Willscot Mobile Correlations

WSC Stock

USD 30.37 0.71 2.39%

The current 90-days correlation between Willscot Mobile Mini and Herc Holdings is 0.02 (i.e., Significant diversification). The correlation of Willscot Mobile 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.

Willscot Mobile Correlation With Market

Good diversification

The correlation between Willscot Mobile Mini and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willscot Mobile Mini and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Willscot Stock

0.82	R	Ryder System Earnings Call This Week	Pair Corr
0.85	AL	Air Lease	Pair Corr
0.77	AER	AerCap Holdings NV	Pair Corr
0.68	CAR	Avis Budget Group	Pair Corr
0.79	HRI	Herc Holdings Earnings Call This Week	Pair Corr
0.8	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.86	URI	United Rentals Earnings Call This Week	Pair Corr
0.68	FTAIM	FTAI Aviation Earnings Call This Week	Pair Corr
0.91	FTAIN	Fortress Transportation Earnings Call This Week	Pair Corr
0.86	MGRC	McGrath RentCorp Earnings Call This Week	Pair Corr
0.67	TRTN-PA	Triton International	Pair Corr
0.71	ALTG	Alta Equipment Group	Pair Corr
0.66	ALTG-PA	Alta Equipment Group	Pair Corr
0.8	CTOS	Custom Truck One	Pair Corr
0.79	J	Jacobs Solutions	Pair Corr
0.65	AP	Ampco Pittsburgh	Pair Corr
0.71	AZ	A2Z Smart Technologies	Pair Corr
0.87	BA	Boeing	Pair Corr
0.63	BE	Bloom Energy Corp	Pair Corr
0.78	BV	BrightView Holdings	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr

Moving against Willscot Stock

0.67	VSTS	Vestis	Pair Corr
0.59	ZCAR	Zoomcar Holdings	Pair Corr
0.46	ZCARW	Zoomcar Holdings	Pair Corr
0.45	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	HRI	MGRC	GATX	UHAL-B	WTM	SPSC	VRRM	MTB
HRI		0.84	0.51	0.4	0.56	0.33	0.74	0.83	HRI
MGRC	0.84		0.73	0.45	0.58	0.33	0.92	0.93	MGRC
GATX	0.51	0.73		0.07	0.23	-0.12	0.72	0.74	GATX
UHAL-B	0.4	0.45	0.07		0.55	0.71	0.29	0.34	UHAL-B
WTM	0.56	0.58	0.23	0.55		0.51	0.52	0.54	WTM
SPSC	0.33	0.33	-0.12	0.71	0.51		0.17	0.22	SPSC
VRRM	0.74	0.92	0.72	0.29	0.52	0.17		0.92	VRRM
MTB	0.83	0.93	0.74	0.34	0.54	0.22	0.92		MTB
	HRI	MGRC	GATX	UHAL-B	WTM	SPSC	VRRM	MTB

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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

MTB	+ 0.93	MGRC
VRRM	+ 0.92	MGRC
MTB	+ 0.92	VRRM
MGRC	+ 0.84	HRI
MTB	+ 0.83	HRI
VRRM	+ 0.74	HRI

High negative correlations

SPSC

- 0.12

GATX

Risk-Adjusted Indicators

There is a big difference between Willscot Stock performing well and Willscot Mobile 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 Willscot Mobile'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
HRI	2.75	0.02	0.04	0.14	3.08	(3.01)	6.31	(5.23)	17.36
MGRC	1.27	(0.01)	(0.01)	0.12	1.34	(1.35)	2.35	(2.51)	6.36
GATX	1.06	0.11	(0.03)	(0.46)	1.31	(1.07)	2.02	(1.79)	11.39
UHAL-B	1.32	(0.11)	(0.05)	0.04	1.67	(1.30)	2.37	(2.67)	7.93
WTM	1.00	(0.05)	(0.07)	0.06	1.25	(0.99)	2.02	(2.06)	5.06
SPSC	1.61	0.19	0.00	(0.28)	1.74	(1.85)	2.40	(2.81)	11.30
VRRM	1.29	0.02	0.02	0.15	1.27	(1.64)	3.50	(2.50)	12.45
MTB	1.15	0.17	0.14	0.27	1.16	(1.23)	2.60	(2.41)	7.50

Willscot Mobile Corporate Management

Matthew Jacobsen	Senior Finance	Profile
Charles Wohlhuter	Senior Relations	Profile
Michael Rose	Investor Contact	Profile
Graeme Parkes	Executive Officer	Profile
Sally Shanks	Chief Accounting Officer, Treasurer	Profile
Joseph Donegan	Executive Operations	Profile
Nick Girardi	Director Relations	Profile

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