John Wood Correlations

Stocks UK . 
Stock . John Wood Group
WG Stock   44.18  0.40  0.90%   
The current 90-days correlation between John Wood Group and Wizz Air Holdings is -0.08 (i.e., Good diversification). The correlation of John Wood 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.

John Wood Correlation With Market

Good diversification

The correlation between John Wood Group and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Wood Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to John Wood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John Wood 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 John Wood - 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 John Wood Group to buy it.

Moving together with John Stock

  0.630LD8 Target CorpPairCorr

Moving against John Stock

  0.790J6X Teleperformance SEPairCorr
  0.710P6N Volkswagen AGPairCorr
  0.710P6O Volkswagen AG NonPairCorr
  0.710ROM Gestamp AutomocionPairCorr
  0.690JS2 KrogerPairCorr
  0.66JADE Jade Road InvestmentsPairCorr
  0.64HSBK Halyk BankPairCorr
  0.630Y5F Endo International PLCPairCorr
  0.610H3Q Deutsche Post AGPairCorr
  0.420VSO BYD Co Earnings Call This WeekPairCorr
  0.38SLP Sylvania PlatinumPairCorr
  0.88TOWN Town Centre SecuritiesPairCorr
  0.72COD Compagnie de SaintPairCorr
  0.670K8W DerichebourgPairCorr
  0.67DSG Dillistone GroupPairCorr
  0.66JMAT Johnson Matthey PLCPairCorr
  0.62HSBK Halyk BankPairCorr
  0.58SMSN Samsung ElectronicsPairCorr
  0.48JARA Jpmorgan Global CorePairCorr
  0.440E5M De Longhi SpAPairCorr
  0.42ATYM Atalaya MiningPairCorr
  0.390LQQ Vodafone Group PLCPairCorr
  0.39RBN Robinson plcPairCorr
  0.370F08 Kongsberg Gruppen ASAPairCorr
  0.33AEX Aminex PLCPairCorr
  0.330LJ9 United States SteelPairCorr

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   
0EG8
+ 0.92
0JZZ
0EG8
+ 0.81
WIZZ
0JZZ
+ 0.74
WIZZ
0RIP
+ 0.72
OBI
0HMG
+ 0.71
SYNT
0QZ4
+ 0.45
SYNT
  
High negative correlations   
0HMG
- 0.83
0JZZ
0EG8
- 0.78
0HMG
0EG8
- 0.72
0QZ4
0QZ4
- 0.65
0JZZ
0EG8
- 0.65
SYNT
0JZZ
- 0.65
SYNT

Risk-Adjusted Indicators

There is a big difference between John Stock performing well and John Wood 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 John Wood'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in John Wood 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 Money Managers Now

   

Money Managers

Screen money managers from public funds and ETFs managed around the world
All  Next Launch Module

John Wood Corporate Management

Elected by the shareholders, the John Wood's board of directors comprises two types of representatives: John Wood inside directors who are chosen from within the company, and outside directors, selected externally and held independent of John. The board's role is to monitor John Wood's management team and ensure that shareholders' interests are well served. John Wood's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, John Wood's outside directors are responsible for providing unbiased perspectives on the board's policies.
Craig ShanagheyExecutive ProjectsProfile
Jennifer RichmondAssurance SustainabilityProfile
Lesley BirseEx OrganisationProfile
Marla StormChief OfficerProfile
Carl CatfieldGroup TaxationProfile
Arvind BalanChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY