WW International Correlations

WW Stock

USD 1.28 0.06 4.48%

The current 90-days correlation between WW International and Carriage Services is -0.04 (i.e., Good diversification). The correlation of WW International 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.

WW International Correlation With Market

Significant diversification

The correlation between WW International and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WW International and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy WW International Stock please use our How to Invest in WW International guide.

Moving together with WW International Stock

0.62	WYNN	Wynn Resorts Limited	Pair Corr
0.62	AGS	PlayAGS	Pair Corr
0.69	GAN	Gan	Pair Corr

Moving against WW International Stock

0.46	IGT	International Game	Pair Corr
0.39	HRB	HR Block	Pair Corr
0.39	LNW	Light Wonder	Pair Corr
0.35	EJH	E Home Household	Pair Corr

Related Correlations Analysis

	HRB	SCI	ROL	CSV	MED	BFAM	DSEY	EM	MCW
HRB		-0.45	0.22	-0.56	0.31	0.76	-0.84	-0.53	-0.57	HRB
SCI	-0.45		0.34	0.97	0.45	-0.78	0.44	-0.07	0.89	SCI
ROL	0.22	0.34		0.18	0.26	-0.09	-0.27	-0.36	0.1	ROL
CSV	-0.56	0.97	0.18		0.4	-0.85	0.6	0.1	0.96	CSV
MED	0.31	0.45	0.26	0.4		-0.08	-0.19	-0.28	0.4	MED
BFAM	0.76	-0.78	-0.09	-0.85	-0.08		-0.79	-0.33	-0.85	BFAM
DSEY	-0.84	0.44	-0.27	0.6	-0.19	-0.79		0.66	0.66	DSEY
EM	-0.53	-0.07	-0.36	0.1	-0.28	-0.33	0.66		0.2	EM
MCW	-0.57	0.89	0.1	0.96	0.4	-0.85	0.66	0.2		MCW
	HRB	SCI	ROL	CSV	MED	BFAM	DSEY	EM	MCW

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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

CSV	+ 0.97	SCI
MCW	+ 0.96	CSV
MCW	+ 0.89	SCI
BFAM	+ 0.76	HRB
EM	+ 0.66	DSEY
MCW	+ 0.66	DSEY

High negative correlations

MCW	- 0.85	BFAM
BFAM	- 0.85	CSV
DSEY	- 0.84	HRB
DSEY	- 0.79	BFAM
BFAM	- 0.78	SCI
MCW	- 0.57	HRB

Risk-Adjusted Indicators

There is a big difference between WW International Stock performing well and WW 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 WW 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
HRB	1.04	(0.20)	0.00	(0.14)	0.00	0.00	2.14	(1.60)	11.70
SCI	0.86	0.12	0.07	0.37	0.74	(1.08)	1.89	(1.37)	8.36
ROL	0.98	(0.05)	(0.06)	0.02	1.83	(0.83)	1.53	(2.26)	9.52
CSV	1.25	0.27	0.17	0.61	0.88	(1.47)	2.84	(2.10)	16.85
MED	2.05	0.08	(0.01)	0.76	2.65	(1.98)	4.85	(3.72)	15.04
BFAM	1.14	(0.27)	0.00	(1.18)	0.00	0.00	1.83	(2.27)	14.64
DSEY	0.19	0.04	(0.30)	2.78	0.00	(0.29)	0.49	(0.36)	1.22
EM	3.04	0.29	0.05	1.13	2.87	(4.35)	7.04	(5.26)	36.17
MCW	1.65	0.21	0.12	0.37	1.30	(1.99)	4.63	(2.69)	16.56

WW International Corporate Management

Corey Kinger	VP of Investor Relations Officer	Profile
Heather CPA	Chief Officer	Profile
Donna Boyer	Chief Officer	Profile
Gary Foster	Chief Officer	Profile
Tiffany Stevenson	Chief Officer	Profile
Amanda Tolleson	Chief Officer	Profile
Debra Benovitz	Senior Innovation	Profile

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