Wolters Kluwer Correlations

WOLTF Stock

USD 161.28 2.73 1.72%

The correlation of Wolters Kluwer 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.

Wolters Kluwer Correlation With Market

Modest diversification

The correlation between Wolters Kluwer NV and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolters Kluwer NV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wolters Kluwer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wolters Kluwer 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 Wolters Kluwer - 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 Wolters Kluwer NV to buy it.

Moving together with Wolters Pink Sheet

0.86	WTKWY	Wolters Kluwer NV	Pair Corr
0.78	SDXAY	Sodexo PK	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr

Moving against Wolters Pink Sheet

0.65	LNDNF	Lundin Energy AB	Pair Corr
0.57	INBX	Inhibrx Biosciences,	Pair Corr
0.53	FVR	FrontView REIT,	Pair Corr
0.44	GITS	Global Interactive Symbol Change	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.6	CVX	Chevron Corp	Pair Corr
0.45	INTC	Intel Earnings Call This Week	Pair Corr
0.39	JNJ	Johnson Johnson	Pair Corr
0.38	CAT	Caterpillar	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.37	IBM	International Business Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TRI	CTAS	WTKWY	WOLTF	RBA	GPN	TLPFF	TLPFY	RKLIF	SDXAY
TRI		0.62	-0.4	-0.29	0.83	0.24	-0.19	0.01	0.41	-0.26	TRI
CTAS	0.62		0.19	0.34	0.75	0.13	-0.04	0.15	0.22	0.35	CTAS
WTKWY	-0.4	0.19		0.86	-0.1	-0.28	0.37	0.3	-0.35	0.81	WTKWY
WOLTF	-0.29	0.34	0.86		0.03	-0.26	0.31	0.3	-0.24	0.78	WOLTF
RBA	0.83	0.75	-0.1	0.03		0.4	-0.08	0.2	0.15	-0.09	RBA
GPN	0.24	0.13	-0.28	-0.26	0.4		-0.16	0.12	-0.05	-0.33	GPN
TLPFF	-0.19	-0.04	0.37	0.31	-0.08	-0.16		0.82	-0.43	0.46	TLPFF
TLPFY	0.01	0.15	0.3	0.3	0.2	0.12	0.82		-0.41	0.38	TLPFY
RKLIF	0.41	0.22	-0.35	-0.24	0.15	-0.05	-0.43	-0.41		-0.06	RKLIF
SDXAY	-0.26	0.35	0.81	0.78	-0.09	-0.33	0.46	0.38	-0.06		SDXAY
	TRI	CTAS	WTKWY	WOLTF	RBA	GPN	TLPFF	TLPFY	RKLIF	SDXAY

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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

WOLTF	+ 0.86	WTKWY
RBA	+ 0.83	TRI
TLPFY	+ 0.82	TLPFF
SDXAY	+ 0.81	WTKWY
SDXAY	+ 0.78	WOLTF
RBA	+ 0.75	CTAS

High negative correlations

RKLIF	- 0.43	TLPFF
RKLIF	- 0.41	TLPFY
WTKWY	- 0.4	TRI
RKLIF	- 0.35	WTKWY
SDXAY	- 0.33	GPN
WOLTF	- 0.29	TRI

Risk-Adjusted Indicators

There is a big difference between Wolters Pink Sheet performing well and Wolters Kluwer 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 Wolters Kluwer'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
TRI	0.87	0.24	0.16	1.28	0.52	(1.07)	1.62	(1.33)	9.33
CTAS	0.84	(0.01)	(0.04)	0.11	1.08	(0.88)	1.72	(1.69)	6.57
WTKWY	0.99	(0.03)	0.00	0.42	0.00	0.00	1.96	(2.38)	8.10
WOLTF	2.49	(0.11)	(0.04)	(0.01)	3.21	(2.66)	5.00	(5.04)	15.84
RBA	0.83	0.12	0.04	0.42	0.95	(0.89)	1.75	(1.68)	4.84
GPN	1.73	(0.27)	0.00	(0.01)	0.00	0.00	3.28	(2.98)	17.85
TLPFF	2.07	0.00	(0.01)	0.13	3.43	(3.50)	4.42	(7.94)	19.15
TLPFY	1.84	0.01	(0.02)	0.15	3.54	(1.67)	2.94	(3.26)	16.82
RKLIF	1.33	0.11	(0.01)	(0.19)	2.30	(8.88)	7.67	(4.90)	23.79
SDXAY	0.95	(0.11)	0.00	(0.30)	0.00	0.00	1.93	(2.30)	7.15

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Our tools can tell you how much better you can do entering a position in Wolters Kluwer 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.

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