Virgin Group Correlations

GROV Stock

USD 1.36 0.03 2.16%

The current 90-days correlation between Virgin Group Acquisition and Mannatech Incorporated is 0.22 (i.e., Modest diversification). The correlation of Virgin Group 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.

Virgin Group Correlation With Market

Average diversification

The correlation between Virgin Group Acquisition and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virgin Group Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Virgin Group Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Related Correlations Analysis

	MTEX	EPC	IPAR	NUS	HELE	EWCZ	SPB
MTEX		-0.35	0.1	-0.36	0.34	0.06	-0.15	MTEX
EPC	-0.35		0.0	0.84	-0.77	-0.01	0.48	EPC
IPAR	0.1	0.0		0.13	0.33	-0.08	0.25	IPAR
NUS	-0.36	0.84	0.13		-0.7	-0.29	0.39	NUS
HELE	0.34	-0.77	0.33	-0.7		-0.03	-0.35	HELE
EWCZ	0.06	-0.01	-0.08	-0.29	-0.03		0.34	EWCZ
SPB	-0.15	0.48	0.25	0.39	-0.35	0.34		SPB
	MTEX	EPC	IPAR	NUS	HELE	EWCZ	SPB

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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

NUS	+ 0.84	EPC
SPB	+ 0.48	EPC
SPB	+ 0.39	NUS
HELE	+ 0.34	MTEX
SPB	+ 0.34	EWCZ
HELE	+ 0.33	IPAR

High negative correlations

HELE	- 0.77	EPC
HELE	- 0.7	NUS
NUS	- 0.36	MTEX
SPB	- 0.35	HELE
EPC	- 0.35	MTEX
EWCZ	- 0.29	NUS

Risk-Adjusted Indicators

There is a big difference between Virgin Stock performing well and Virgin Group 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 Virgin Group'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
MTEX	2.16	0.04	0.00	0.17	2.64	(3.09)	5.52	(5.87)	16.06
EPC	1.11	(0.24)	0.00	(0.14)	0.00	0.00	2.17	(2.72)	6.00
IPAR	1.38	0.02	0.02	0.14	1.94	(1.28)	2.61	(3.01)	8.04
NUS	2.57	(0.41)	0.00	(1.08)	0.00	0.00	4.57	(5.89)	15.79
HELE	1.76	0.38	0.21	0.60	1.38	(2.16)	3.72	(2.54)	22.13
EWCZ	2.63	(0.09)	0.00	0.06	5.09	(2.52)	6.89	(4.61)	31.55
SPB	1.05	(0.05)	(0.07)	0.01	1.56	(1.03)	1.87	(2.23)	8.89

Virgin Group Corporate Management

Stuart Landesberg	President, CoFounder	Profile
Janae Crescenzo	Chief Officer	Profile
Sergio Cervantes	Chief Officer	Profile
Jeff Yurcisin	Chief Officer	Profile
Jennie Perry	Chief Officer	Profile
Jonathan Silverman	Senior Goods	Profile

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