Viomi Technology Correlations

VIOT Stock

USD 2.12 0.02 0.93%

The current 90-days correlation between Viomi Technology ADR and The Lovesac is -0.05 (i.e., Good diversification). The correlation of Viomi Technology 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.

Viomi Technology Correlation With Market

Good diversification

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

Build AI portfolio with Viomi Stock

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

Moving together with Viomi Stock

0.68	ATER	Aterian	Pair Corr
0.79	VEII	Value Exchange Inter	Pair Corr

Moving against Viomi Stock

0.73	RLMD	Relmada Therapeutics	Pair Corr
0.67	PUTKY	United Tractors Tbk	Pair Corr
0.63	TPRP	Tower Properties	Pair Corr
0.62	MU	Micron Technology	Pair Corr
0.62	VERA	Vera Therapeutics	Pair Corr
0.61	PTAIY	Astra International Tbk	Pair Corr
0.58	ACN	Accenture plc Earnings Call Today	Pair Corr
0.57	PHJMF	PT Hanjaya Mandala	Pair Corr
0.56	F	Ford Motor	Pair Corr
0.55	603355	Kingclean Electric	Pair Corr
0.55	FN	Fabrinet Downward Rally	Pair Corr
0.53	EC	Ecopetrol SA ADR	Pair Corr
0.52	AXP	American Express	Pair Corr
0.5	PKX	POSCO Holdings	Pair Corr
0.42	BSEG	Big Screen Entertainment	Pair Corr
0.78	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.74	MTSI	MACOM Technology Sol	Pair Corr
0.71	BKHAU	Black Hawk Acquisition	Pair Corr
0.71	FDX	FedEx Earnings Call Today	Pair Corr
0.7	CUAEF	China Shenhua Energy	Pair Corr
0.66	COO	Cooper Companies,	Pair Corr
0.64	RDNW	RideNow Group, Symbol Change	Pair Corr
0.61	CBOE	Cboe Global Markets Low Volatility	Pair Corr
0.61	FEMY	Femasys	Pair Corr

Related Correlations Analysis

	LOVE	FLXS	HBB	RCKY	GHG	INSE	RICK	DENN	KEQU	LOGC
LOVE		0.67	-0.19	-0.12	0.7	0.69	0.81	-0.48	0.65	0.67	LOVE
FLXS	0.67		0.28	0.16	0.14	0.81	0.73	0.01	0.07	0.66	FLXS
HBB	-0.19	0.28		0.36	-0.68	0.22	0.0	0.41	-0.5	0.22	HBB
RCKY	-0.12	0.16	0.36		-0.24	0.3	-0.13	0.61	-0.46	-0.04	RCKY
GHG	0.7	0.14	-0.68	-0.24		0.26	0.49	-0.55	0.73	0.21	GHG
INSE	0.69	0.81	0.22	0.3	0.26		0.68	0.07	0.15	0.71	INSE
RICK	0.81	0.73	0.0	-0.13	0.49	0.68		-0.37	0.56	0.74	RICK
DENN	-0.48	0.01	0.41	0.61	-0.55	0.07	-0.37		-0.71	-0.31	DENN
KEQU	0.65	0.07	-0.5	-0.46	0.73	0.15	0.56	-0.71		0.33	KEQU
LOGC	0.67	0.66	0.22	-0.04	0.21	0.71	0.74	-0.31	0.33		LOGC
	LOVE	FLXS	HBB	RCKY	GHG	INSE	RICK	DENN	KEQU	LOGC

Please upgrade your account to get full access to Macroaxis premium features

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

RICK	+ 0.81	LOVE
INSE	+ 0.81	FLXS
LOGC	+ 0.74	RICK
RICK	+ 0.73	FLXS
KEQU	+ 0.73	GHG
LOGC	+ 0.71	INSE

High negative correlations

KEQU	- 0.71	DENN
GHG	- 0.68	HBB
DENN	- 0.55	GHG
KEQU	- 0.5	HBB
DENN	- 0.48	LOVE
KEQU	- 0.46	RCKY

Risk-Adjusted Indicators

There is a big difference between Viomi Stock performing well and Viomi Technology 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 Viomi Technology'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
LOVE	2.27	(0.45)	0.00	(0.23)	0.00	0.00	3.62	(5.35)	18.70
FLXS	2.00	(0.26)	0.00	(0.13)	0.00	0.00	4.63	(4.91)	17.05
HBB	2.05	0.15	0.08	0.15	2.09	(2.49)	5.68	(3.56)	13.45
RCKY	1.43	0.02	0.02	0.08	1.83	(1.52)	3.17	(3.23)	6.51
GHG	1.69	(0.28)	0.00	(0.37)	0.00	0.00	3.14	(4.43)	9.06
INSE	2.27	(0.17)	0.00	(0.02)	0.00	0.00	3.97	(4.76)	18.56
RICK	2.94	(0.29)	0.00	(0.10)	0.00	0.00	8.81	(5.83)	17.38
DENN	2.56	0.53	0.12	(4.44)	2.72	(3.42)	3.56	(6.94)	51.18
KEQU	1.55	(0.23)	0.00	(0.28)	0.00	0.00	3.39	(2.95)	10.41
LOGC	1.38	(0.07)	0.00	(0.27)	0.00	0.00	4.12	(3.16)	9.27

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC