Wolford Aktiengesellscha Correlations

WOF Stock

EUR 3.34 0.04 1.21%

The current 90-days correlation between Wolford Aktiengesellscha and HM HENMAUUNSPADR 15 is -0.17 (i.e., Good diversification). The correlation of Wolford Aktiengesellscha 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.

Wolford Aktiengesellscha Correlation With Market

Average diversification

The correlation between Wolford Aktiengesellschaft and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolford Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wolford Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wolford Aktiengesellscha when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wolford Aktiengesellscha - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wolford Aktiengesellschaft to buy it.

Moving against Wolford Stock

0.51	DBPD	Xtrackers ShortDAX	Pair Corr
0.37	HMSA	H+M HEN+MAUUNSPADR	Pair Corr
0.36	MOV	Moncler SpA Earnings Call Today	Pair Corr
0.33	HMSB	H M Hennes	Pair Corr

Related Correlations Analysis

	HMSA	HMSB	HMSB	MOV	VFP	PRL	3BD	MKO	VGA
HMSA		0.92	0.52	0.86	0.71	0.02	0.0	0.18	0.22	HMSA
HMSB	0.92		0.46	0.88	0.67	0.01	-0.03	0.16	0.23	HMSB
HMSB	0.52	0.46		0.41	0.39	0.25	0.19	0.33	0.17	HMSB
MOV	0.86	0.88	0.41		0.7	-0.05	-0.11	0.08	0.13	MOV
VFP	0.71	0.67	0.39	0.7		0.4	0.25	0.58	0.59	VFP
PRL	0.02	0.01	0.25	-0.05	0.4		0.61	0.91	0.86	PRL
3BD	0.0	-0.03	0.19	-0.11	0.25	0.61		0.5	0.45	3BD
MKO	0.18	0.16	0.33	0.08	0.58	0.91	0.5		0.9	MKO
VGA	0.22	0.23	0.17	0.13	0.59	0.86	0.45	0.9		VGA
	HMSA	HMSB	HMSB	MOV	VFP	PRL	3BD	MKO	VGA

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

HMSB	+ 0.92	HMSA
MKO	+ 0.91	PRL
VGA	+ 0.9	MKO
MOV	+ 0.88	HMSB
MOV	+ 0.86	HMSA
VGA	+ 0.86	PRL

High negative correlations

3BD	- 0.11	MOV
PRL	- 0.05	MOV
3BD	- 0.03	HMSB
3BD	- 0.0	HMSA

Risk-Adjusted Indicators

There is a big difference between Wolford Stock performing well and Wolford Aktiengesellscha 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 Wolford Aktiengesellscha'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
HMSA	1.46	0.15	(0.06)	(0.11)	1.44	(2.00)	3.72	(2.46)	11.24
HMSB	1.49	0.06	(0.06)	(0.84)	1.85	(1.60)	3.25	(2.71)	11.21
HMSB	1.93	0.28	0.00	(0.29)	4.02	(2.37)	2.93	(2.09)	33.73
MOV	1.19	(0.10)	0.00	(0.33)	0.00	0.00	1.87	(2.53)	10.32
VFP	3.07	0.52	0.04	(0.31)	3.45	(3.40)	6.53	(4.65)	24.66
PRL	1.50	0.59	0.21	(1.14)	1.12	(1.72)	3.81	(2.74)	10.03
3BD	2.31	0.13	0.02	0.39	2.42	(3.71)	6.38	(4.00)	17.05
MKO	2.03	0.51	0.15	(3.93)	1.74	(2.44)	4.97	(3.15)	13.91
VGA	1.51	0.44	0.11	(0.51)	1.17	(2.19)	4.78	(2.30)	11.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wolford Aktiengesellscha without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

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