VOXX International Correlations

VOXX Stock

USD 7.74 1.08 16.22%

The correlation of VOXX International 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.

VOXX International Correlation With Market

Significant diversification

The correlation between VOXX International and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VOXX International and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with VOXX Stock

0.8	DOGZ	Dogness International	Pair Corr
0.65	MSN	Emerson Radio	Pair Corr
0.62	JAKK	JAKKS Pacific	Pair Corr
0.7	MYTE	MYT Netherlands Parent	Pair Corr
0.8	CHCI	Comstock Holding Com	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against VOXX Stock

0.76	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.6	JOUT	Johnson Outdoors Fiscal Year End 13th of December 2024	Pair Corr
0.57	VRA	Vera Bradley	Pair Corr
0.4	YETI	YETI Holdings	Pair Corr
0.75	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.74	EDTK	Skillful Craftsman	Pair Corr
0.61	AREB	American Rebel Holdings	Pair Corr
0.44	GV	Visionary Education	Pair Corr
0.41	RCKY	Rocky Brands	Pair Corr
0.82	AAP	Advance Auto Parts	Pair Corr
0.65	BGI	Birks Group	Pair Corr
0.51	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	LPL	VZIO	HEAR	MSN	UEIC	SSNLF	SONY	SONO	XIACY	GPRO
LPL		-0.12	-0.24	-0.13	-0.48	-0.64	0.26	-0.64	-0.77	-0.11	LPL
VZIO	-0.12		0.12	0.19	0.06	0.24	0.22	0.18	0.22	-0.13	VZIO
HEAR	-0.24	0.12		0.51	-0.08	0.59	-0.34	0.6	0.52	0.49	HEAR
MSN	-0.13	0.19	0.51		-0.3	0.56	-0.16	0.43	0.49	0.44	MSN
UEIC	-0.48	0.06	-0.08	-0.3		0.07	0.41	0.39	0.38	-0.04	UEIC
SSNLF	-0.64	0.24	0.59	0.56	0.07		-0.26	0.55	0.88	0.21	SSNLF
SONY	0.26	0.22	-0.34	-0.16	0.41	-0.26		-0.19	-0.18	-0.14	SONY
SONO	-0.64	0.18	0.6	0.43	0.39	0.55	-0.19		0.76	0.5	SONO
XIACY	-0.77	0.22	0.52	0.49	0.38	0.88	-0.18	0.76		0.27	XIACY
GPRO	-0.11	-0.13	0.49	0.44	-0.04	0.21	-0.14	0.5	0.27		GPRO
	LPL	VZIO	HEAR	MSN	UEIC	SSNLF	SONY	SONO	XIACY	GPRO

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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

XIACY	+ 0.88	SSNLF
XIACY	+ 0.76	SONO
SONO	+ 0.6	HEAR
SSNLF	+ 0.59	HEAR
SSNLF	+ 0.56	MSN
SONO	+ 0.55	SSNLF

High negative correlations

XIACY	- 0.77	LPL
SONO	- 0.64	LPL
SSNLF	- 0.64	LPL
UEIC	- 0.48	LPL
SONY	- 0.34	HEAR
UEIC	- 0.3	MSN

Risk-Adjusted Indicators

There is a big difference between VOXX Stock performing well and VOXX International 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 VOXX International'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
LPL	1.78	(0.32)	0.00	(0.30)	0.00	0.00	2.70	(3.74)	11.40
VZIO	0.36	0.01	(0.16)	0.20	0.38	(0.40)	0.90	(0.62)	2.14
HEAR	2.12	(0.13)	(0.03)	0.00	2.76	(2.19)	3.78	(4.23)	16.47
MSN	2.28	0.05	0.00	0.19	2.72	(4.27)	6.82	(5.66)	16.89
UEIC	2.77	0.49	0.15	0.91	2.57	(3.29)	6.35	(4.88)	34.44
SSNLF	0.02	0.00	0.00	(0.02)	0.00	0.00	0.00	0.00	0.67
SONY	1.29	0.03	0.00	0.12	1.62	(1.35)	2.76	(2.53)	12.94
SONO	2.01	0.09	0.05	0.16	2.26	(2.10)	3.79	(3.52)	10.40
XIACY	2.35	0.80	0.23	(1.02)	2.40	(2.77)	6.38	(3.48)	17.84
GPRO	2.96	(0.37)	0.00	(0.07)	0.00	0.00	5.65	(6.47)	26.69

VOXX International Corporate Executives

Elected by the shareholders, the VOXX International's board of directors comprises two types of representatives: VOXX International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VOXX. The board's role is to monitor VOXX International's management team and ensure that shareholders' interests are well served. VOXX International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, VOXX International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Oscar Bernardo

COO for KGI

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