Wirecard Correlations
| WRCDF Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between Wirecard AG and NMC Health PLC is 0.02 (i.e., Significant diversification). The correlation of Wirecard 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.
Wirecard Correlation With Market
Average diversification
The correlation between Wirecard AG and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wirecard AG and DJI in the same portfolio, assuming nothing else is changed.
Wirecard |
The ability to find closely correlated positions to Wirecard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wirecard 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 Wirecard - 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 Wirecard AG to buy it.
Moving against Wirecard Pink Sheet
| 0.53 | INTU | Intuit Inc | PairCorr |
| 0.35 | MSTR | MicroStrategy Incorporated Buyout Trend | PairCorr |
| 0.31 | SHOP | Shopify | PairCorr |
| 0.31 | DASH | DoorDash, Class A | PairCorr |
| 0.41 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.38 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.33 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.33 | RCMT | RCM Technologies | PairCorr |
Related Correlations Analysis
| 0.6 | -0.14 | 0.25 | 0.68 | NMHLY | ||
| 0.6 | -0.31 | 0.47 | 0.9 | CIOXY | ||
| -0.14 | -0.31 | -0.29 | -0.48 | WHGRF | ||
| 0.25 | 0.47 | -0.29 | 0.38 | WTCZF | ||
| 0.68 | 0.9 | -0.48 | 0.38 | MAPT | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Wirecard Pink Sheet performing well and Wirecard 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 Wirecard'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMHLY | 4.10 | (1.53) | 0.00 | (17.29) | 0.00 | 0.00 | 110.00 | |||
| CIOXY | 2.92 | (0.10) | 0.00 | (0.50) | 0.00 | 3.09 | 49.15 | |||
| WHGRF | 0.52 | 0.13 | 0.00 | 1.07 | 0.00 | 2.63 | 8.95 | |||
| WTCZF | 16.10 | 2.92 | 0.07 | (0.37) | 19.68 | 93.88 | 177.10 | |||
| MAPT | 6.01 | 1.44 | 0.00 | 0.25 | 0.00 | 0.00 | 75.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wirecard 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?
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Wirecard Corporate Management
| Deirdre Ives | Managing Director | Profile | |
| Bradley Fauss | G Counsel | Profile | |
| Iris Stckl | VP IR | Profile | |
| Jrg Mller | Ex Travel | Profile | |
| Christian Reindl | Ex Goods | Profile | |
| Georg Waldenfels | Ex Solutions | Profile | |
| Linda Fruh | Head Innovations | Profile |