Wallbox NV Correlations

WBX-WT Stock

0.05 0.02 58.33%

The current 90-days correlation between Wallbox NV WT and RBC Bearings Incorporated is -0.08 (i.e., Good diversification). The correlation of Wallbox NV 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.

Wallbox NV Correlation With Market

Good diversification

The correlation between Wallbox NV WT and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wallbox NV WT and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wallbox NV WT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Wallbox Stock please use our How to Invest in Wallbox NV guide.

Moving against Wallbox Stock

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0.63	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	RBC	NVNO	NRRWF	MMSI	HPP	MHO
RBC		-0.2	-0.3	0.91	-0.51	0.05	RBC
NVNO	-0.2		0.6	0.04	0.6	0.45	NVNO
NRRWF	-0.3	0.6		-0.08	0.78	0.73	NRRWF
MMSI	0.91	0.04	-0.08		-0.34	0.15	MMSI
HPP	-0.51	0.6	0.78	-0.34		0.73	HPP
MHO	0.05	0.45	0.73	0.15	0.73		MHO
	RBC	NVNO	NRRWF	MMSI	HPP	MHO

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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

MMSI	+ 0.91	RBC
HPP	+ 0.78	NRRWF
MHO	+ 0.73	NRRWF
MHO	+ 0.73	HPP
NRRWF	+ 0.6	NVNO
HPP	+ 0.6	NVNO

High negative correlations

HPP	- 0.51	RBC
HPP	- 0.34	MMSI
NRRWF	- 0.3	RBC
NVNO	- 0.2	RBC
MMSI	- 0.08	NRRWF

Risk-Adjusted Indicators

There is a big difference between Wallbox Stock performing well and Wallbox NV 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 Wallbox NV'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
RBC	1.00	0.00	(0.01)	0.00	1.09	(1.14)	2.08	(1.96)	12.57
NVNO	2.81	0.13	0.04	0.23	3.06	(3.35)	8.51	(4.38)	20.68
NRRWF	1.46	(0.49)	0.00	0.55	0.00	0.00	0.00	(5.33)	21.89
MMSI	0.90	(0.03)	0.00	(0.13)	0.00	0.00	2.03	(1.93)	7.20
HPP	3.41	(0.68)	0.00	(2.26)	0.00	0.00	7.56	(7.62)	25.79
MHO	1.70	(0.40)	0.00	(0.49)	0.00	0.00	2.86	(4.24)	11.52

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