Vuzix Corp Correlations

VUZI Stock

USD 2.50 0.04 1.63%

The current 90-days correlation between Vuzix Corp Cmn and Dogness International Corp is 0.11 (i.e., Average 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

Weak diversification

The correlation between Vuzix Corp Cmn and DJI is 0.32 (i.e., Weak 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.

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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

0.66	FOSL	Fossil Group	Pair Corr
0.8	UAA	Under Armour A	Pair Corr
0.74	GPRO	GoPro Inc	Pair Corr
0.69	SONY	Sony Group Corp	Pair Corr
0.72	SONO	Sonos Inc	Pair Corr
0.84	FL	Foot Locker	Pair Corr
0.76	BKE	Buckle Inc	Pair Corr
0.68	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.83	GRPN	Groupon	Pair Corr
0.62	SCVL	Shoe Carnival	Pair Corr
0.86	URBN	Urban Outfitters	Pair Corr
0.7	NVDA	NVIDIA Aggressive Push	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.77	AMZN	Amazon Inc	Pair Corr
0.71	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.82	META	Meta Platforms	Pair Corr
0.77	AVGO	Broadcom Aggressive Push	Pair Corr
0.67	LTRY	Lottery, Common Stock	Pair Corr
0.76	BAC	Bank of America	Pair Corr

Moving against Vuzix Stock

0.39	AEO	American Eagle Outfitters	Pair Corr
0.33	PLCE	Childrens Place	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.48	FVR	FrontView REIT,	Pair Corr

Related Correlations Analysis

	AS	BC	RL	UA	DOGZ	DOOO	VEEE	VMAR	VNCE
AS		0.89	0.94	0.92	0.21	0.83	-0.29	0.35	-0.67	AS
BC	0.89		0.85	0.88	-0.03	0.93	-0.26	0.24	-0.58	BC
RL	0.94	0.85		0.9	0.07	0.72	-0.16	0.22	-0.52	RL
UA	0.92	0.88	0.9		0.06	0.82	-0.33	0.28	-0.63	UA
DOGZ	0.21	-0.03	0.07	0.06		0.05	-0.12	0.67	-0.33	DOGZ
DOOO	0.83	0.93	0.72	0.82	0.05		-0.31	0.37	-0.67	DOOO
VEEE	-0.29	-0.26	-0.16	-0.33	-0.12	-0.31		-0.08	0.19	VEEE
VMAR	0.35	0.24	0.22	0.28	0.67	0.37	-0.08		-0.38	VMAR
VNCE	-0.67	-0.58	-0.52	-0.63	-0.33	-0.67	0.19	-0.38		VNCE
	AS	BC	RL	UA	DOGZ	DOOO	VEEE	VMAR	VNCE

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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

RL	+ 0.94	AS
DOOO	+ 0.93	BC
UA	+ 0.92	AS
UA	+ 0.9	RL
BC	+ 0.89	AS
UA	+ 0.88	BC

High negative correlations

VNCE	- 0.67	DOOO
VNCE	- 0.67	AS
VNCE	- 0.63	UA
VNCE	- 0.58	BC
VNCE	- 0.52	RL
VNCE	- 0.38	VMAR

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
AS	2.01	0.64	0.45	0.55	0.86	(2.54)	4.31	(2.33)	22.18
BC	1.90	0.25	0.18	0.28	1.62	(2.36)	4.80	(2.96)	14.46
RL	1.39	0.41	0.39	0.49	0.71	(1.95)	3.89	(1.81)	8.96
UA	2.03	0.48	0.13	(0.79)	1.82	(2.43)	3.85	(3.46)	15.92
DOGZ	4.79	(0.68)	0.00	(375.84)	0.00	0.00	7.79	(12.22)	62.04
DOOO	1.93	0.28	0.14	0.35	1.87	(2.19)	4.42	(2.95)	16.13
VEEE	7.53	1.00	0.12	0.39	8.78	(10.45)	7.94	(9.85)	245.98
VMAR	3.91	(0.27)	0.00	(0.04)	0.00	0.00	7.99	(7.77)	36.14
VNCE	3.97	(0.26)	(0.03)	0.00	5.03	(4.23)	11.02	(8.15)	26.97

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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