WILH WILHEL Correlations

WWIB
 Stock
  

NOK 196.00  1.50  0.77%   

The correlation of WILH WILHEL is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WILH WILHEL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WILH WILHEL HLDG moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to WILH WILHEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WILH WILHEL 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 WILH WILHEL - 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 WILH WILHEL HLDG to buy it.

Moving together with WILH WILHEL

+0.78SALMSALMAR ASAPairCorr
+0.69HYARDHAVYARD GROUP ASAPairCorr
+0.87HUNTHUNTER GROUP ASAPairCorr
+0.67MORGSPAREBANKEN MOREPairCorr

Related Correlations

MING
PEXIP
CIRCA
QFUEL
NAS
MING
0.030.540.360.53
MING
PEXIP
0.030.620.70.7
PEXIP
CIRCA
0.540.620.780.87
CIRCA
QFUEL
0.360.70.780.82
QFUEL
NAS
0.530.70.870.82
NAS
MING
PEXIP
CIRCA
QFUEL
NAS
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
NASCIRCA
NASQFUEL
QFUELCIRCA
QFUELPEXIP
NASPEXIP
CIRCAPEXIP
  

WILH WILHEL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between WILH WILHEL Stock performing well and WILH WILHEL company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze WILH WILHEL's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WILH WILHEL 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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WILH WILHEL Corporate Directors

WILH WILHEL corporate directors refer to members of a WILH WILHEL board of directors. The board of directors generally takes responsibility for the WILH WILHEL's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of WILH WILHEL's board members must vote for the resolution. The WILH WILHEL board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in WILH WILHEL HLDG?

The danger of trading WILH WILHEL HLDG is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of WILH WILHEL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than WILH WILHEL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile WILH WILHEL HLDG is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Tools for WILH WILHEL Stock

When running WILH WILHEL HLDG price analysis, check to measure WILH WILHEL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WILH WILHEL is operating at the current time. Most of WILH WILHEL's value examination focuses on studying past and present price action to predict the probability of WILH WILHEL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move WILH WILHEL's price. Additionally, you may evaluate how the addition of WILH WILHEL to your portfolios can decrease your overall portfolio volatility.
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