Werner Enterprises Correlations

WERN Stock

USD 29.57 0.32 1.09%

The current 90-days correlation between Werner Enterprises and Universal Logistics Holdings is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Werner Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Werner Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Werner Enterprises Correlation With Market

Very weak diversification

The correlation between Werner Enterprises and DJI is 0.42 (i.e., Very weak 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.

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

To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.

Moving together with Werner Stock

0.92	VLRS	Volaris	Pair Corr
0.91	AAL	American Airlines	Pair Corr
0.79	DAL	Delta Air Lines	Pair Corr
0.93	RXO	RXO Inc	Pair Corr
0.79	UAL	United Airlines Holdings	Pair Corr
0.76	JBLU	JetBlue Airways Corp	Pair Corr
0.79	MESA	Mesa Air Group	Pair Corr
0.68	ODFL	Old Dominion Freight	Pair Corr
0.88	ALGT	Allegiant Travel	Pair Corr
0.93	SAIA	Saia Inc	Pair Corr
0.77	SKYW	SkyWest	Pair Corr
0.93	TFII	TFI International	Pair Corr
0.93	J	Jacobs Solutions	Pair Corr
0.73	R	Ryder System	Pair Corr
0.89	BV	BrightView Holdings	Pair Corr
0.87	BW	Babcock Wilcox Enter	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.74	DY	Dycom Industries	Pair Corr

Moving against Werner Stock

0.73	LTM	LATAM Airlines Group	Pair Corr
0.66	ATSG	Air Transport Services	Pair Corr
0.62	CPA	Copa Holdings SA	Pair Corr
0.56	RYAAY	Ryanair Holdings PLC	Pair Corr
0.55	G	Genpact Limited	Pair Corr
0.73	EH	Ehang Holdings	Pair Corr
0.64	LZ	LegalZoom	Pair Corr
0.5	GE	GE Aerospace	Pair Corr
0.45	DE	Deere Company	Pair Corr
0.44	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	HTLD	ULH	PTSI	SNDR	MRTN	CVLG	KNX	USX
HTLD		0.77	0.0	0.94	0.89	0.46	0.93	0.0	HTLD
ULH	0.77		0.0	0.89	0.86	0.62	0.75	0.0	ULH
PTSI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PTSI
SNDR	0.94	0.89	0.0		0.93	0.5	0.92	0.0	SNDR
MRTN	0.89	0.86	0.0	0.93		0.59	0.81	0.0	MRTN
CVLG	0.46	0.62	0.0	0.5	0.59		0.25	0.0	CVLG
KNX	0.93	0.75	0.0	0.92	0.81	0.25		0.0	KNX
USX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		USX
	HTLD	ULH	PTSI	SNDR	MRTN	CVLG	KNX	USX

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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

SNDR	+ 0.94	HTLD
KNX	+ 0.93	HTLD
MRTN	+ 0.93	SNDR
KNX	+ 0.92	SNDR
MRTN	+ 0.89	HTLD
SNDR	+ 0.89	ULH

High negative correlations

USX	- 0.0	KNX
USX	- 0.0	CVLG
USX	- 0.0	MRTN
USX	- 0.0	SNDR
USX	- 0.0	PTSI
KNX	- 0.0	PTSI

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HTLD	1.42	(0.30)	(0.47)	2.61	(3.03)	8.33
ULH	2.29	(0.73)	(0.52)	3.82	(5.35)	23.09
PTSI	0.00	0.00	0.00	0.00	0.00	0.00
SNDR	1.21	(0.37)	(0.46)	1.84	(3.06)	7.76
MRTN	1.25	(0.28)	(0.55)	2.82	(2.68)	7.62
CVLG	2.31	(1.03)	(0.88)	2.56	(3.35)	52.43
KNX	1.38	(0.25)	(0.30)	2.97	(2.70)	8.09
USX	0.00	0.00	0.00	0.00	0.00	0.00

Werner Enterprises Corporate Executives

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	CFO, Executive VP and Treasurer	Profile
Eric Downing	Executive COO	Profile
Derek Leathers	Pres and COO	Profile

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