Willdan Correlations

WLDN Stock

USD 43.06 0.00 0.00%

The current 90-days correlation between Willdan Group and Matrix Service Co is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Willdan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willdan Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Willdan Correlation With Market

Modest diversification

The correlation between Willdan Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willdan Group 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 Willdan Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Willdan Stock

0.75	NL	NL Industries	Pair Corr
0.84	III	Information Services Tech Boost	Pair Corr

Moving against Willdan Stock

0.38	CBZ	CBIZ Inc	Pair Corr
0.55	PBI	Pitney Bowes	Pair Corr
0.41	WCN	Waste Connections	Pair Corr
0.39	RSG	Republic Services	Pair Corr
0.39	RTO	Rentokil Initial PLC	Pair Corr
0.37	UNF	Unifirst Earnings Call This Week	Pair Corr
0.33	KAR	KAR Auction Services	Pair Corr
0.31	MEG	Montrose Environmental	Pair Corr
0.31	ROL	Rollins	Pair Corr
0.64	IIIV	i3 Verticals	Pair Corr
0.54	TISI	Team Inc	Pair Corr
0.38	LQDT	Liquidity Services	Pair Corr
0.37	PYCR	Paycor HCM Sell-off Trend	Pair Corr

Related Correlations Analysis

	SNCAF	WSPOF	FIX	MYRG	MTRX	GVA	AMRC	ROAD	GLDD	KBR
SNCAF		0.5	0.87	0.83	0.44	0.85	0.75	0.72	0.79	0.66	SNCAF
WSPOF	0.5		0.17	0.22	0.37	0.3	0.16	0.07	0.1	-0.1	WSPOF
FIX	0.87	0.17		0.87	0.45	0.9	0.82	0.83	0.9	0.84	FIX
MYRG	0.83	0.22	0.87		0.22	0.92	0.85	0.94	0.93	0.86	MYRG
MTRX	0.44	0.37	0.45	0.22		0.37	0.23	0.1	0.33	0.1	MTRX
GVA	0.85	0.3	0.9	0.92	0.37		0.89	0.87	0.89	0.79	GVA
AMRC	0.75	0.16	0.82	0.85	0.23	0.89		0.88	0.87	0.82	AMRC
ROAD	0.72	0.07	0.83	0.94	0.1	0.87	0.88		0.91	0.92	ROAD
GLDD	0.79	0.1	0.9	0.93	0.33	0.89	0.87	0.91		0.9	GLDD
KBR	0.66	-0.1	0.84	0.86	0.1	0.79	0.82	0.92	0.9		KBR
	SNCAF	WSPOF	FIX	MYRG	MTRX	GVA	AMRC	ROAD	GLDD	KBR

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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

ROAD	+ 0.94	MYRG
GLDD	+ 0.93	MYRG
GVA	+ 0.92	MYRG
KBR	+ 0.92	ROAD
GLDD	+ 0.91	ROAD
GVA	+ 0.9	FIX

High negative correlations

KBR

- 0.1

WSPOF

Risk-Adjusted Indicators

There is a big difference between Willdan Stock performing well and Willdan 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 Willdan'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
SNCAF	1.68	0.00	0.00	(0.07)	0.00	0.00	4.47	(3.45)	16.91
WSPOF	1.31	0.04	0.00	(0.04)	0.00	0.00	2.18	(2.74)	7.97
FIX	2.75	(0.21)	0.00	(0.21)	0.00	0.00	5.37	(5.90)	31.92
MYRG	2.39	(0.31)	0.00	(0.36)	0.00	0.00	4.57	(5.73)	16.92
MTRX	2.31	0.17	0.05	0.06	2.88	(2.55)	4.67	(5.17)	14.29
GVA	1.37	(0.29)	0.00	(0.37)	0.00	0.00	2.25	(2.86)	8.39
AMRC	3.99	(0.76)	0.00	(0.87)	0.00	0.00	7.14	(7.78)	45.05
ROAD	2.23	(0.28)	0.00	(0.38)	0.00	0.00	4.39	(5.81)	16.21
GLDD	2.47	(0.33)	0.00	(0.32)	0.00	0.00	3.70	(5.61)	22.28
KBR	1.32	(0.15)	0.00	(0.29)	0.00	0.00	2.14	(3.05)	7.77

Willdan Corporate Management

Michael Bieber	Sr. VP of Corporate Devel.	Profile
Albert CPA	Vice Relations	Profile
Micah JD	Executive Counsel	Profile
Micah Chen	Executive Counsel	Profile
Daniel PE	Advisor	Profile

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