Virco Manufacturing Correlations

VIRC Stock

USD 8.81 0.01 0.11%

The current 90-days correlation between Virco Manufacturing and Bassett Furniture Industries is -0.08 (i.e., Good diversification). The correlation of Virco Manufacturing 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.

Virco Manufacturing Correlation With Market

Good diversification

The correlation between Virco Manufacturing and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virco Manufacturing and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Virco Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.

Moving together with Virco Stock

0.81	SN	SharkNinja, Earnings Call This Week	Pair Corr
0.79	LZB	La Z Boy	Pair Corr
0.83	MBC	MasterBrand Earnings Call Tomorrow	Pair Corr
0.66	MHK	Mohawk Industries	Pair Corr
0.63	SGI	Somnigroup International Symbol Change	Pair Corr
0.72	WHR	Whirlpool	Pair Corr
0.85	IRBT	iRobot Earnings Call Tomorrow	Pair Corr
0.87	KEQU	Kewaunee Scientific	Pair Corr
0.66	LOVE	Lovesac	Pair Corr
0.76	MLKN	MillerKnoll	Pair Corr
0.82	PATK	Patrick Industries	Pair Corr
0.79	PRPL	Purple Innovation Earnings Call Tomorrow	Pair Corr
0.84	AMWD	American Woodmark	Pair Corr
0.82	SNBR	Sleep Number Corp	Pair Corr
0.84	COOK	Traeger	Pair Corr
0.73	CRWS	Crown Crafts	Pair Corr
0.81	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.73	M	Macys Inc Earnings Call This Week	Pair Corr
0.79	W	Wayfair	Pair Corr
0.83	DIBS	1StdibsCom Earnings Call This Week	Pair Corr
0.75	AN	AutoNation	Pair Corr
0.66	AS	Amer Sports,	Pair Corr
0.76	BC	Brunswick	Pair Corr
0.78	BQ	Boqii Holding Limited	Pair Corr
0.67	EM	Smart Share Global	Pair Corr
0.78	FL	Foot Locker	Pair Corr
0.82	GP	GreenPower Motor	Pair Corr

Moving against Virco Stock

0.61	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.48	NVFY	Nova Lifestyle I	Pair Corr
0.47	GT	Goodyear Tire Rubber Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BSET	KBAL	HOFT	NTZ	FLXS	HBB	LZB	MBC	ETD
BSET		0.0	-0.69	-0.69	-0.78	0.28	-0.56	-0.74	-0.4	BSET
KBAL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	KBAL
HOFT	-0.69	0.0		0.81	0.84	-0.11	0.74	0.77	0.62	HOFT
NTZ	-0.69	0.0	0.81		0.69	0.05	0.59	0.66	0.54	NTZ
FLXS	-0.78	0.0	0.84	0.69		-0.45	0.85	0.88	0.74	FLXS
HBB	0.28	0.0	-0.11	0.05	-0.45		-0.52	-0.45	-0.41	HBB
LZB	-0.56	0.0	0.74	0.59	0.85	-0.52		0.85	0.78	LZB
MBC	-0.74	0.0	0.77	0.66	0.88	-0.45	0.85		0.68	MBC
ETD	-0.4	0.0	0.62	0.54	0.74	-0.41	0.78	0.68		ETD
	BSET	KBAL	HOFT	NTZ	FLXS	HBB	LZB	MBC	ETD

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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

MBC	+ 0.88	FLXS
LZB	+ 0.85	FLXS
MBC	+ 0.85	LZB
FLXS	+ 0.84	HOFT
NTZ	+ 0.81	HOFT
ETD	+ 0.78	LZB

High negative correlations

FLXS	- 0.78	BSET
MBC	- 0.74	BSET
NTZ	- 0.69	BSET
HOFT	- 0.69	BSET
LZB	- 0.56	BSET
LZB	- 0.52	HBB

Risk-Adjusted Indicators

There is a big difference between Virco Stock performing well and Virco Manufacturing 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 Virco Manufacturing'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
BSET	1.96	0.53	0.21	0.86	2.29	(2.20)	4.39	(4.03)	17.77
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HOFT	2.32	(0.32)	0.00	(0.78)	0.00	0.00	3.85	(4.37)	20.15
NTZ	2.75	(0.10)	0.00	(0.19)	0.00	0.00	5.26	(8.99)	23.35
FLXS	3.11	(0.38)	0.00	(0.49)	0.00	0.00	4.69	(5.54)	40.32
HBB	2.87	(0.10)	0.00	(0.24)	0.00	0.00	5.34	(5.29)	35.66
LZB	1.80	(0.13)	0.00	0.66	0.00	0.00	3.58	(3.84)	12.70
MBC	2.30	(0.47)	0.00	2.41	0.00	0.00	3.40	(5.72)	14.69
ETD	1.68	0.18	0.10	0.11	2.05	(1.95)	3.38	(2.71)	19.02

Virco Manufacturing Corporate Management

Bassey Yau	Principal Accounting Officer, VP of Accounting, Corporate Controller, Assistant Secretary and Assistant Treasurer	Profile
Patricia Quinones	VP of Logistics Marketing Services and Information Technology	Profile
Robert Dose	Principal Financial Officer, VP of Fin., Treasurer and Secretary	Profile
Robert Hupe	General Counsel	Profile
James II	VP Officer	Profile

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