Viomi Technology Correlations
| VIOT Stock | USD 3.30 0.04 1.20% |
The current 90-days correlation between Viomi Technology ADR and Virco Manufacturing is -0.07 (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 -0.04 (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.
Moving together with Viomi Stock
| 0.66 | SN | SharkNinja, | PairCorr |
| 0.62 | EFOI | Energy Focu | PairCorr |
| 0.64 | FLXS | Flexsteel Industries | PairCorr |
| 0.86 | NVFY | Nova Lifestyle I | PairCorr |
| 0.65 | F | Ford Motor Earnings Call This Week | PairCorr |
| 0.68 | BQ | Boqii Holding Limited | PairCorr |
| 0.66 | GM | General Motors Earnings Call Tomorrow | PairCorr |
| 0.71 | LE | Lands End | PairCorr |
| 0.91 | QS | Quantumscape Corp Earnings Call This Week | PairCorr |
| 0.78 | VC | Visteon Corp Earnings Call This Week | PairCorr |
| 0.65 | DKNG | DraftKings | PairCorr |
Moving against Viomi Stock
| 0.38 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.37 | MWYN | Marwynn Holdings, Common | PairCorr |
| 0.62 | DOGZ | Dogness International | PairCorr |
| 0.54 | TM | Toyota Motor | PairCorr |
| 0.42 | VMAR | Vision Marine Techno | PairCorr |
| 0.32 | ECDA | ECD Automotive Design | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIRC | 2.05 | (0.41) | 0.00 | (0.25) | 0.00 | 3.18 | 12.76 | |||
| HBB | 2.67 | (0.21) | 0.00 | 0.05 | 4.84 | 4.70 | 32.31 | |||
| CRWS | 1.61 | (0.02) | (0.01) | 0.11 | 2.47 | 3.14 | 16.51 | |||
| EFOI | 4.20 | 0.39 | 0.08 | 0.65 | 3.89 | 9.52 | 43.10 | |||
| YI | 2.15 | (0.04) | (0.03) | 0.05 | 2.99 | 3.90 | 17.70 | |||
| XYF | 3.42 | 0.81 | 0.21 | 1.32 | 2.95 | 6.82 | 25.45 | |||
| YJ | 4.06 | 0.56 | 0.05 | (0.49) | 5.53 | 7.78 | 32.70 | |||
| KRKR | 2.26 | 0.34 | 0.10 | 0.39 | 2.78 | 6.30 | 25.77 | |||
| JG | 3.12 | 0.59 | 0.18 | 0.72 | 2.86 | 6.51 | 17.97 |