Victory Bancorp Correlations
| VTYB Stock | USD 10.20 0.09 0.89% |
The correlation of Victory Bancorp 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 Victory Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Victory Bancorp 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.
Significant diversification
The correlation between The Victory Bancorp and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Victory Bancorp and NYA in the same portfolio, assuming nothing else is changed.
Victory |
The ability to find closely correlated positions to Victory Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Victory Bancorp 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 Victory Bancorp - 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 The Victory Bancorp to buy it.
Moving together with Victory OTC Stock
Moving against Victory OTC Stock
| 0.7 | BNPQY | BNP Paribas SA Earnings Call Today | PairCorr |
| 0.68 | BNPQF | BNP Paribas SA | PairCorr |
| 0.65 | CIHHF | China Merchants Bank | PairCorr |
| 0.64 | HDB | HDFC Bank Limited Financial Report 15th of July 2024 | PairCorr |
| 0.62 | CIHKY | China Merchants Bank | PairCorr |
| 0.6 | LRDG | Lord Global Corp | PairCorr |
| 0.51 | IBN | ICICI Bank Limited Financial Report 26th of April 2024 | PairCorr |
| 0.84 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
Related Correlations Analysis
| 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 Victory OTC Stock performing well and Victory Bancorp OTC Stock 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 Victory Bancorp'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Victory Bancorp 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 Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Victory Bancorp Corporate Management
Elected by the shareholders, the Victory Bancorp's board of directors comprises two types of representatives: Victory Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Victory. The board's role is to monitor Victory Bancorp's management team and ensure that shareholders' interests are well served. Victory Bancorp'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, Victory Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CPA CPA | COO, CFO | Profile | |
| Alexander Kroll | Pres Officer | Profile | |
| Benjamin Major | Chief Officer | Profile | |
| Kelly Taylor | Ex Relations | Profile | |
| Joseph Major | Pres Chairman | Profile | |
| Jon Swearer | Chief VP | Profile | |
| Tony DAntonio | VP Region | Profile |
Already Invested in The Victory Bancorp?
The danger of trading The Victory Bancorp is mainly related to its market volatility and OTC Stock 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 Victory Bancorp 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 Victory Bancorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Victory Bancorp 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 The Victory Bancorp. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Victory OTC Stock analysis
When running Victory Bancorp's price analysis, check to measure Victory Bancorp'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 Victory Bancorp is operating at the current time. Most of Victory Bancorp's value examination focuses on studying past and present price action to predict the probability of Victory Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victory Bancorp's price. Additionally, you may evaluate how the addition of Victory Bancorp to your portfolios can decrease your overall portfolio volatility.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |