WM Technology Correlations

MAPSW Stock

USD 0.04 0 10.41%

The correlation of WM Technology 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.

WM Technology Correlation With Market

Average diversification

The correlation between WM Technology and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WM Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in WM Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy MAPSW Stock please use our How to Invest in WM Technology guide.

Moving against MAPSW Stock

0.51	DJCO	Daily Journal Corp	Pair Corr
0.44	QH	Quhuo	Pair Corr
0.48	FRGT	Freight Technologies	Pair Corr
0.44	FICO	Fair Isaac	Pair Corr
0.34	CYN	Cyngn Inc	Pair Corr

Related Correlations Analysis

	LTCHW	INDIW	AVPTW	KPLTW	PAYOW
LTCHW		0.0	0.0	0.0	0.0	LTCHW
INDIW	0.0		0.0	0.0	0.0	INDIW
AVPTW	0.0	0.0		0.22	0.0	AVPTW
KPLTW	0.0	0.0	0.22		0.0	KPLTW
PAYOW	0.0	0.0	0.0	0.0		PAYOW
	LTCHW	INDIW	AVPTW	KPLTW	PAYOW

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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

KPLTW	+ 0.22	AVPTW
INDIW	+ 0.0	LTCHW
AVPTW	+ 0.0	LTCHW
KPLTW	+ 0.0	LTCHW
PAYOW	+ 0.0	LTCHW
AVPTW	+ 0.0	INDIW

High negative correlations

PAYOW	- 0.0	KPLTW
PAYOW	- 0.0	AVPTW
PAYOW	- 0.0	INDIW
KPLTW	- 0.0	INDIW
AVPTW	- 0.0	INDIW
PAYOW	- 0.0	LTCHW

Risk-Adjusted Indicators

There is a big difference between MAPSW Stock performing well and WM Technology 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 WM Technology'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
LTCHW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INDIW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVPTW	4.41	(0.29)	0.00	(0.25)	0.00	0.00	8.93	(9.27)	38.21
KPLTW	17.21	3.96	0.24	14.49	13.90	(26.02)	60.87	(27.69)	108.80
PAYOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

WM Technology Corporate Management

Duncan Grazier	Chief Officer	Profile
Steven Jung	President	Profile
Justin Dean	CTO Officer	Profile
Arden Lee	Chief Officer	Profile
Mike Grishaver	Senior Product	Profile
Justin Hartfield	CoFounder Director	Profile
Meera Pisharody	Vice People	Profile

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