Worldline Correlations

WWLNF Stock

USD 9.00 0.00 0.00%

The current 90-days correlation between Worldline SA and Skkynet Cloud Systems is 0.08 (i.e., Significant diversification). The correlation of Worldline 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.

Worldline Correlation With Market

Good diversification

The correlation between Worldline SA and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Worldline SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Worldline Pink Sheet

0.64	MSFT	Microsoft	Pair Corr
0.62	BKV	BKV Corporation	Pair Corr

Moving against Worldline Pink Sheet

0.57	SSNLF	Samsung Electronics	Pair Corr
0.52	PTAIF	PT Astra International	Pair Corr
0.35	ORCL	Oracle	Pair Corr
0.54	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.45	CIADY	China Mengniu Dairy	Pair Corr
0.33	CMGR	Clubhouse Media Group	Pair Corr
0.52	TRT	Trio Tech International	Pair Corr
0.34	LIEN	Chicago Atlantic BDC, Symbol Change	Pair Corr

Related Correlations Analysis

	SKKY	TONR	ZENV	BCAN	DTSS	AUID	TGCB
SKKY		-0.13	0.22	-0.01	0.18	-0.52	0.47	SKKY
TONR	-0.13		-0.43	0.0	0.16	0.39	-0.02	TONR
ZENV	0.22	-0.43		-0.07	-0.4	-0.61	0.21	ZENV
BCAN	-0.01	0.0	-0.07		0.27	0.05	-0.13	BCAN
DTSS	0.18	0.16	-0.4	0.27		-0.01	0.11	DTSS
AUID	-0.52	0.39	-0.61	0.05	-0.01		-0.31	AUID
TGCB	0.47	-0.02	0.21	-0.13	0.11	-0.31		TGCB
	SKKY	TONR	ZENV	BCAN	DTSS	AUID	TGCB

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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

TGCB	+ 0.47	SKKY
AUID	+ 0.39	TONR
DTSS	+ 0.27	BCAN
ZENV	+ 0.22	SKKY
TGCB	+ 0.21	ZENV
DTSS	+ 0.18	SKKY

High negative correlations

AUID	- 0.61	ZENV
AUID	- 0.52	SKKY
ZENV	- 0.43	TONR
DTSS	- 0.4	ZENV
TGCB	- 0.31	AUID
TGCB	- 0.13	BCAN

Risk-Adjusted Indicators

There is a big difference between Worldline Pink Sheet performing well and Worldline 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 Worldline'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
SKKY	8.12	1.45	0.09	(3.37)	8.86	(17.22)	28.21	(22.22)	103.78
TONR	8.91	0.97	0.03	0.80	11.44	(50.00)	50.00	(33.33)	83.33
ZENV	3.51	0.22	0.04	(0.93)	3.87	(4.22)	8.94	(5.88)	22.26
BCAN	0.79	(0.03)	0.00	0.46	0.00	0.00	2.37	(2.44)	6.48
DTSS	3.84	0.18	0.03	0.42	5.07	(4.16)	8.48	(6.32)	35.05
AUID	4.55	0.08	0.02	0.07	5.06	(5.69)	9.98	(9.87)	30.54
TGCB	10.14	1.46	0.07	(1.94)	11.02	(22.19)	37.50	(30.38)	132.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Worldline 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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