West Fraser Correlations

WFG Stock

USD 98.17 0.30 0.30%

The current 90-days correlation between West Fraser Timber and Simpson Manufacturing is 0.53 (i.e., Very weak diversification). The correlation of West Fraser 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.

West Fraser Correlation With Market

Weak diversification

The correlation between West Fraser Timber and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West Fraser Timber 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 West Fraser Timber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with West Stock

0.8	SSD	Simpson Manufacturing	Pair Corr
0.83	UFPI	Ufp Industries	Pair Corr
0.7	CF	CF Industries Holdings	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.74	TX	Ternium SA ADR	Pair Corr

Moving against West Stock

0.47	MKDTY	Molecular Data	Pair Corr
0.47	NORNQ	Noranda Aluminum Holding	Pair Corr

Related Correlations Analysis

	SSD	EVA	IFSPF	UFPI	CFPZF	STLJF	CFXTF	ICLTF	SVCBF	WFSTF
SSD		0.16	0.75	0.82	0.71	0.02	0.25	0.53	0.23	0.59	SSD
EVA	0.16		0.43	0.27	0.34	0.34	0.11	0.58	0.33	0.6	EVA
IFSPF	0.75	0.43		0.8	0.87	-0.04	0.61	0.86	0.21	0.68	IFSPF
UFPI	0.82	0.27	0.8		0.85	-0.34	0.51	0.63	-0.02	0.45	UFPI
CFPZF	0.71	0.34	0.87	0.85		-0.33	0.55	0.78	-0.04	0.58	CFPZF
STLJF	0.02	0.34	-0.04	-0.34	-0.33		-0.38	0.01	0.72	0.41	STLJF
CFXTF	0.25	0.11	0.61	0.51	0.55	-0.38		0.62	-0.08	0.31	CFXTF
ICLTF	0.53	0.58	0.86	0.63	0.78	0.01	0.62		0.2	0.77	ICLTF
SVCBF	0.23	0.33	0.21	-0.02	-0.04	0.72	-0.08	0.2		0.47	SVCBF
WFSTF	0.59	0.6	0.68	0.45	0.58	0.41	0.31	0.77	0.47		WFSTF
	SSD	EVA	IFSPF	UFPI	CFPZF	STLJF	CFXTF	ICLTF	SVCBF	WFSTF

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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

CFPZF	+ 0.87	IFSPF
ICLTF	+ 0.86	IFSPF
CFPZF	+ 0.85	UFPI
UFPI	+ 0.82	SSD
UFPI	+ 0.8	IFSPF
ICLTF	+ 0.78	CFPZF

High negative correlations

CFXTF	- 0.38	STLJF
STLJF	- 0.34	UFPI
STLJF	- 0.33	CFPZF
SVCBF	- 0.08	CFXTF
SVCBF	- 0.04	CFPZF
STLJF	- 0.04	IFSPF

Risk-Adjusted Indicators

There is a big difference between West Stock performing well and West Fraser 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 West Fraser'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
SSD	1.31	(0.08)	(0.03)	0.05	1.92	(1.26)	3.11	(3.23)	11.18
EVA	3.86	0.32	0.01	(0.13)	4.18	(5.97)	8.16	(7.55)	42.76
IFSPF	1.78	0.21	0.08	0.38	1.90	(2.32)	4.85	(3.64)	16.08
UFPI	1.51	(0.05)	0.03	0.09	1.75	(1.79)	3.94	(2.35)	11.42
CFPZF	1.51	0.18	0.03	2.49	1.49	(2.11)	5.05	(3.30)	13.24
STLJF	1.15	(0.41)	0.00	(9.74)	0.00	0.00	2.28	(3.35)	18.20
CFXTF	10.88	6.42	0.00	(0.90)	0.00	0.00	0.00	0.00	359.02
ICLTF	4.08	0.88	0.15	(2.16)	3.88	(5.04)	9.66	(7.24)	33.48
SVCBF	0.33	(0.01)	0.00	(0.21)	0.00	0.00	1.36	0.00	9.94
WFSTF	1.96	0.10	(0.02)	(0.06)	2.41	(3.85)	5.41	(4.88)	17.71

West Fraser Corporate Management

Keith Carter	Vice President - Pulp and Energy Operations	Profile
Alan Caputo	Vice President - Human Resources	Profile
James Gorman	Vice President - Corporate and Government Relations	Profile
Janice Rennie	Independent Director	Profile
Alan McMeekin	Vice President European Engineered Wood Products	Profile
Scott Stubbington	Vice President Sales Engineered Wood Products	Profile
Charles Watkins	Vice President - Capital and Technology	Profile

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