Vuzix Corp Correlations

VUZI Stock

USD 2.30 0.06 2.54%

The current 90-days correlation between Vuzix Corp Cmn and Universal Electronics is 0.26 (i.e., Modest diversification). The correlation of Vuzix Corp 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.

Vuzix Corp Correlation With Market

Modest diversification

The correlation between Vuzix Corp Cmn and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vuzix Corp Cmn 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 Vuzix Corp Cmn. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vuzix Stock

0.73	CRI	Carters	Pair Corr
0.74	DTC	Solo Brands	Pair Corr
0.72	KTB	Kontoor Brands	Pair Corr
0.62	PVH	PVH Corp	Pair Corr
0.61	VRA	Vera Bradley	Pair Corr
0.67	WWW	Wolverine World Wide	Pair Corr
0.65	GIII	G III Apparel	Pair Corr
0.62	ONON	On Holding	Pair Corr
0.65	RCKY	Rocky Brands	Pair Corr
0.74	SHOO	Steven Madden	Pair Corr
0.71	SONO	Sonos Inc	Pair Corr

Moving against Vuzix Stock

0.52	HAS	Hasbro Inc	Pair Corr
0.31	VOXX	VOXX International	Pair Corr
0.31	CVCO	Cavco Industries	Pair Corr

Related Correlations Analysis

	LPL	UEIC	VOXX	SONO	SONY	GPRO	VZIO	HEAR	MICS	WLDSW
LPL		-0.22	0.0	-0.26	0.51	-0.32	0.0	0.0	0.0	0.08	LPL
UEIC	-0.22		-0.09	0.87	-0.76	0.92	0.0	0.0	0.0	-0.63	UEIC
VOXX	0.0	-0.09		-0.2	0.32	-0.1	0.0	0.0	0.0	0.17	VOXX
SONO	-0.26	0.87	-0.2		-0.74	0.88	0.0	0.0	0.0	-0.67	SONO
SONY	0.51	-0.76	0.32	-0.74		-0.82	0.0	0.0	0.0	0.51	SONY
GPRO	-0.32	0.92	-0.1	0.88	-0.82		0.0	0.0	0.0	-0.48	GPRO
VZIO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VZIO
HEAR	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HEAR
MICS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MICS
WLDSW	0.08	-0.63	0.17	-0.67	0.51	-0.48	0.0	0.0	0.0		WLDSW
	LPL	UEIC	VOXX	SONO	SONY	GPRO	VZIO	HEAR	MICS	WLDSW

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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

GPRO	+ 0.92	UEIC
GPRO	+ 0.88	SONO
SONO	+ 0.87	UEIC
SONY	+ 0.51	LPL
WLDSW	+ 0.51	SONY
SONY	+ 0.32	VOXX

High negative correlations

GPRO	- 0.82	SONY
SONY	- 0.76	UEIC
SONY	- 0.74	SONO
WLDSW	- 0.67	SONO
WLDSW	- 0.63	UEIC
WLDSW	- 0.48	GPRO

Risk-Adjusted Indicators

There is a big difference between Vuzix Stock performing well and Vuzix Corp 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 Vuzix Corp'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	1.57	0.07	0.04	0.02	2.14	(1.51)	2.75	(2.77)	10.87
UEIC	1.95	(0.71)	0.00	(0.59)	0.00	0.00	3.80	(4.51)	18.98
VOXX	0.40	(0.03)	0.00	(0.28)	0.00	0.00	0.55	(0.81)	10.49
SONO	1.78	(0.22)	0.00	(0.25)	0.00	0.00	4.86	(4.13)	14.04
SONY	1.43	0.24	0.13	0.18	1.63	(1.47)	3.22	(2.53)	10.94
GPRO	2.90	(0.46)	0.00	(0.32)	0.00	0.00	8.99	(6.76)	29.04
VZIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEAR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MICS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WLDSW	39.68	17.72	0.73	1.40	17.36	(58.30)	215.79	(31.67)	371.62

Vuzix Corp Corporate Management

Pano Spiliotis	Managing Unit	Profile
Pete Jameson	Chief Officer	Profile
Ed McGregor	Director Relations	Profile
Brad Craig	Head Activities	Profile
ShenFang Cheng	Senior Engineer	Profile
Peter Jameson	Chief Officer	Profile

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