Winmark Correlations

Stocks . USA . 
Stock . Winmark
WINA Stock  USD 322.57  7.37  2.34%   
The current 90-days correlation between Winmark and Mesa Laboratories is 0.46 (i.e., Very weak diversification). The correlation of Winmark 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.

Winmark Correlation With Market

Very weak diversification

The correlation between Winmark and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Winmark 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 Winmark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Winmark Stock refer to our How to Trade Winmark Stock guide.

Moving together with Winmark Stock

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Moving against Winmark Stock

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Related Correlations Analysis

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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   
USLM
+ 0.79
UTMD
USLM
+ 0.79
DHIL
WEYS
+ 0.64
UTMD
DHIL
+ 0.59
UTMD
WEYS
+ 0.5
MLAB
USLM
+ 0.5
WEYS
  
High negative correlations   
DHIL
- 0.35
MLAB
USLM
- 0.27
MLAB

Risk-Adjusted Indicators

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

Winmark Corporate Executives

Elected by the shareholders, the Winmark's board of directors comprises two types of representatives: Winmark inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Winmark. The board's role is to monitor Winmark's management team and ensure that shareholders' interests are well served. Winmark'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, Winmark's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anthony IshaugCFO and TreasurerProfile
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