Virtu Financial Correlations

VIRT Stock

USD 37.58 0.14 0.37%

The current 90-days correlation between Virtu Financial and Evercore Partners is 0.69 (i.e., Poor diversification). The correlation of Virtu Financial 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.

Virtu Financial Correlation With Market

Very weak diversification

The correlation between Virtu Financial and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtu Financial 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 Virtu Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Virtu Stock please use our How to Invest in Virtu Financial guide.

Moving together with Virtu Stock

0.7	MS	Morgan Stanley	Pair Corr
0.7	CIM	Chimera Investment	Pair Corr
0.65	COF	Capital One Financial	Pair Corr
0.63	HLI	Houlihan Lokey	Pair Corr
0.73	OPFI	OppFi Inc	Pair Corr
0.64	PFSI	PennyMac Finl Svcs	Pair Corr

Moving against Virtu Stock

0.43

VEL

Velocity Financial Llc

Pair Corr

Related Correlations Analysis

	PWP	EVR	LAZ	PIPR	MC	PJT	HLI	JEF	TW
PWP		0.94	0.85	0.94	0.95	0.78	0.94	0.85	-0.67	PWP
EVR	0.94		0.81	0.96	0.94	0.74	0.88	0.96	-0.61	EVR
LAZ	0.85	0.81		0.87	0.87	0.88	0.9	0.71	-0.67	LAZ
PIPR	0.94	0.96	0.87		0.96	0.84	0.93	0.9	-0.67	PIPR
MC	0.95	0.94	0.87	0.96		0.88	0.95	0.86	-0.74	MC
PJT	0.78	0.74	0.88	0.84	0.88		0.86	0.6	-0.79	PJT
HLI	0.94	0.88	0.9	0.93	0.95	0.86		0.78	-0.67	HLI
JEF	0.85	0.96	0.71	0.9	0.86	0.6	0.78		-0.46	JEF
TW	-0.67	-0.61	-0.67	-0.67	-0.74	-0.79	-0.67	-0.46		TW
	PWP	EVR	LAZ	PIPR	MC	PJT	HLI	JEF	TW

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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

PIPR	+ 0.96	EVR
JEF	+ 0.96	EVR
MC	+ 0.96	PIPR
MC	+ 0.95	PWP
HLI	+ 0.95	MC
EVR	+ 0.94	PWP

High negative correlations

TW	- 0.79	PJT
TW	- 0.74	MC
TW	- 0.67	HLI
TW	- 0.67	PIPR
TW	- 0.67	LAZ
TW	- 0.67	PWP

Risk-Adjusted Indicators

There is a big difference between Virtu Stock performing well and Virtu Financial 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 Virtu Financial'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
PWP	2.20	(0.25)	0.00	(0.24)	0.00	0.00	4.67	(5.26)	14.41
EVR	1.85	(0.44)	0.00	(0.35)	0.00	0.00	2.33	(5.48)	11.75
LAZ	1.96	(0.08)	0.00	(0.12)	0.00	0.00	4.04	(4.56)	14.41
PIPR	1.58	(0.21)	0.00	(0.23)	0.00	0.00	2.82	(3.91)	9.43
MC	1.67	(0.20)	0.00	(0.22)	0.00	0.00	2.78	(4.40)	8.78
PJT	1.56	(0.13)	0.00	(0.17)	0.00	0.00	3.24	(2.79)	11.57
HLI	1.35	(0.08)	0.00	(0.15)	0.00	0.00	1.98	(3.01)	8.89
JEF	1.85	(0.33)	0.00	(0.27)	0.00	0.00	2.51	(4.71)	13.30
TW	1.14	0.14	0.14	0.45	1.24	(1.20)	2.36	(2.16)	5.87

Virtu Financial Corporate Management

Justin Waldie	General VP	Profile
Justin JD	General VP	Profile
Stephen Sr	Executive Services	Profile
Cindy Lee	Chief Officer	Profile

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