VOXX International Correlations

VOXX Stock

USD 7.59 0.07 0.91%

The current 90-days correlation between VOXX International and Turtle Beach Corp is -0.01 (i.e., Good diversification). The correlation of VOXX International 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.

VOXX International Correlation With Market

Significant diversification

The correlation between VOXX International and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VOXX International 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 VOXX International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

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

Moving together with VOXX Stock

0.74	RL	Ralph Lauren Corp	Pair Corr
0.81	DOGZ	Dogness International Upward Rally	Pair Corr
0.74	REE	Ree Automotive Holding Earnings Call Today	Pair Corr

Moving against VOXX Stock

0.76	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.7	SKX	Skechers USA	Pair Corr
0.48	CRI	Carters	Pair Corr
0.43	CCS	Century Communities	Pair Corr
0.42	DHI	DR Horton	Pair Corr
0.38	MTH	Meritage	Pair Corr
0.36	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.36	NKE	Nike Inc Aggressive Push	Pair Corr
0.81	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.56	GV	Visionary Education	Pair Corr
0.55	JXJT	JX Luxventure Limited	Pair Corr
0.53	WTO	UTime Limited	Pair Corr
0.51	RCKY	Rocky Brands	Pair Corr
0.46	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.44	GOOS	Canada Goose Holdings	Pair Corr
0.38	AREBW	American Rebel Holdings	Pair Corr
0.37	LANV	Lanvin Group Holdings	Pair Corr
0.36	VRA	Vera Bradley Earnings Call This Week	Pair Corr
0.33	LEGH	Legacy Housing Corp	Pair Corr
0.31	TPH	TRI Pointe Homes	Pair Corr

Related Correlations Analysis

	LPL	VZIO	HEAR	MSN	UEIC	SSNLF	SONY	SONO	XIACY	GPRO
LPL		-0.09	-0.31	0.2	-0.58	-0.55	0.18	-0.63	-0.74	0.0	LPL
VZIO	-0.09		0.17	-0.05	0.19	0.19	0.25	0.16	0.2	-0.22	VZIO
HEAR	-0.31	0.17		0.38	0.05	0.62	-0.26	0.64	0.56	0.39	HEAR
MSN	0.2	-0.05	0.38		-0.52	0.38	-0.31	0.14	0.2	0.52	MSN
UEIC	-0.58	0.19	0.05	-0.52		0.15	0.47	0.49	0.48	-0.19	UEIC
SSNLF	-0.55	0.19	0.62	0.38	0.15		-0.21	0.52	0.86	0.16	SSNLF
SONY	0.18	0.25	-0.26	-0.31	0.47	-0.21		-0.15	-0.13	-0.2	SONY
SONO	-0.63	0.16	0.64	0.14	0.49	0.52	-0.15		0.76	0.39	SONO
XIACY	-0.74	0.2	0.56	0.2	0.48	0.86	-0.13	0.76		0.16	XIACY
GPRO	0.0	-0.22	0.39	0.52	-0.19	0.16	-0.2	0.39	0.16		GPRO
	LPL	VZIO	HEAR	MSN	UEIC	SSNLF	SONY	SONO	XIACY	GPRO

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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

XIACY	+ 0.86	SSNLF
XIACY	+ 0.76	SONO
SONO	+ 0.64	HEAR
SSNLF	+ 0.62	HEAR
XIACY	+ 0.56	HEAR
GPRO	+ 0.52	MSN

High negative correlations

XIACY	- 0.74	LPL
SONO	- 0.63	LPL
UEIC	- 0.58	LPL
SSNLF	- 0.55	LPL
UEIC	- 0.52	MSN
SONY	- 0.31	MSN

Risk-Adjusted Indicators

There is a big difference between VOXX Stock performing well and VOXX International 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 VOXX International'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
LPL	1.78	(0.22)	0.00	0.70	0.00	0.00	2.49	(3.74)	11.29
VZIO	0.37	0.01	(0.24)	0.24	0.39	(0.41)	0.90	(0.62)	2.34
HEAR	2.21	(0.01)	0.03	0.12	2.60	(2.41)	4.37	(4.23)	16.47
MSN	2.27	(0.06)	0.00	(0.04)	0.00	0.00	6.00	(5.88)	17.16
UEIC	2.86	0.47	0.13	1.02	2.68	(3.38)	6.35	(4.88)	34.62
SSNLF	0.02	0.00	0.00	(0.09)	0.00	0.00	0.00	0.00	0.67
SONY	1.25	(0.01)	(0.03)	0.10	1.56	(1.37)	2.76	(2.53)	12.94
SONO	2.08	0.05	0.03	0.16	2.44	(2.16)	4.04	(3.91)	10.40
XIACY	2.29	0.75	0.19	(0.86)	2.42	(2.71)	6.38	(3.48)	17.84
GPRO	2.98	(0.33)	0.00	(0.02)	0.00	0.00	5.65	(6.47)	26.69

VOXX International Corporate Executives

Elected by the shareholders, the VOXX International's board of directors comprises two types of representatives: VOXX International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VOXX. The board's role is to monitor VOXX International's management team and ensure that shareholders' interests are well served. VOXX International'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, VOXX International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Oscar Bernardo

COO for KGI

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