VISA INC Correlations

VISA34
  

BRL 48.58  0.68  1.42%   

The correlation of VISA INC is a statistical measure of how it moves in relation to other equities. 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 VISA INC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VISA INC DRN 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.
Also, please take a look at World Market Map.
  
The ability to find closely correlated positions to VISA INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VISA INC 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 VISA INC - 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 VISA INC DRN to buy it.

Moving together with VISA INC

+0.88TMCO34TOYOTAMO DRNPairCorr
+0.83GOGL34ALPHABET DRN APairCorr
+0.82GOGL35ALPHABET DRN CPairCorr
+0.88BERK34BERKSHIRE DRNPairCorr
+0.74PFIZ34PFIZER DRNPairCorr

Moving against VISA INC

-0.61ITUB4ITAUUNIBANCOPN N1PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   

VISA INC Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between VISA34 Stock performing well and VISA INC company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze VISA INC's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.21  0.08  0.30  2.78  0.09 (1.58)  4.00 (2.55)  15.22 
MSFT 1.34 (0.07)  0.00 (0.12)  0.00 (0.0405)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.43  0.13  0.42  2.94  0.11 (3.07)  5.60 (4.70)  25.11 
F 2.20  0.14  0.04  0.03  3.03  0.0379 (2.41)  5.18 (3.74)  18.47 
T 0.99 (0.37)  0.00 (0.66)  0.00 (0.24)  0.00  1.55 (2.33)  9.29 
A 1.60  0.12  0.06  0.05  1.88  0.05 (1.76)  2.87 (3.13)  11.70 
CRM 1.97 (0.19)  0.00 (0.23)  0.00 (0.08)  0.00  3.63 (4.55)  10.76 
JPM 1.30 (0.05)  0.00 (0.10)  0.00 (0.0297)  0.00  2.53 (2.88)  8.06 
MRK 0.91 (0.11)  0.00 (0.40)  0.00 (0.06)  0.00  1.64 (2.13)  4.57 
XOM 1.78  0.05  0.03  0.02  2.18  0.0329 (1.85)  3.33 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in VISA INC 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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VISA INC Corporate Directors

VISA INC corporate directors refer to members of a VISA INC board of directors. The board of directors generally takes responsibility for the VISA INC'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 VISA INC's board members must vote for the resolution. The VISA INC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Cathy Minehan - Independent DirectorProfile
John Swainson - Independent DirectorProfile
Alfred Kelly - Independent DirectorProfile
Mary Cranston - Independent DirectorProfile

Invested in VISA INC DRN?

The danger of trading VISA INC DRN 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 VISA INC 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 VISA INC. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VISA INC DRN 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.
Also, please take a look at World Market Map. Note that the VISA INC DRN information on this page should be used as a complementary analysis to other VISA INC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Other Tools for VISA34 Stock

When running VISA INC DRN price analysis, check to measure VISA INC'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 VISA INC is operating at the current time. Most of VISA INC's value examination focuses on studying past and present price action to predict the probability of VISA INC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move VISA INC's price. Additionally, you may evaluate how the addition of VISA INC to your portfolios can decrease your overall portfolio volatility.
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