Goodheart Willcox Correlations
| GWOX Stock | USD 435.00 4.00 0.91% |
The correlation of Goodheart Willcox 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.
Goodheart Willcox Correlation With Market
Very good diversification
The correlation between The Goodheart Willcox and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Goodheart Willcox and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Goodheart Willcox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodheart Willcox 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 Goodheart Willcox - 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 The Goodheart Willcox to buy it.
Moving against Goodheart Pink Sheet
| 0.63 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.6 | YELP | Yelp Inc | PairCorr |
| 0.6 | PWOD | Penns Woods Bancorp | PairCorr |
| 0.56 | HUT | Hut 8 Corp | PairCorr |
| 0.55 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.53 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.53 | FNMFO | Federal National Mortgage | PairCorr |
| 0.52 | GLPPRB | Global Partners LP | PairCorr |
| 0.49 | TGTX | TG Therapeutics | PairCorr |
| 0.48 | SAPMF | Saipem SpA | PairCorr |
| 0.47 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.45 | AS | Amer Sports, | PairCorr |
| 0.39 | M | Macys Inc | PairCorr |
| 0.37 | DMRC | Digimarc | PairCorr |
| 0.67 | ZWS | Zurn Elkay Water | PairCorr |
| 0.62 | ZION | Zions Bancorporation Fiscal Year End 27th of January 2025 | PairCorr |
| 0.62 | MAR | Marriott International | PairCorr |
| 0.62 | HWC | Hancock Whitney Corp Fiscal Year End 21st of January 2025 | PairCorr |
| 0.6 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | BSIG | Brightsphere Investment | PairCorr |
| 0.59 | PETS | PetMed Express | PairCorr |
| 0.59 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.53 | ROIC | Retail Opportunity | PairCorr |
| 0.51 | SAIA | Saia Inc | PairCorr |
Related Correlations Analysis
| 0.02 | 0.51 | 0.06 | 0.33 | PDER | ||
| 0.02 | 0.27 | -0.14 | 0.13 | KEWL | ||
| 0.51 | 0.27 | 0.16 | 0.33 | RSKIA | ||
| 0.06 | -0.14 | 0.16 | -0.07 | HNFSA | ||
| 0.33 | 0.13 | 0.33 | -0.07 | BURCA | ||
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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 Goodheart Pink Sheet performing well and Goodheart Willcox 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 Goodheart Willcox'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PDER | 1.97 | 0.29 | 0.08 | 6.85 | 2.68 | 8.60 | 16.52 | |||
| KEWL | 2.24 | 0.24 | 0.06 | (1.09) | 2.47 | 8.57 | 19.50 | |||
| RSKIA | 1.32 | 0.24 | 0.11 | 0.76 | 1.32 | 3.67 | 9.78 | |||
| HNFSA | 0.23 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 7.30 | |||
| BURCA | 1.45 | 0.07 | 0.02 | 0.18 | 1.74 | 4.27 | 13.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goodheart Willcox 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.Did you try this?
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Goodheart Willcox Corporate Management
| Todd Scheffers | Chief Officer | Profile | |
| Clois EdD | Consultant Director | Profile | |
| CFCS Griffin | Consultant Director | Profile | |
| John Flanagan | CEO Chairman | Profile |