West Fraser Correlations
| WFG Stock | USD 75.02 2.48 3.42% |
The current 90-days correlation between West Fraser Timber and Ufp Industries is 0.66 (i.e., Poor diversification). The correlation of West Fraser 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.
West Fraser Correlation With Market
Weak diversification
The correlation between West Fraser Timber and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West Fraser Timber and DJI in the same portfolio, assuming nothing else is changed.
Moving together with West Stock
| 0.72 | SSD | Simpson Manufacturing Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between West Stock performing well and West Fraser 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 West Fraser'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UFPI | 1.58 | (0.23) | 0.00 | (0.04) | 0.00 | 3.44 | 9.60 | |||
| SSD | 1.31 | (0.08) | (0.03) | 0.07 | 1.62 | 2.76 | 8.59 | |||
| IFSPF | 1.38 | (0.14) | 0.00 | (0.24) | 0.00 | 2.62 | 12.90 | |||
| CFPZF | 1.44 | 0.12 | 0.00 | 7.06 | 1.75 | 2.58 | 7.53 | |||
| BCC | 1.68 | (0.37) | 0.00 | (0.10) | 0.00 | 3.44 | 9.80 | |||
| LPX | 1.48 | 0.03 | (0.05) | (0.66) | 1.98 | 3.29 | 10.84 | |||
| WFG | 1.21 | (0.04) | 0.00 | (0.30) | 0.00 | 2.57 | 7.66 |
West Fraser Corporate Management
| Keith Carter | Vice President - Pulp and Energy Operations | Profile | |
| Alan Caputo | Vice President - Human Resources | Profile | |
| James Gorman | Vice President - Corporate and Government Relations | Profile | |
| Janice Rennie | Independent Director | Profile | |
| Alan McMeekin | Vice President European Engineered Wood Products | Profile | |
| Scott Stubbington | Vice President Sales Engineered Wood Products | Profile | |
| Charles Watkins | Vice President - Capital and Technology | Profile |