Virco Manufacturing Correlations

VIRC Stock

USD 6.29 0.06 0.96%

The current 90-days correlation between Virco Manufacturing and Kewaunee Scientific is -0.21 (i.e., Very 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

Very good diversification

The correlation between Virco Manufacturing and DJI is -0.46 (i.e., Very 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.

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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 signals in real.

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

Moving against Virco Stock

0.66	GDI	GDI Integrated	Pair Corr
0.64	ACU	Acme United	Pair Corr
0.62	CIX	CompX International	Pair Corr
0.55	INPST	Inpost SA	Pair Corr
0.51	EBF	Ennis Inc	Pair Corr
0.5	BCO	Brinks Company	Pair Corr
0.5	BRC	Brady Earnings Call This Week	Pair Corr
0.49	DXT	Dexterra Group	Pair Corr
0.47	CXW	CoreCivic	Pair Corr
0.46	DLX	Deluxe	Pair Corr
0.45	DRVN	Driven Brands Holdings Earnings Call This Week	Pair Corr
0.43	VSEC	VSE Corporation	Pair Corr
0.39	NL	NL Industries	Pair Corr
0.61	UNF	Unifirst	Pair Corr
0.58	RTO1	Rentokil Initial plc	Pair Corr
0.56	PBI	Pitney Bowes Earnings Call This Week	Pair Corr
0.55	GQN2	GDI INTEGR FAC	Pair Corr
0.52	RBA	RB Global Earnings Call This Week	Pair Corr
0.49	6690	INPOST SA UNSPADR12	Pair Corr
0.49	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.49	77Q	KNIGHTS GROUP HOL	Pair Corr
0.49	RWJ1	RWS HOLDINGS PLC	Pair Corr
0.49	B24	BELLSYSTEM24 HLDGS	Pair Corr
0.47	MSA	MSA Safety	Pair Corr
0.41	HCSG	Healthcare Services Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KEQU	SNBR	COOK	BSET	HOFT	IRBT	PRPL	FOSL	CJET	FLXS
KEQU		-0.07	-0.12	-0.56	0.17	0.12	-0.27	-0.45	0.5	0.12	KEQU
SNBR	-0.07		0.61	0.5	0.79	-0.43	-0.13	0.76	-0.71	0.59	SNBR
COOK	-0.12	0.61		0.58	0.21	-0.11	0.03	0.46	-0.33	-0.03	COOK
BSET	-0.56	0.5	0.58		0.09	-0.28	0.26	0.71	-0.6	0.27	BSET
HOFT	0.17	0.79	0.21	0.09		-0.51	-0.46	0.44	-0.56	0.76	HOFT
IRBT	0.12	-0.43	-0.11	-0.28	-0.51		0.35	-0.34	0.41	-0.54	IRBT
PRPL	-0.27	-0.13	0.03	0.26	-0.46	0.35		0.2	0.07	-0.16	PRPL
FOSL	-0.45	0.76	0.46	0.71	0.44	-0.34	0.2		-0.78	0.49	FOSL
CJET	0.5	-0.71	-0.33	-0.6	-0.56	0.41	0.07	-0.78		-0.49	CJET
FLXS	0.12	0.59	-0.03	0.27	0.76	-0.54	-0.16	0.49	-0.49		FLXS
	KEQU	SNBR	COOK	BSET	HOFT	IRBT	PRPL	FOSL	CJET	FLXS

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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

HOFT	+ 0.79	SNBR
FOSL	+ 0.76	SNBR
FLXS	+ 0.76	HOFT
FOSL	+ 0.71	BSET
COOK	+ 0.61	SNBR
FLXS	+ 0.59	SNBR

High negative correlations

CJET	- 0.78	FOSL
CJET	- 0.71	SNBR
CJET	- 0.6	BSET
CJET	- 0.56	HOFT
BSET	- 0.56	KEQU
FLXS	- 0.54	IRBT

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
KEQU	1.45	(0.06)	0.00	(0.35)	0.00	0.00	3.15	(2.95)	10.57
SNBR	4.61	1.30	0.28	2.51	3.78	(5.60)	13.66	(7.11)	26.77
COOK	4.58	0.04	0.02	0.08	5.07	(5.98)	10.39	(9.80)	40.15
BSET	1.51	0.12	0.06	0.28	1.53	(1.83)	3.63	(2.86)	9.60
HOFT	2.22	0.78	0.22	(1.19)	2.38	(2.51)	6.12	(3.41)	16.13
IRBT	11.51	(1.99)	0.00	0.71	0.00	0.00	21.78	(33.87)	146.53
PRPL	2.64	(0.16)	0.00	(0.09)	0.00	0.00	6.25	(5.06)	16.94
FOSL	4.39	0.98	0.23	0.51	4.24	(5.51)	9.65	(9.05)	26.80
CJET	7.72	(4.61)	0.00	2.38	0.00	0.00	9.23	(22.15)	60.91
FLXS	2.26	0.67	0.39	0.34	1.40	(2.78)	5.37	(3.04)	26.26

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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