Microvision Correlations

MVIS Stock

USD 0.95 0.03 3.06%

The current 90-days correlation between Microvision and 3D Systems is 0.34 (i.e., Weak diversification). The correlation of Microvision 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.

Microvision Correlation With Market

Significant diversification

The correlation between Microvision and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microvision and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microvision Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microvision. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Microvision Stock please use our How to Invest in Microvision guide.

Moving together with Microvision Stock

0.71	301099	Shanghai Yct Electronics	Pair Corr
0.85	000938	Unisplendour Corp	Pair Corr
0.69	300333	Sinosun Tech	Pair Corr
0.93	EBON	Ebang International	Pair Corr
0.89	EHGO	Eshallgo Class A	Pair Corr
0.76	EVLV	Evolv Technologies	Pair Corr
0.66	CDW	CDW Corp	Pair Corr
0.61	300296	Leyard Optoelectronic	Pair Corr
0.9	LPL	LG Display	Pair Corr
0.67	VNT	Vontier Corp	Pair Corr
0.94	WBX	Wallbox NV	Pair Corr
0.81	GFAI	Guardforce AI	Pair Corr
0.82	301379	Techshine Electronics	Pair Corr

Moving against Microvision Stock

0.61	BHE	Benchmark Electronics	Pair Corr
0.52	FN	Fabrinet Tech Boost	Pair Corr
0.41	APH	Amphenol Tech Boost	Pair Corr
0.36	301123	YiDong Electronics	Pair Corr
0.68	CTS	CTS Corporation	Pair Corr
0.39	JBL	Jabil Circuit Tech Boost	Pair Corr
0.32	TTG	TT Electronics Plc	Pair Corr

Related Correlations Analysis

	LPTH	DDD	VERI	LSAK	FEIM	PDYN	MEI	RPAY	REKR	BZAI
LPTH		-0.03	-0.02	0.78	0.8	0.06	0.02	0.07	-0.36	-0.16	LPTH
DDD	-0.03		0.65	-0.04	-0.19	0.92	0.04	0.83	0.87	0.89	DDD
VERI	-0.02	0.65		0.14	-0.09	0.63	0.0	0.79	0.69	0.77	VERI
LSAK	0.78	-0.04	0.14		0.89	-0.09	-0.3	0.2	-0.25	-0.15	LSAK
FEIM	0.8	-0.19	-0.09	0.89		-0.21	-0.25	0.05	-0.46	-0.3	FEIM
PDYN	0.06	0.92	0.63	-0.09	-0.21		0.11	0.79	0.77	0.91	PDYN
MEI	0.02	0.04	0.0	-0.3	-0.25	0.11		-0.07	-0.05	0.03	MEI
RPAY	0.07	0.83	0.79	0.2	0.05	0.79	-0.07		0.73	0.85	RPAY
REKR	-0.36	0.87	0.69	-0.25	-0.46	0.77	-0.05	0.73		0.85	REKR
BZAI	-0.16	0.89	0.77	-0.15	-0.3	0.91	0.03	0.85	0.85		BZAI
	LPTH	DDD	VERI	LSAK	FEIM	PDYN	MEI	RPAY	REKR	BZAI

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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

PDYN	+ 0.92	DDD
BZAI	+ 0.91	PDYN
BZAI	+ 0.89	DDD
FEIM	+ 0.89	LSAK
REKR	+ 0.87	DDD
BZAI	+ 0.85	RPAY

High negative correlations

REKR	- 0.46	FEIM
REKR	- 0.36	LPTH
BZAI	- 0.3	FEIM
MEI	- 0.3	LSAK
MEI	- 0.25	FEIM
REKR	- 0.25	LSAK

Risk-Adjusted Indicators

There is a big difference between Microvision Stock performing well and Microvision 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 Microvision'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
LPTH	4.96	0.45	0.11	0.22	5.83	(5.31)	13.46	(9.63)	36.78
DDD	4.43	(0.06)	0.00	0.80	0.00	0.00	11.30	(10.58)	38.44
VERI	5.34	(0.26)	0.00	0.02	6.60	(5.97)	9.64	(8.79)	76.19
LSAK	1.94	0.21	0.04	(1.69)	2.21	(2.35)	4.74	(4.06)	11.28
FEIM	3.73	0.67	0.18	0.65	3.38	(4.31)	8.80	(5.57)	34.92
PDYN	4.29	(0.73)	0.00	(0.08)	0.00	0.00	10.80	(8.27)	24.47
MEI	2.28	(0.06)	0.00	0.06	3.55	(2.15)	4.72	(4.13)	18.17
RPAY	2.71	(0.52)	0.00	(0.22)	0.00	0.00	4.76	(7.59)	22.07
REKR	3.93	(0.42)	0.00	(0.13)	0.00	0.00	7.82	(7.97)	32.89
BZAI	4.40	(1.27)	0.00	(0.60)	0.00	0.00	6.40	(10.00)	42.88

Microvision Corporate Management

Drew Markham	Secretary Operations	Profile
James Johnston	Controller	Profile
Stephen Hrynewich	Vice Operations	Profile
Anubhav Verma	Senior Treasurer	Profile

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