Vivani Medical Correlations
| VANI Stock | USD 0.95 0.01 1.04% |
The correlation of Vivani Medical 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 Vivani Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vivani Medical 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vivani Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Vivani |
The ability to find closely correlated positions to Vivani Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vivani Medical 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 Vivani Medical - 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 Vivani Medical to buy it.
Moving against Vivani Stock
| - | 0.77 | HD | Home Depot | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| - | 0.73 | BA | Boeing | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.7 | MMM | 3M Company | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.67 | MCD | McDonalds | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.64 | BAC | Bank Of America | Aggressive Push | PairCorr | |
| - | 0.59 | JNJ | Johnson Johnson | Aggressive Push | PairCorr | |
| - | 0.59 | AA | Alcoa Corp | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.57 | KO | Coca-Cola | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.56 | CAT | Caterpillar | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.55 | JPM | JPMorgan Chase | Aggressive Push | PairCorr | |
| - | 0.51 | SNDL | SNDL Inc | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.49 | TTOO | T2 Biosystms | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.46 | PG | Procter Gamble | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.44 | MRK | Merck Company | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.44 | PFE | Pfizer Inc | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
EQ | YS | DMAC | VAXX | DNLI | DNTH | VBIV | VCEL | VCNX | ||
EQ | 0.85 | 0.64 | 0.7 | 0.85 | -0.4 | 0.68 | -0.49 | 0.79 | EQ | |
YS | 0.85 | 0.79 | 0.9 | 0.79 | -0.72 | 0.88 | -0.43 | 0.9 | YS | |
DMAC | 0.64 | 0.79 | 0.8 | 0.75 | -0.59 | 0.88 | -0.07 | 0.89 | DMAC | |
VAXX | 0.7 | 0.9 | 0.8 | 0.77 | -0.78 | 0.92 | -0.31 | 0.91 | VAXX | |
DNLI | 0.85 | 0.79 | 0.75 | 0.77 | -0.51 | 0.77 | -0.22 | 0.84 | DNLI | |
DNTH | -0.4 | -0.72 | -0.59 | -0.78 | -0.51 | -0.79 | 0.37 | -0.73 | DNTH | |
VBIV | 0.68 | 0.88 | 0.88 | 0.92 | 0.77 | -0.79 | -0.25 | 0.95 | VBIV | |
VCEL | -0.49 | -0.43 | -0.07 | -0.31 | -0.22 | 0.37 | -0.25 | -0.34 | VCEL | |
VCNX | 0.79 | 0.9 | 0.89 | 0.91 | 0.84 | -0.73 | 0.95 | -0.34 | VCNX | |
EQ | YS | DMAC | VAXX | DNLI | DNTH | VBIV | VCEL | VCNX |
| 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 Vivani Stock performing well and Vivani Medical 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 Vivani Medical'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| EQ | 2.26 | (0.65) | 0.00 | (1.22) | 0.00 | (0.22) | 0.00 | 3.75 | (5.56) | 19.52 | |
| YS | 4.02 | (0.89) | 0.00 | (4.79) | 0.00 | (0.17) | 0.00 | 8.33 | (9.09) | 20.54 | |
| DMAC | 2.63 | (0.17) | 0.00 | (0.14) | 0.00 | (0.0474) | 0.00 | 4.62 | (6.83) | 17.52 | |
| VAXX | 4.89 | (1.10) | 0.00 | (0.27) | 0.00 | (0.17) | 0.00 | 9.00 | (9.91) | 37.74 | |
| DNLI | 2.73 | (0.25) | 0.00 | (0.09) | 0.00 | (0.06) | 0.00 | 4.85 | (5.35) | 26.65 | |
| DNTH | 43.91 | 22.31 | 7.61 | 21.47 | 0.00 | 0.12 | (51.35) | 6.20 | (4.29) | 1,477 | |
| VBIV | 3.80 | (0.87) | 0.00 | (0.71) | 0.00 | (0.15) | 0.00 | 9.09 | (9.59) | 41.43 | |
| VCEL | 2.51 | 0.19 | 0.06 | 0.09 | 3.00 | 0.06 | (2.56) | 6.29 | (4.03) | 15.27 | |
| VCNX | 6.04 | (1.70) | 0.00 | (0.43) | 0.00 | (0.18) | 0.00 | 8.20 | (12.77) | 59.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vivani Medical 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 Premium Stories Now
Premium StoriesFollow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
| All Next | Launch Module |
Vivani Medical Corporate Management
Elected by the shareholders, the Vivani Medical's board of directors comprises two types of representatives: Vivani Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vivani. The board's role is to monitor Vivani Medical's management team and ensure that shareholders' interests are well served. Vivani Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vivani Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brigid Makes | Chief Officer | Profile | |
| Adam Mendelsohn | Chairman CoFounder | Profile | |
| Truc MBA | Chief Officer | Profile | |
| Donald MBA | Chief Officer | Profile | |
| Lisa MD | Chief Officer | Profile | |
| Kayte Fischer | CoFounder | Profile |
Already Invested in Vivani Medical?
The danger of trading Vivani Medical 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 Vivani Medical 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 Vivani Medical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vivani Medical 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 Vivani Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vivani Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vivani Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vivani Medical Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vivani Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Vivani Stock please use our How to Invest in Vivani Medical guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Vivani Stock analysis
When running Vivani Medical's price analysis, check to measure Vivani Medical'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 Vivani Medical is operating at the current time. Most of Vivani Medical's value examination focuses on studying past and present price action to predict the probability of Vivani Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vivani Medical's price. Additionally, you may evaluate how the addition of Vivani Medical 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 | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Vivani Medical'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 Vivani Medical. If investors know Vivani 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 Vivani Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Return On Assets (0.32) | Return On Equity (0.69) |
The market value of Vivani Medical is measured differently than its book value, which is the value of Vivani that is recorded on the company's balance sheet. Investors also form their own opinion of Vivani Medical's value that differs from its market value or its book value, called intrinsic value, which is Vivani Medical'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 Vivani Medical's market value can be influenced by many factors that don't directly affect Vivani Medical'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 Vivani Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vivani Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vivani Medical'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.