Voxeljet Correlations
| VJET Stock | USD 1.49 0.04 2.76% |
The correlation of Voxeljet 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 Voxeljet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voxeljet Ag 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 Voxeljet Ag. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in banks. Voxeljet |
The ability to find closely correlated positions to Voxeljet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voxeljet 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 Voxeljet - 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 Voxeljet Ag to buy it.
Moving together with Voxeljet Stock
Moving against Voxeljet Stock
| - | 0.78 | CCUR | CCUR Holdings | PairCorr | ||
| - | 0.75 | CRCT | Cricut Inc | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.74 | SGE | Strong Global Entert | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.63 | VIDE | Video Display | Fiscal Quarter End 30th of November 2023 | PairCorr | |
| - | 0.61 | SDON | Sandston Corp | PairCorr | ||
| - | 0.56 | QUBT | Quantum ComputingInc | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.56 | UAVS | Ageagle Aerial Systems | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.53 | B | Barnes Group | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.64 | BW | Babcock Wilcox Enter | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
VIDE | FATH | CAN | DDD | OSS | SGE | STX | VLD | INVE | ||
VIDE | 0.83 | 0.48 | 0.63 | -0.49 | 0.45 | -0.63 | 0.68 | 0.83 | VIDE | |
FATH | 0.83 | 0.49 | 0.85 | -0.25 | 0.01 | -0.36 | 0.48 | 0.61 | FATH | |
CAN | 0.48 | 0.49 | 0.37 | 0.1 | 0.13 | -0.4 | 0.56 | 0.35 | CAN | |
DDD | 0.63 | 0.85 | 0.37 | -0.02 | -0.21 | -0.11 | 0.29 | 0.55 | DDD | |
OSS | -0.49 | -0.25 | 0.1 | -0.02 | -0.56 | 0.61 | -0.29 | -0.56 | OSS | |
SGE | 0.45 | 0.01 | 0.13 | -0.21 | -0.56 | -0.69 | 0.58 | 0.52 | SGE | |
STX | -0.63 | -0.36 | -0.4 | -0.11 | 0.61 | -0.69 | -0.66 | -0.63 | STX | |
VLD | 0.68 | 0.48 | 0.56 | 0.29 | -0.29 | 0.58 | -0.66 | 0.58 | VLD | |
INVE | 0.83 | 0.61 | 0.35 | 0.55 | -0.56 | 0.52 | -0.63 | 0.58 | INVE | |
VIDE | FATH | CAN | DDD | OSS | SGE | STX | VLD | INVE |
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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 Voxeljet Stock performing well and Voxeljet 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 Voxeljet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIDE | 0.54 | (0.16) | 0.00 | 0.63 | 0.00 | (0.15) | 0.00 | 0.98 | (4.35) | 7.70 | |
| FATH | 5.01 | (0.92) | 0.00 | (5.29) | 0.00 | (0.13) | 0.00 | 10.61 | (11.19) | 42.25 | |
| CAN | 3.06 | (0.23) | 0.00 | 0.60 | 0.00 | (0.06) | 0.00 | 7.04 | (6.25) | 22.64 | |
| DDD | 3.69 | (0.15) | 0.00 | (0.02) | 0.00 | (0.0211) | 0.00 | 8.98 | (6.36) | 19.86 | |
| OSS | 2.34 | 0.00 | 0.00 | 0.01 | 2.50 | (0.0036) | (2.99) | 5.39 | (3.74) | 21.79 | |
| SGE | 3.55 | (0.12) | 0.00 | 0.13 | 0.00 | (0.0313) | 0.00 | 9.58 | (6.80) | 24.28 | |
| STX | 1.50 | 0.24 | 0.09 | 0.97 | 2.41 | 0.10 | (1.55) | 4.11 | (2.35) | 15.04 | |
| VLD | 4.55 | (0.46) | 0.00 | 0.31 | 0.00 | (0.07) | 0.00 | 9.65 | (8.67) | 49.62 | |
| INVE | 3.23 | (0.22) | 0.00 | (0.18) | 0.00 | (0.05) | 0.00 | 6.99 | (6.33) | 23.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Voxeljet 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?
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Voxeljet Corporate Executives
Elected by the shareholders, the Voxeljet's board of directors comprises two types of representatives: Voxeljet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Voxeljet. The board's role is to monitor Voxeljet's management team and ensure that shareholders' interests are well served. Voxeljet'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, Voxeljet's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rudolf Franz | CFO, Principal Accounting Officer, Chief Operation Officer and Member of Management Board | Profile |
Already Invested in Voxeljet Ag?
The danger of trading Voxeljet Ag 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 Voxeljet 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 Voxeljet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Voxeljet Ag 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 Voxeljet Ag 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 Voxeljet 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 Voxeljet Ag Stock. Highlighted below are key reports to facilitate an investment decision about Voxeljet Ag Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voxeljet Ag. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in banks. Note that the Voxeljet Ag information on this page should be used as a complementary analysis to other Voxeljet'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Voxeljet Stock analysis
When running Voxeljet's price analysis, check to measure Voxeljet'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 Voxeljet is operating at the current time. Most of Voxeljet's value examination focuses on studying past and present price action to predict the probability of Voxeljet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voxeljet's price. Additionally, you may evaluate how the addition of Voxeljet to your portfolios can decrease your overall portfolio volatility.
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| 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 | |
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Is Voxeljet'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 Voxeljet. If investors know Voxeljet 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 Voxeljet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Revenue Per Share 3.335 | Quarterly Revenue Growth 0.075 | Return On Assets (0.08) | Return On Equity (0.60) |
The market value of Voxeljet Ag is measured differently than its book value, which is the value of Voxeljet that is recorded on the company's balance sheet. Investors also form their own opinion of Voxeljet's value that differs from its market value or its book value, called intrinsic value, which is Voxeljet'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 Voxeljet's market value can be influenced by many factors that don't directly affect Voxeljet'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 Voxeljet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voxeljet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voxeljet'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.