Vivint Smart Correlations
| VVNTDelisted Stock | USD 12.00 0.01 0.08% |
The correlation of Vivint Smart 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 Vivint Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vivint Smart Home 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.
Good diversification
The correlation between Vivint Smart Home and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vivint Smart Home and NYA in the same portfolio, assuming nothing else is changed.
Vivint |
The ability to find closely correlated positions to Vivint Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vivint Smart 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 Vivint Smart - 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 Vivint Smart Home to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between Vivint Stock performing well and Vivint Smart 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 Vivint Smart'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALVO | 1.98 | 0.12 | 0.03 | 0.29 | 3.08 | 4.10 | 26.48 | |||
| AMGN | 0.99 | (0.23) | 0.00 | (0.18) | 0.00 | 1.68 | 9.67 | |||
| TFX | 1.22 | (0.37) | 0.00 | (0.18) | 0.00 | 2.40 | 8.62 | |||
| CPIX | 2.81 | (0.24) | 0.00 | (0.50) | 0.00 | 5.10 | 21.92 | |||
| RDNT | 1.77 | 0.26 | 0.19 | 0.23 | 1.35 | 3.76 | 21.32 | |||
| MOLN | 2.77 | (0.20) | 0.00 | 4.46 | 0.00 | 5.67 | 26.69 | |||
| MMSI | 1.05 | (0.19) | 0.00 | (0.10) | 0.00 | 2.25 | 7.75 | |||
| CAH | 1.06 | (0.03) | 0.00 | 0.28 | 0.00 | 2.07 | 6.68 |
Vivint Smart Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vivint Smart stock to make a market-neutral strategy. Peer analysis of Vivint Smart could also be used in its relative valuation, which is a method of valuing Vivint Smart by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Vivint Smart Corporate Management
Elected by the shareholders, the Vivint Smart's board of directors comprises two types of representatives: Vivint Smart inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vivint. The board's role is to monitor Vivint Smart's management team and ensure that shareholders' interests are well served. Vivint Smart'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, Vivint Smart's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Garen | Chief Ethics and Compliance Officer | Profile | |
| Shawn Lindquist | Chief Legal Officer and Secretary | Profile | |
| Michael Staub | Director | Profile | |
| David Alessandro | Independent Chairman of the Board | Profile | |
| Garner III | Chief Sec | Profile | |
| Noelle Bates | VP PR | Profile | |
| Todd Santiago | Chief Revenue Officer | Profile |
Still Interested in Vivint Smart Home?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out World Market Map to better understand how to build diversified portfolios. 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. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Consideration for investing in Vivint Stock
If you are still planning to invest in Vivint Smart Home check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Vivint Smart's history and understand the potential risks before investing.
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