WPP PLC Correlations

WPP Stock

USD 48.46 0.24 0.50%

The current 90-days correlation between WPP PLC ADR and Omnicom Group is 0.07 (i.e., Significant diversification). The correlation of WPP PLC 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WPP PLC Correlation With Market

Weak diversification

The correlation between WPP PLC ADR and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WPP PLC ADR 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 WPP PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WPP Stock

0.8	WLYB	John Wiley Sons Earnings Call Next Week	Pair Corr
0.78	AMC	AMC Entertainment Earnings Call Tomorrow	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.64	GCI	Gannett	Pair Corr
0.7	IAS	Integral Ad Science	Pair Corr
0.85	MCS	Marcus Earnings Call Tomorrow	Pair Corr
0.84	TSQ	Townsquare Media	Pair Corr
0.73	MDIA	Mediaco Holding	Pair Corr
0.64	CMCSA	Comcast Corp	Pair Corr

Moving against WPP Stock

0.46	FOX	Fox Corp Class	Pair Corr
0.33	CURIW	CuriosityStream	Pair Corr
0.31	VSME	VS Media Holdings	Pair Corr
0.69	MATH	Metalpha Technology	Pair Corr
0.5	KUKE	Kuke Music Holding	Pair Corr
0.82	ABLV	Able View Global	Pair Corr
0.38	RDIB	Reading International	Pair Corr

Related Correlations Analysis

	OMC	TSQ	CMPR	TZOO	IPG	ZD	CRTO	IAS	DLX	CYPXF
OMC		0.77	0.7	-0.49	0.53	0.73	-0.03	0.72	0.57	0.0	OMC
TSQ	0.77		0.74	-0.22	0.68	0.85	0.22	0.55	0.61	0.0	TSQ
CMPR	0.7	0.74		-0.25	0.64	0.84	-0.33	0.25	0.91	0.0	CMPR
TZOO	-0.49	-0.22	-0.25		-0.16	-0.06	0.3	-0.2	-0.11	0.0	TZOO
IPG	0.53	0.68	0.64	-0.16		0.7	0.03	0.44	0.63	0.0	IPG
ZD	0.73	0.85	0.84	-0.06	0.7		0.11	0.58	0.77	0.0	ZD
CRTO	-0.03	0.22	-0.33	0.3	0.03	0.11		0.44	-0.4	0.0	CRTO
IAS	0.72	0.55	0.25	-0.2	0.44	0.58	0.44		0.21	0.0	IAS
DLX	0.57	0.61	0.91	-0.11	0.63	0.77	-0.4	0.21		0.0	DLX
CYPXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CYPXF
	OMC	TSQ	CMPR	TZOO	IPG	ZD	CRTO	IAS	DLX	CYPXF

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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

DLX	+ 0.91	CMPR
ZD	+ 0.85	TSQ
ZD	+ 0.84	CMPR
TSQ	+ 0.77	OMC
DLX	+ 0.77	ZD
CMPR	+ 0.74	TSQ

High negative correlations

TZOO	- 0.49	OMC
DLX	- 0.4	CRTO
CRTO	- 0.33	CMPR
TZOO	- 0.25	CMPR
TZOO	- 0.22	TSQ
IAS	- 0.2	TZOO

Risk-Adjusted Indicators

There is a big difference between WPP Stock performing well and WPP PLC 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 WPP PLC'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OMC	1.04	(0.23)	(0.32)	1.92	(2.27)	13.14
TSQ	1.45	(0.17)	(0.66)	4.42	(3.12)	9.99
CMPR	2.12	(0.63)	(1.15)	3.95	(5.34)	11.06
TZOO	3.29	(0.53)	0.39	6.69	(8.25)	18.99
IPG	1.02	(0.14)	(0.21)	1.85	(2.51)	6.79
ZD	1.34	(0.25)	(0.26)	2.11	(2.84)	6.68
CRTO	1.58	(0.07)	(0.05)	2.96	(3.95)	22.21
IAS	1.21	(0.05)	(0.08)	2.58	(2.41)	10.14
DLX	1.59	(0.47)	(0.42)	2.35	(3.56)	14.33
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00

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