Weave Communications Correlations
| WEAV Stock | USD 11.70 0.06 0.52% |
The correlation of Weave Communications 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.
Weave Communications Correlation With Market
Very weak diversification
The correlation between Weave Communications and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weave Communications and DJI in the same portfolio, assuming nothing else is changed.
Weave |
Moving together with Weave Stock
| 0.65 | VSEE | VSee Health, Symbol Change | PairCorr |
| 0.95 | S | SentinelOne | PairCorr |
| 0.74 | DIOD | Diodes Incorporated | PairCorr |
| 0.85 | AI | C3 Ai Inc | PairCorr |
| 0.76 | BL | Blackline | PairCorr |
| 0.61 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.84 | DV | DoubleVerify Holdings | PairCorr |
| 0.74 | IT | Gartner | PairCorr |
| 0.79 | KN | Knowles Cor | PairCorr |
| 0.69 | NA | Nano Labs | PairCorr |
| 0.63 | ON | ON Semiconductor | PairCorr |
| 0.61 | PD | Pagerduty | PairCorr |
| 0.63 | PI | Impinj Inc | PairCorr |
| 0.63 | UI | Ubiquiti Networks | PairCorr |
Moving against Weave Stock
| 0.6 | LFMDP | LifeMD Preferred Series | PairCorr |
| 0.44 | GB | Global Blue Group | PairCorr |
| 0.41 | KDLYW | Kindly MD, Warrants | PairCorr |
| 0.68 | QH | Quhuo | PairCorr |
| 0.67 | MQ | Marqeta | PairCorr |
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 Weave Stock performing well and Weave Communications 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 Weave Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MNTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWAN | 1.76 | (0.10) | 0.00 | (0.24) | 0.00 | 3.61 | 15.32 | |||
| EXFY | 2.83 | (0.09) | 0.00 | (0.12) | 0.00 | 5.11 | 28.23 | |||
| MODN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENFN | 1.14 | 0.09 | 0.08 | 0.29 | 1.59 | 3.38 | 10.10 | |||
| VTEX | 2.41 | (0.22) | 0.00 | (0.20) | 0.00 | 5.07 | 29.57 | |||
| ONTF | 1.55 | (0.26) | 0.00 | (0.31) | 0.00 | 2.99 | 8.74 | |||
| BRZE | 2.42 | (0.04) | 0.00 | (0.09) | 0.00 | 4.56 | 17.27 | |||
| FRSH | 1.90 | 0.02 | 0.00 | (0.06) | 0.00 | 3.97 | 15.73 |
Weave Communications Corporate Management
| David McNeil | Chief Officer | Profile | |
| Erin Goodsell | Chief Secretary | Profile | |
| Brett White | CEO Director | Profile | |
| Matthew Hyde | Chief Officer | Profile | |
| Mark McReynolds | Head Relations | Profile | |
| Wendy Harper | Chief Sec | Profile |