Virginia National Correlations
| VABK Stock | USD 29.78 0.12 0.40% |
The correlation of Virginia National 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Virginia National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Virginia National Bankshares 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.
Very weak diversification
The correlation between Virginia National Bankshares and NYA is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virginia National Bankshares and NYA in the same portfolio, assuming nothing else is changed.
Virginia |
The ability to find closely correlated positions to Virginia National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Virginia National 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 Virginia National - 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 Virginia National Bankshares to buy it.
Moving together with Virginia Stock
| 0.68 | VBNK | VersaBank Financial Report 5th of June 2024 | PairCorr |
| 0.63 | TFC-PO | Truist Financial | PairCorr |
| 0.74 | TFC-PR | Truist Financial | PairCorr |
| 0.67 | EBMT | Eagle Bancorp Montana Financial Report 23rd of July 2024 | PairCorr |
| 0.78 | EBTC | Enterprise Bancorp | PairCorr |
Moving against Virginia Stock
| 0.62 | DB | Deutsche Bank AG | PairCorr |
| 0.52 | TECTP | Tectonic Financial | PairCorr |
| 0.48 | CFG-PD | Citizens Financial | PairCorr |
Related Correlations Analysis
| 0.8 | -0.81 | 0.76 | 0.11 | -0.47 | NFBK | ||
| 0.8 | -0.89 | 0.7 | -0.09 | -0.44 | FIDS | ||
| -0.81 | -0.89 | -0.66 | 0.09 | 0.39 | MIFF | ||
| 0.76 | 0.7 | -0.66 | 0.02 | -0.52 | CEFC | ||
| 0.11 | -0.09 | 0.09 | 0.02 | 0.15 | APLO | ||
| -0.47 | -0.44 | 0.39 | -0.52 | 0.15 | KPCPY | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Virginia Stock performing well and Virginia National 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 Virginia National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFBK | 1.98 | (0.45) | 0.00 | (0.17) | 0.00 | 3.32 | 12.36 | |||
| FIDS | 0.56 | (0.18) | 0.00 | (0.27) | 0.00 | 0.10 | 11.36 | |||
| MIFF | 0.12 | 0.04 | 0.00 | 0.48 | 0.00 | 0.00 | 3.97 | |||
| CEFC | 1.03 | (0.18) | 0.00 | (0.98) | 0.00 | 1.81 | 7.15 | |||
| APLO | 0.61 | (0.14) | 0.00 | (0.11) | 0.00 | 2.13 | 13.92 | |||
| KPCPY | 1.90 | 0.12 | 0.03 | 0.37 | 2.49 | 3.72 | 9.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Virginia National 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.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
Already Invested in Virginia National Bankshares?
The danger of trading Virginia National Bankshares 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 Virginia National 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 Virginia National. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virginia National 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.
When determining whether Virginia National is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Virginia Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Virginia National Bankshares Stock. Highlighted below are key reports to facilitate an investment decision about Virginia National Bankshares Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virginia National Bankshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Virginia National information on this page should be used as a complementary analysis to other Virginia National'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 the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Virginia Stock analysis
When running Virginia National's price analysis, check to measure Virginia National'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 Virginia National is operating at the current time. Most of Virginia National's value examination focuses on studying past and present price action to predict the probability of Virginia National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virginia National's price. Additionally, you may evaluate how the addition of Virginia National to your portfolios can decrease your overall portfolio volatility.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Is Virginia National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Virginia National. If investors know Virginia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Virginia National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.37) | Dividend Share 1.32 | Earnings Share 3.18 | Revenue Per Share 10.096 | Quarterly Revenue Growth (0.18) |
The market value of Virginia National is measured differently than its book value, which is the value of Virginia that is recorded on the company's balance sheet. Investors also form their own opinion of Virginia National's value that differs from its market value or its book value, called intrinsic value, which is Virginia National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Virginia National's market value can be influenced by many factors that don't directly affect Virginia National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Virginia National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virginia National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virginia National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.