Viomi Technology Correlations

VIOT Stock

USD 2.10 0.22 11.70%

The current 90-days correlation between Viomi Technology ADR and Flexsteel Industries is -0.01 (i.e., Good diversification). The correlation of Viomi Technology 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Viomi Technology Correlation With Market

Good diversification

The correlation between Viomi Technology ADR and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viomi Technology ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viomi Technology ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Viomi Stock

0.79	BSET	Bassett Furniture	Pair Corr
0.78	GV	Visionary Education	Pair Corr
0.86	IH	Ihuman Inc	Pair Corr

Moving against Viomi Stock

0.87	H	Hyatt Hotels	Pair Corr
0.84	RH	RH Earnings Call This Week	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.73	W	Wayfair Buyout Trend	Pair Corr
0.73	BC	Brunswick	Pair Corr
0.7	FL	Foot Locker	Pair Corr
0.69	TH	Target Hospitality Corp	Pair Corr
0.68	DIBS	1StdibsCom	Pair Corr
0.68	BQ	Boqii Holding Limited	Pair Corr
0.65	SN	SharkNinja,	Pair Corr
0.62	SG	Sweetgreen	Pair Corr
0.6	LE	Lands End Earnings Call Tomorrow	Pair Corr
0.56	AN	AutoNation	Pair Corr
0.53	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.43	M	Macys Inc	Pair Corr
0.43	AS	Amer Sports,	Pair Corr
0.4	HOFT	Hooker Furniture	Pair Corr
0.4	BH	Biglari Holdings Downward Rally	Pair Corr
0.83	EEIQ	Elite Education Group	Pair Corr
0.78	WEYS	Weyco Group	Pair Corr
0.76	DXLG	Destination XL Group	Pair Corr
0.74	WING	Wingstop	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.73	ETSY	Etsy Inc	Pair Corr
0.73	EWCZ	European Wax Center	Pair Corr
0.71	VSCO	Victorias Secret	Pair Corr
0.71	FIVE	Five Below	Pair Corr

Related Correlations Analysis

	FLXS	HBB	NTZ	KBAL	CRWS	BSET	HOFT	ETD
FLXS		-0.71	-0.23	0.0	0.85	-0.78	0.78	0.51	FLXS
HBB	-0.71		0.09	0.0	-0.8	0.8	-0.34	-0.35	HBB
NTZ	-0.23	0.09		0.0	-0.11	0.15	-0.35	0.32	NTZ
KBAL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KBAL
CRWS	0.85	-0.8	-0.11	0.0		-0.94	0.58	0.4	CRWS
BSET	-0.78	0.8	0.15	0.0	-0.94		-0.52	-0.23	BSET
HOFT	0.78	-0.34	-0.35	0.0	0.58	-0.52		0.3	HOFT
ETD	0.51	-0.35	0.32	0.0	0.4	-0.23	0.3		ETD
	FLXS	HBB	NTZ	KBAL	CRWS	BSET	HOFT	ETD

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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

CRWS	+ 0.85	FLXS
BSET	+ 0.8	HBB
HOFT	+ 0.78	FLXS
HOFT	+ 0.58	CRWS
ETD	+ 0.51	FLXS
ETD	+ 0.4	CRWS

High negative correlations

BSET	- 0.94	CRWS
CRWS	- 0.8	HBB
BSET	- 0.78	FLXS
HBB	- 0.71	FLXS
HOFT	- 0.52	BSET
HOFT	- 0.35	NTZ

Risk-Adjusted Indicators

There is a big difference between Viomi Stock performing well and Viomi Technology 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 Viomi Technology'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
FLXS	2.56	(0.59)	0.00	(0.47)	0.00	0.00	4.30	(5.34)	37.91
HBB	2.23	0.24	0.09	0.20	2.54	(2.35)	5.34	(4.38)	17.62
NTZ	2.85	0.05	0.04	(0.17)	3.26	(3.72)	6.75	(5.80)	24.28
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRWS	0.78	(0.17)	0.00	(0.45)	0.00	0.00	1.14	(1.77)	6.23
BSET	1.41	0.18	0.11	1.08	1.83	(1.51)	3.43	(2.82)	10.89
HOFT	1.64	(0.50)	0.00	(1.66)	0.00	0.00	1.93	(4.36)	11.10
ETD	1.25	(0.05)	0.00	(0.13)	0.00	0.00	2.04	(2.52)	14.02

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