull Incentive | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 VivoPower Stock performing well and VivoPower International 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 VivoPower International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISUN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOL | 3.22 | 0.27 | 0.05 | (0.85) | 4.08 | 6.78 | 19.43 | |||
| TYGO | 3.50 | 0.61 | 0.15 | 0.73 | 3.87 | 6.92 | 17.03 | |||
| SPWR | 5.52 | 0.35 | 0.05 | 0.27 | 6.81 | 13.22 | 41.94 | |||
| RUN | 6.30 | 0.77 | 0.07 | 0.56 | 11.35 | 15.38 | 58.11 | |||
| NOVA | 11.44 | (2.35) | 0.00 | 11.90 | 0.00 | 27.78 | 136.43 | |||
| JKS | 2.44 | (0.01) | 0.00 | 0.02 | 4.12 | 4.87 | 20.74 | |||
| CSIQ | 4.25 | 0.31 | 0.06 | 0.17 | 5.76 | 8.43 | 32.93 |
VivoPower International Corporate Management
| Adam Malcolm | Managing Kenshaw | Profile | |
| James TindalRobertson | Group Director | Profile | |
| Phil Lowbridge | Managing Martin | Profile | |
| Alun Evans | Head Quality | Profile | |
| Chris Mallios | Chief OperatingOfficer | Profile |