Vericel Corp Correlations
| VCEL Stock | USD 33.50 0.50 1.47% |
The correlation of Vericel Corp 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 Vericel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vericel Corp Ord 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 Vericel Corp Ord. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Vericel |
The ability to find closely correlated positions to Vericel Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vericel Corp 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 Vericel Corp - 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 Vericel Corp Ord to buy it.
Moving together with Vericel Stock
| + | 0.7 | KA | Kineta Inc | Symbol Change | PairCorr | |
| + | 0.68 | ME | 23Andme Holding | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.85 | IMGN | ImmunoGen | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.78 | MDGL | Madrigal Pharmaceuticals | Fiscal Quarter End 30th of September 2023 | PairCorr |
Related Correlations Analysis
VANI | VAXX | DNTH | VACC | YS | VALN | ||
VANI | 0.79 | -0.55 | 0.55 | 0.81 | 0.77 | VANI | |
VAXX | 0.79 | -0.82 | 0.4 | 0.79 | 0.73 | VAXX | |
DNTH | -0.55 | -0.82 | -0.25 | -0.64 | -0.55 | DNTH | |
VACC | 0.55 | 0.4 | -0.25 | 0.44 | 0.33 | VACC | |
YS | 0.81 | 0.79 | -0.64 | 0.44 | 0.82 | YS | |
VALN | 0.77 | 0.73 | -0.55 | 0.33 | 0.82 | VALN | |
VANI | VAXX | DNTH | VACC | YS | VALN |
| 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 Vericel Stock performing well and Vericel Corp 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 Vericel Corp'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 At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| VANI | 2.76 | (0.36) | 0.00 | (0.60) | 0.00 | (0.10) | 0.00 | 5.62 | (7.14) | 16.44 |
| VAXX | 3.90 | (0.58) | 0.00 | (1.71) | 0.00 | (0.11) | 0.00 | 10.40 | (9.27) | 29.56 |
| DNTH | 43.90 | 22.77 | 7.48 | 8.19 | 0.00 | 0.13 | (57.54) | 7.04 | (3.61) | 1,474 |
| VACC | 3.67 | 0.76 | 0.23 | 0.49 | 2.69 | 0.07 | (5.95) | 4.55 | (5.02) | 16.62 |
| YS | 3.57 | (0.63) | 0.00 | (0.55) | 0.00 | (0.08) | 0.00 | 3.75 | (9.09) | 70.08 |
| VALN | 1.98 | (0.36) | 0.00 | (0.33) | 0.00 | (0.14) | 0.00 | 3.91 | (4.51) | 14.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vericel Corp 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 Aroon Oscillator Now
Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |
| All Next | Launch Module |
Vericel Corp Corporate Directors
Vericel Corp corporate directors refer to members of a Vericel Corp board of directors. The board of directors generally takes responsibility for the Vericel Corp'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 Vericel Corp's board members must vote for the resolution. The Vericel Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alan Rubino | Independent Director | Profile | |
| Heidi Hagen | Director | Profile | |
| Steven Gilman | Director | Profile | |
| Paul Wotton | Director | Profile |
Already Invested in Vericel Corp Ord?
The danger of trading Vericel Corp Ord 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 Vericel Corp 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 Vericel Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vericel Corp Ord 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vericel Corp Ord. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Vericel Corp Ord information on this page should be used as a complementary analysis to other Vericel Corp'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Vericel Stock analysis
When running Vericel Corp's price analysis, check to measure Vericel Corp'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 Vericel Corp is operating at the current time. Most of Vericel Corp's value examination focuses on studying past and present price action to predict the probability of Vericel Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vericel Corp's price. Additionally, you may evaluate how the addition of Vericel Corp to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is Vericel Corp'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 Vericel Corp. If investors know Vericel 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 Vericel Corp 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 0.343 | Earnings Share (0.28) | Revenue Per Share 3.764 | Quarterly Revenue Growth 0.24 | Return On Assets (0.0334) |
The market value of Vericel Corp Ord is measured differently than its book value, which is the value of Vericel that is recorded on the company's balance sheet. Investors also form their own opinion of Vericel Corp's value that differs from its market value or its book value, called intrinsic value, which is Vericel Corp'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 Vericel Corp's market value can be influenced by many factors that don't directly affect Vericel Corp'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 Vericel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vericel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vericel Corp'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.