WillScot Mobile Correlations

WS11 Stock

EUR 36.40 0.20 0.55%

The current 90-days correlation between WillScot Mobile Mini and Superior Plus Corp is 0.06 (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

Weak diversification

The correlation between WillScot Mobile Mini and DJI is 0.34 (i.e., Weak 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.

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

Related Correlations Analysis

	UR3	8SP	6NM	39O1	2DG	TM9	TLX	INVN	NOH1
UR3		-0.72	-0.19	0.17	-0.82	-0.03	-0.1	0.85	0.86	UR3
8SP	-0.72		0.58	0.29	0.77	0.32	0.09	-0.77	-0.55	8SP
6NM	-0.19	0.58		0.47	0.22	0.17	0.35	-0.19	-0.09	6NM
39O1	0.17	0.29	0.47		0.16	0.42	-0.2	-0.01	0.38	39O1
2DG	-0.82	0.77	0.22	0.16		0.23	-0.1	-0.86	-0.69	2DG
TM9	-0.03	0.32	0.17	0.42	0.23		-0.15	-0.16	0.2	TM9
TLX	-0.1	0.09	0.35	-0.2	-0.1	-0.15		0.11	-0.14	TLX
INVN	0.85	-0.77	-0.19	-0.01	-0.86	-0.16	0.11		0.76	INVN
NOH1	0.86	-0.55	-0.09	0.38	-0.69	0.2	-0.14	0.76		NOH1
	UR3	8SP	6NM	39O1	2DG	TM9	TLX	INVN	NOH1

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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

NOH1	+ 0.86	UR3
INVN	+ 0.85	UR3
2DG	+ 0.77	8SP
NOH1	+ 0.76	INVN
6NM	+ 0.58	8SP
39O1	+ 0.47	6NM

High negative correlations

INVN	- 0.86	2DG
2DG	- 0.82	UR3
INVN	- 0.77	8SP
8SP	- 0.72	UR3
NOH1	- 0.69	2DG
NOH1	- 0.55	8SP

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
UR3	1.63	0.25	0.14	0.36	1.51	(1.89)	3.73	(2.80)	17.97
8SP	2.07	(0.11)	0.00	0.59	0.00	0.00	3.36	(4.74)	20.22
6NM	1.25	0.02	(0.01)	0.14	1.73	(1.39)	2.89	(2.69)	9.64
39O1	3.53	0.06	(0.01)	0.49	3.52	(4.94)	8.41	(5.38)	24.06
2DG	4.16	(1.39)	0.00	(0.70)	0.00	0.00	7.14	(8.57)	52.42
TM9	2.82	0.01	0.00	0.09	0.00	0.00	5.56	(6.43)	36.50
TLX	0.96	(0.05)	(0.09)	0.01	1.14	(1.11)	2.67	(1.64)	7.58
INVN	2.13	0.15	0.06	0.26	2.41	(2.54)	5.61	(4.25)	14.01
NOH1	2.13	0.19	0.07	0.37	1.95	(2.70)	6.61	(3.38)	12.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in WillScot Mobile 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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WillScot Mobile Corporate Management

Elected by the shareholders, the WillScot Mobile's board of directors comprises two types of representatives: WillScot Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WillScot. The board's role is to monitor WillScot Mobile's management team and ensure that shareholders' interests are well served. WillScot Mobile's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, WillScot Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sara Dial	Director	Profile
Jeffrey Sagansky	Non-Executive Independent Director	Profile
Michael Rose	Investor Contact	Profile
Sally Shanks	Chief Accounting Officer, Treasurer	Profile
Gerard Holthaus	Non-Executive Independent Chairman of the Board	Profile
Erik Olsson	Chairman of the Board	Profile

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