Wex Correlations

Wex Correlation With Market

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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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    SPSC + 0.7 GDDY PEGA + 0.65 BAND FICO + 0.64 GDDY BAND + 0.63 RPAY PEGA + 0.51 RPAY FICO + 0.44 GMED

High negative correlations    FICO - 0.71 RPAY PEGA - 0.67 GMED BAND - 0.61 GMED GMED - 0.56 RPAY FICO - 0.47 BAND RPAY - 0.47 GDDY

Risk-Adjusted Indicators

There is a big difference between Wex Stock performing well and Wex 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 Wex'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.