Werner Enterprises Correlations
| WE1 Stock | EUR 30.80 0.20 0.65% |
The current 90-days correlation between Werner Enterprises and Air Transport Services is 0.03 (i.e., Significant 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 0.12 (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.
Werner |
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
| 0.68 | SQR | Saia Inc | PairCorr |
| 0.73 | SNIA | SCHNEIDER NATLINC CLB | PairCorr |
| 0.78 | AQY | ArcBest | PairCorr |
| 0.69 | HLX | Heartland Express | PairCorr |
| 0.78 | MSF | Microsoft | PairCorr |
| 0.78 | MSF | Microsoft | PairCorr |
| 0.78 | MSF | Microsoft | PairCorr |
| 0.79 | MSF | Microsoft | PairCorr |
Moving against Werner Stock
| 0.54 | ISHA | INTERSHOP Communications | PairCorr |
| 0.49 | 690D | Haier Smart Home | PairCorr |
| 0.43 | PJFB | PICO FAR EAST | PairCorr |
| 0.37 | IBM | International Business | PairCorr |
| 0.32 | ICK | Industrial and Commercial | PairCorr |
Related Correlations Analysis
| 0.4 | 0.63 | 0.7 | -0.63 | 0.62 | 0.73 | AW8 | ||
| 0.4 | 0.34 | 0.64 | -0.12 | 0.56 | 0.64 | KEC | ||
| 0.63 | 0.34 | 0.61 | -0.26 | 0.39 | 0.63 | 9TG | ||
| 0.7 | 0.64 | 0.61 | -0.17 | 0.78 | 0.9 | 14N1 | ||
| -0.63 | -0.12 | -0.26 | -0.17 | -0.42 | -0.34 | 8L8 | ||
| 0.62 | 0.56 | 0.39 | 0.78 | -0.42 | 0.74 | CN6 | ||
| 0.73 | 0.64 | 0.63 | 0.9 | -0.34 | 0.74 | E6Q | ||
| 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
|
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AW8 | 0.33 | 0.04 | 0.06 | 0.42 | 0.32 | 0.96 | 2.82 | |||
| KEC | 2.67 | 0.33 | 0.05 | 0.46 | 3.04 | 8.33 | 28.50 | |||
| 9TG | 1.53 | 0.10 | 0.08 | (0.17) | 1.69 | 3.99 | 18.24 | |||
| 14N1 | 0.79 | 0.18 | 0.23 | (3.09) | 0.61 | 1.92 | 5.07 | |||
| 8L8 | 1.44 | (0.06) | 0.00 | (0.35) | 0.00 | 3.29 | 10.03 | |||
| CN6 | 1.04 | 0.14 | 0.06 | (0.70) | 1.17 | 3.70 | 8.69 | |||
| E6Q | 1.71 | 0.36 | 0.18 | (7.09) | 1.74 | 4.11 | 13.84 |
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.Did you try this?
Run Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
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 Steele | Treasurer VP | Profile | |
| Jim Schelble | Exec Officer | Profile | |
| Daragh Mahon | Ex Officer | Profile | |
| Fred Thayer | Associate Communications | Profile |