Viad Corp Correlations

VVI Stock

USD 44.95 0.23 0.51%

The current 90-days correlation between Viad Corp and Cass Information Systems is 0.34 (i.e., Weak diversification). The correlation of Viad 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.

Viad Corp Correlation With Market

Weak diversification

The correlation between Viad Corp and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viad Corp 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 Viad Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Viad Stock please use our How to Invest in Viad Corp guide.

Moving together with Viad Stock

0.71	BV	BrightView Holdings	Pair Corr
0.87	LZ	LegalZoom	Pair Corr
0.76	NL	NL Industries	Pair Corr
0.85	WM	Waste Management	Pair Corr
0.73	VRSK	Verisk Analytics	Pair Corr
0.92	VSEC	VSE Corporation	Pair Corr
0.75	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.83	AXR	AMREP Earnings Call This Week	Pair Corr
0.69	BTM	Bitcoin Depot	Pair Corr
0.87	CXW	CoreCivic	Pair Corr
0.88	INOD	Innodata	Pair Corr
0.72	SABR	Sabre Corpo	Pair Corr
0.8	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.76	B	Barnes Group	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr
0.88	R	Ryder System	Pair Corr
0.83	AL	Air Lease	Pair Corr

Moving against Viad Stock

0.85	VCIG	VCI Global Limited Trending	Pair Corr
0.79	BCO	Brinks Company	Pair Corr
0.79	SMX	SMX Public Limited	Pair Corr
0.72	WHLM	Wilhelmina	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.66	ATIF	ATIF Holdings	Pair Corr
0.65	DLHC	DLH Holdings Corp Earnings Call Tomorrow	Pair Corr
0.65	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.64	OMEX	Odyssey Marine Explo	Pair Corr
0.61	MMS	Maximus	Pair Corr
0.57	VLTO	Veralto	Pair Corr
0.55	FC	Franklin Covey	Pair Corr
0.54	EXPO	Exponent	Pair Corr
0.44	FA	First Advantage Corp	Pair Corr
0.86	CP	Canadian Pacific Railway	Pair Corr
0.75	CVEO	Civeo Corp	Pair Corr
0.66	CDTG	CDT Environmental	Pair Corr
0.59	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	GP	GreenPower Motor	Pair Corr
0.48	HY	Hyster Yale Materials	Pair Corr
0.34	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	CASS	TLPFF	NTIP	BV	ARMK	CVEO	ABM	ADMQ	MMS	PFMT
CASS		-0.48	-0.36	0.7	0.47	-0.68	0.78	-0.34	-0.53	-0.46	CASS
TLPFF	-0.48		0.44	-0.34	-0.53	0.7	-0.47	0.22	0.69	0.76	TLPFF
NTIP	-0.36	0.44		-0.66	-0.41	0.47	-0.47	0.36	0.2	0.15	NTIP
BV	0.7	-0.34	-0.66		0.53	-0.47	0.76	-0.36	-0.16	-0.17	BV
ARMK	0.47	-0.53	-0.41	0.53		-0.57	0.42	-0.27	-0.62	-0.29	ARMK
CVEO	-0.68	0.7	0.47	-0.47	-0.57		-0.58	0.46	0.79	0.65	CVEO
ABM	0.78	-0.47	-0.47	0.76	0.42	-0.58		-0.19	-0.42	-0.54	ABM
ADMQ	-0.34	0.22	0.36	-0.36	-0.27	0.46	-0.19		0.33	0.1	ADMQ
MMS	-0.53	0.69	0.2	-0.16	-0.62	0.79	-0.42	0.33		0.63	MMS
PFMT	-0.46	0.76	0.15	-0.17	-0.29	0.65	-0.54	0.1	0.63		PFMT
	CASS	TLPFF	NTIP	BV	ARMK	CVEO	ABM	ADMQ	MMS	PFMT

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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

MMS	+ 0.79	CVEO
ABM	+ 0.78	CASS
PFMT	+ 0.76	TLPFF
ABM	+ 0.76	BV
BV	+ 0.7	CASS
CVEO	+ 0.7	TLPFF

High negative correlations

CVEO	- 0.68	CASS
BV	- 0.66	NTIP
MMS	- 0.62	ARMK
ABM	- 0.58	CVEO
CVEO	- 0.57	ARMK
PFMT	- 0.54	ABM

Risk-Adjusted Indicators

There is a big difference between Viad Stock performing well and Viad 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 Viad 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
CASS	1.26	(0.08)	(0.02)	0.06	1.59	(1.39)	2.92	(2.97)	9.44
TLPFF	1.48	(0.34)	0.00	(0.62)	0.00	0.00	2.65	(4.02)	19.74
NTIP	1.95	(0.18)	0.00	(0.65)	0.00	0.00	3.88	(4.37)	32.25
BV	1.60	(0.06)	0.02	0.09	2.70	(1.77)	3.55	(2.88)	19.91
ARMK	1.25	0.03	0.04	0.14	1.47	(1.33)	2.93	(2.98)	7.21
CVEO	1.36	(0.39)	0.00	(0.26)	0.00	0.00	2.13	(3.21)	11.82
ABM	1.26	(0.09)	(0.03)	0.04	1.91	(1.25)	2.67	(2.11)	10.24
ADMQ	5.38	0.30	0.03	0.39	7.24	(8.14)	17.28	(18.63)	45.37
MMS	1.12	(0.39)	0.00	(0.55)	0.00	0.00	1.91	(2.50)	10.19
PFMT	2.12	(0.28)	0.00	(0.08)	0.00	0.00	3.98	(4.43)	21.95

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