WPP PLC Correlations
| WPP Stock | USD 27.87 0.04 0.14% |
The current 90-days correlation between WPP PLC ADR and Omnicom Group is -0.15 (i.e., Good diversification). The correlation of WPP PLC 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.
WPP PLC Correlation With Market
Good diversification
The correlation between WPP PLC ADR and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WPP PLC ADR and DJI in the same portfolio, assuming nothing else is changed.
Moving together with WPP Stock
Moving against WPP Stock
| 0.69 | TSQ | Townsquare Media | PairCorr |
| 0.6 | EVC | Entravision Communications | PairCorr |
| 0.52 | MDIA | Mediaco Holding | PairCorr |
| 0.51 | QMMM | QMMM Holdings Limited Buyout Trend | PairCorr |
| 0.5 | SCHL | Scholastic Earnings Call This Week | PairCorr |
| 0.49 | VSME | VS Media Holdings | PairCorr |
| 0.45 | MGNI | Magnite | PairCorr |
| 0.41 | DLPN | Dolphin Entertainment | PairCorr |
| 0.41 | SWAGW | Software Acquisition | PairCorr |
| 0.36 | MCHX | Marchex | PairCorr |
| 0.77 | SY | So Young International Trending | PairCorr |
| 0.62 | GCLWW | GCL Global Holdings | PairCorr |
| 0.56 | ZH | Zhihu Inc ADR | PairCorr |
| 0.53 | Z | Zillow Group Class | PairCorr |
| 0.49 | ZG | Zillow Group | PairCorr |
| 0.46 | DOYU | DouYu International | PairCorr |
| 0.43 | KT | KT Corporation Potential Growth | PairCorr |
| 0.41 | VENU | Venu Holding | PairCorr |
Related Correlations Analysis
| 0.2 | 0.17 | 0.19 | 0.54 | -0.02 | 0.25 | ZD | ||
| 0.2 | 0.83 | -0.12 | -0.11 | 0.16 | -0.4 | OMC | ||
| 0.17 | 0.83 | 0.37 | 0.25 | 0.12 | 0.08 | IPG | ||
| 0.19 | -0.12 | 0.37 | 0.66 | -0.1 | 0.7 | TSQ | ||
| 0.54 | -0.11 | 0.25 | 0.66 | -0.03 | 0.73 | CMPR | ||
| -0.02 | 0.16 | 0.12 | -0.1 | -0.03 | 0.08 | RELX | ||
| 0.25 | -0.4 | 0.08 | 0.7 | 0.73 | 0.08 | PUK | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between WPP Stock performing well and WPP PLC 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 WPP PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZD | 1.90 | (0.25) | 0.00 | (0.04) | 0.00 | 3.62 | 18.01 | |||
| OMC | 1.44 | (0.24) | 0.00 | (0.08) | 0.00 | 2.81 | 8.93 | |||
| IPG | 1.46 | (0.18) | 0.00 | (0.02) | 0.00 | 2.99 | 8.77 | |||
| TSQ | 1.72 | 0.07 | 0.02 | 0.20 | 3.02 | 3.35 | 8.36 | |||
| CMPR | 1.96 | (0.14) | (0.02) | 0.04 | 2.87 | 3.91 | 11.77 | |||
| RELX | 0.86 | 0.01 | (0.08) | 0.17 | 1.15 | 1.74 | 5.73 | |||
| PUK | 1.15 | 0.37 | 0.20 | (2.49) | 0.78 | 2.92 | 5.65 |