Walgreens Boots Correlations
| WBA Stock | USD 11.15 0.05 0.45% |
The current 90-days correlation between Walgreens Boots Alliance and PetMed Express is 0.27 (i.e., Modest diversification). The correlation of Walgreens Boots 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.
Walgreens Boots Correlation With Market
Good diversification
The correlation between Walgreens Boots Alliance and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walgreens Boots Alliance and DJI in the same portfolio, assuming nothing else is changed.
Walgreens |
Moving together with Walgreens Stock
Moving against Walgreens Stock
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| 0.4 | EBM | Eastwood Bio Medical | PairCorr |
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Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Walgreens Stock performing well and Walgreens Boots 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 Walgreens Boots' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PETS | 2.93 | (0.30) | 0.00 | (0.34) | 0.00 | 5.72 | 23.41 | |||
| BIMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YI | 4.29 | 0.56 | 0.10 | 0.99 | 5.33 | 12.02 | 32.93 | |||
| CJJD | 3.63 | (0.37) | 0.00 | (2.63) | 0.00 | 5.56 | 33.93 | |||
| RAD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HITI | 2.73 | (0.44) | 0.00 | (0.37) | 0.00 | 4.26 | 22.58 | |||
| LFLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFLWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GABLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MEDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Walgreens Boots Corporate Management
| Joseph Amsbary | Senior Secretary | Profile | |
| Lanesha JD | Executive Officer | Profile | |
| Holly May | Ex Officer | Profile | |
| Beth Leonard | Senior Officer | Profile | |
| Mary Langowski | Executive Healthcare | Profile |