Werner Enterprises Correlations

Stocks . Germany . 
Stock . Werner Enterprises
WE1 Stock  EUR 26.80  0.20  0.75%   
The current 90-days correlation between Werner Enterprises and CN DATANG C is 0.15 (i.e., Average diversification). The correlation of Werner Enterprises 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.

Werner Enterprises Correlation With Market

Average diversification

The correlation between Werner Enterprises and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Werner Enterprises and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Werner Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Werner Enterprises 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 Werner Enterprises - 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 Werner Enterprises to buy it.

Moving together with Werner Stock

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  0.88PQ9 PT Bank MandiriPairCorr
  0.92PTI Perusahaan Perseroan Earnings Call TomorrowPairCorr
  0.86KBIA KB Financial GroupPairCorr
  0.82BZG2 PT Bank CentralPairCorr
  0.74DBPD Xtrackers ShortDAXPairCorr

Moving against Werner Stock

  0.8FGR FirstGroup plcPairCorr
  0.57FUY Fukuyama TransportingPairCorr
  0.94TKA thyssenkrupp AGPairCorr
  0.95TP BLUE LABELPairCorr
  0.89BSN Danone SAPairCorr
  0.86JYS1 JYSKE BANKPairCorr
  0.853RE Rejlerkoncernen ABPairCorr
  0.8T62 TOHO ZINC LTDPairCorr
  0.77BY6A BYD Limited Earnings Call TomorrowPairCorr
  0.71BRH Berkshire HathawayPairCorr
  0.62SOBA ATT IncPairCorr
  0.56TLLB Trelleborg ABPairCorr
  0.52KEI KEISEI EL RAILWAY SplitPairCorr
  0.48E908 Lyxor 1PairCorr
  0.45DBPE Xtrackers LevDAXPairCorr
  0.44ROM Rohm CoPairCorr
  0.41MRG Outcrop Silver GoldPairCorr
  0.32HUKI HUHTAMAKIPairCorr

Related Correlations Analysis

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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   
DT7
+ 0.86
DT7
S08
+ 0.33
6SD
D0D
+ 0.21
TM9
DT7
+ 0.14
D0D
TM9
+ 0.1
6SD
D0D
+ 0.07
DT7
  
High negative correlations   
DT7
- 0.63
6SD
DT7
- 0.63
6SD
S08
- 0.19
DT7
S08
- 0.15
DT7
TM9
- 0.11
DT7
DT7
- 0.09
TM9

Risk-Adjusted Indicators

There is a big difference between Werner Stock performing well and Werner Enterprises 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 Werner Enterprises' 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.

Be your own money manager

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

Elected by the shareholders, the Werner Enterprises' board of directors comprises two types of representatives: Werner Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Werner. The board's role is to monitor Werner Enterprises' management team and ensure that shareholders' interests are well served. Werner Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Werner Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.
John SteeleTreasurer VPProfile
Jim SchelbleExec OfficerProfile
Daragh MahonEx OfficerProfile
Fred ThayerAssociate CommunicationsProfile
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