WPP PLC Correlations
| WPP Stock | USD 40.32 0.10 0.25% |
The current 90-days correlation between WPP PLC ADR and Omnicom Group is 0.38 (i.e., Weak 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
Modest diversification
The correlation between WPP PLC ADR and DJI is 0.26 (i.e., Modest 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.
WPP |
Moving together with WPP Stock
| 0.63 | ANGHW | Anghami Warrants | PairCorr |
| 0.64 | WLYB | John Wiley Sons | PairCorr |
| 0.82 | ADD | Color Star Technology | PairCorr |
| 0.89 | ADV | Advantage Solutions Buyout Trend | PairCorr |
| 0.81 | AMC | AMC Entertainment Aggressive Push | PairCorr |
| 0.68 | CCO | Clear Channel Outdoor | PairCorr |
| 0.85 | CHR | Cheer Holding | PairCorr |
| 0.85 | CNK | Cinemark Holdings | PairCorr |
| 0.65 | DIS | Walt Disney | PairCorr |
| 0.88 | DUO | Fangdd Network Group | PairCorr |
| 0.71 | EEX | Emerald Expositions | PairCorr |
| 0.67 | EVC | Entravision Communications | PairCorr |
| 0.8 | GCI | Gannett | PairCorr |
| 0.77 | HHS | Harte Hanks | PairCorr |
| 0.62 | IAS | Integral Ad Science | PairCorr |
| 0.68 | IPG | Interpublic Group | PairCorr |
| 0.83 | LEE | Lee Enterprises | PairCorr |
| 0.87 | MCS | Marcus | PairCorr |
Moving against WPP Stock
| 0.47 | SE | Sea Potential Growth | PairCorr |
| 0.46 | CURIW | CuriosityStream | PairCorr |
| 0.46 | FOXA | Fox Corp Class | PairCorr |
| 0.43 | FOX | Fox Corp Class | PairCorr |
| 0.36 | PSO | Pearson PLC ADR | PairCorr |
| 0.31 | GTN | Gray Television | PairCorr |
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
| High negative correlations
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OMC | 1.06 | (0.11) | 0.00 | (0.29) | 0.00 | 1.91 | 5.91 | |||
| TSQ | 1.55 | (0.18) | 0.00 | (0.24) | 0.00 | 4.49 | 9.99 | |||
| CMPR | 2.13 | (0.81) | 0.00 | (0.98) | 0.00 | 4.08 | 11.06 | |||
| TZOO | 3.73 | (0.30) | 0.00 | (0.32) | 0.00 | 6.69 | 25.28 | |||
| IPG | 1.11 | (0.12) | 0.00 | (0.27) | 0.00 | 1.87 | 6.63 | |||
| ZD | 1.80 | (0.42) | 0.00 | (0.47) | 0.00 | 2.75 | 12.25 | |||
| CRTO | 1.75 | (0.11) | 0.00 | (0.18) | 0.00 | 2.96 | 22.21 | |||
| IAS | 1.46 | (0.18) | 0.00 | (0.29) | 0.00 | 1.95 | 14.44 | |||
| DLX | 1.66 | (0.44) | 0.00 | (0.49) | 0.00 | 2.40 | 14.33 | |||
| CYPXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |