WF International Correlations
| WXM Stock | 3.30 0.26 7.30% |
The current 90-days correlation between WF International and Playtika Holding Corp is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WF International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WF International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
WF International Correlation With Market
Weak diversification
The correlation between WF International Limited and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WF International Limited and DJI in the same portfolio, assuming nothing else is changed.
Moving together with WXM Stock
| 0.71 | DSGR | Distribution Solutions | PairCorr |
| 0.78 | FAST | Fastenal | PairCorr |
| 0.76 | FERG | Ferguson Plc | PairCorr |
| 0.79 | AIT | Applied Industrial | PairCorr |
| 0.88 | BXC | BlueLinx Holdings | PairCorr |
| 0.81 | CNM | Core Main | PairCorr |
| 0.92 | EVI | EVI Industries | PairCorr |
| 0.9 | MSM | MSC Industrial Direct | PairCorr |
| 0.85 | WCC | WESCO International | PairCorr |
| 0.81 | WCC-PA | WESCO International | PairCorr |
| 0.72 | REZI | Resideo Technologies | PairCorr |
| 0.66 | SITE | SiteOne Landscape Supply | PairCorr |
| 0.75 | J | Jacobs Solutions | PairCorr |
| 0.86 | R | Ryder System Earnings Call This Week | PairCorr |
| 0.75 | AZ | A2Z Smart Technologies | PairCorr |
| 0.64 | BA | Boeing | PairCorr |
| 0.84 | BE | Bloom Energy Corp | PairCorr |
| 0.62 | CR | Crane Company | PairCorr |
| 0.65 | CW | Curtiss Wright | PairCorr |
| 0.68 | DY | Dycom Industries | PairCorr |
| 0.92 | GD | General Dynamics Earnings Call This Week | PairCorr |
| 0.62 | GE | GE Aerospace Earnings Call This Week | PairCorr |
Moving against WXM Stock
Related Correlations Analysis
| -0.27 | 0.52 | 0.18 | 0.08 | 0.0 | PLTK | ||
| -0.27 | -0.19 | 0.01 | 0.17 | 0.0 | NTGR | ||
| 0.52 | -0.19 | 0.09 | 0.34 | 0.0 | GETY | ||
| 0.18 | 0.01 | 0.09 | 0.21 | 0.0 | EVOH | ||
| 0.08 | 0.17 | 0.34 | 0.21 | 0.0 | WZZAF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CEBUY | ||
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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 WXM Stock performing well and WF International 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 WF International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLTK | 1.79 | (0.28) | 0.00 | (0.10) | 0.00 | 4.44 | 14.23 | |||
| NTGR | 2.02 | 0.21 | 0.11 | 0.32 | 1.74 | 5.16 | 22.43 | |||
| GETY | 2.95 | 0.00 | 0.01 | 0.13 | 3.60 | 5.42 | 18.75 | |||
| EVOH | 2.88 | (1.58) | 0.00 | (1.88) | 0.00 | 0.00 | 0.00 | |||
| WZZAF | 1.00 | (0.08) | 0.00 | 0.38 | 0.00 | 0.00 | 52.23 | |||
| CEBUY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |