Wienerberger Correlations

WBRBF Stock

USD 32.48 0.00 0.00%

The current 90-days correlation between Wienerberger AG and ServiceNow is 0.27 (i.e., Modest diversification). The correlation of Wienerberger 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.

Wienerberger Correlation With Market

Average diversification

The correlation between Wienerberger AG and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wienerberger AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Wienerberger Pink Sheet

0.39	AHCHY	Anhui Conch Cement	Pair Corr
0.37	AHCHF	Anhui Conch Cement	Pair Corr
0.34	FRCOF	Fast Retailing	Pair Corr
0.39	LIEN	Chicago Atlantic BDC, Symbol Change	Pair Corr
0.38	CIADY	China Mengniu Dairy	Pair Corr
0.34	TRDA	Entrada Therapeutics	Pair Corr
0.32	BMY	Bristol Myers Squibb	Pair Corr

Related Correlations Analysis

	USIO	DGII	NOW	UBER	NUVL	TFII	EDTK
USIO		0.25	0.17	0.08	0.11	0.42	0.07	USIO
DGII	0.25		0.86	-0.55	-0.52	0.67	-0.4	DGII
NOW	0.17	0.86		-0.79	-0.67	0.79	-0.26	NOW
UBER	0.08	-0.55	-0.79		0.68	-0.54	0.08	UBER
NUVL	0.11	-0.52	-0.67	0.68		-0.29	0.42	NUVL
TFII	0.42	0.67	0.79	-0.54	-0.29		-0.06	TFII
EDTK	0.07	-0.4	-0.26	0.08	0.42	-0.06		EDTK
	USIO	DGII	NOW	UBER	NUVL	TFII	EDTK

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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

NOW	+ 0.86	DGII
TFII	+ 0.79	NOW
NUVL	+ 0.68	UBER
TFII	+ 0.67	DGII
TFII	+ 0.42	USIO
EDTK	+ 0.42	NUVL

High negative correlations

UBER	- 0.79	NOW
NUVL	- 0.67	NOW
UBER	- 0.55	DGII
TFII	- 0.54	UBER
NUVL	- 0.52	DGII
EDTK	- 0.4	DGII

Risk-Adjusted Indicators

There is a big difference between Wienerberger Pink Sheet performing well and Wienerberger 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 Wienerberger'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
USIO	1.98	(0.05)	0.00	(0.04)	0.00	0.00	4.93	(4.00)	13.65
DGII	1.55	0.19	0.08	0.78	1.73	(1.70)	3.54	(2.97)	14.35
NOW	1.36	0.24	0.14	0.24	1.45	(1.54)	2.77	(2.73)	11.04
UBER	1.72	(0.25)	0.00	(2.15)	0.00	0.00	2.67	(5.35)	20.41
NUVL	1.58	(0.38)	0.00	(1.15)	0.00	0.00	2.37	(5.28)	11.81
TFII	1.29	(0.09)	0.00	(0.02)	0.00	0.00	2.49	(2.72)	13.92
EDTK	3.14	(0.01)	(0.01)	(0.15)	3.17	(4.32)	7.37	(5.61)	14.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wienerberger 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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Wienerberger Corporate Management

Bernd Braunstein	Corp Services	Profile
Harald Schwarzmayr	COO Board	Profile
Wolfgang Weiss	Head HR	Profile
Gerhard Hanke	CFO Board	Profile
Klaus Ofner	Head - Investor Relations	Profile
Solveig MenardGalli	Chief Performance Officer, Member of the Management Board	Profile

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