World Acceptance Correlations

WRLD Stock

USD 125.40 0.30 0.24%

The current 90-days correlation between World Acceptance and Green Dot is 0.29 (i.e., Modest diversification). The correlation of World Acceptance 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.

World Acceptance Correlation With Market

Very weak diversification

The correlation between World Acceptance and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Acceptance 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 World Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade World Stock refer to our How to Trade World Stock guide.

Moving together with World Stock

0.76	V	Visa Class A	Pair Corr
0.83	MA	Mastercard Sell-off Trend	Pair Corr
0.66	MS	Morgan Stanley	Pair Corr
0.77	COF	Capital One Financial	Pair Corr
0.8	OPFI	OppFi Inc	Pair Corr
0.72	ALLY	Ally Financial Normal Trading	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.67	FG	FG Annuities Life	Pair Corr
0.83	GS	Goldman Sachs Group	Pair Corr

Moving against World Stock

0.46	DHIL	Diamond Hill Investment	Pair Corr
0.71	EG	Everest Group	Pair Corr
0.5	TW	Tradeweb Markets Normal Trading	Pair Corr

Related Correlations Analysis

	FCFS	ENVA	GDOT	MFIN	IX	CPSS	EZPW	SLM	NAVI
FCFS		0.12	-0.66	-0.57	-0.15	-0.33	0.79	0.71	0.46	FCFS
ENVA	0.12		0.39	0.01	-0.02	0.79	-0.1	0.26	0.46	ENVA
GDOT	-0.66	0.39		0.5	0.07	0.66	-0.5	-0.26	-0.21	GDOT
MFIN	-0.57	0.01	0.5		0.53	0.34	-0.72	-0.68	-0.23	MFIN
IX	-0.15	-0.02	0.07	0.53		-0.1	-0.16	-0.23	-0.05	IX
CPSS	-0.33	0.79	0.66	0.34	-0.1		-0.53	-0.13	0.25	CPSS
EZPW	0.79	-0.1	-0.5	-0.72	-0.16	-0.53		0.77	0.19	EZPW
SLM	0.71	0.26	-0.26	-0.68	-0.23	-0.13	0.77		0.47	SLM
NAVI	0.46	0.46	-0.21	-0.23	-0.05	0.25	0.19	0.47		NAVI
	FCFS	ENVA	GDOT	MFIN	IX	CPSS	EZPW	SLM	NAVI

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

EZPW	+ 0.79	FCFS
CPSS	+ 0.79	ENVA
SLM	+ 0.77	EZPW
SLM	+ 0.71	FCFS
CPSS	+ 0.66	GDOT
IX	+ 0.53	MFIN

High negative correlations

EZPW	- 0.72	MFIN
SLM	- 0.68	MFIN
GDOT	- 0.66	FCFS
MFIN	- 0.57	FCFS
EZPW	- 0.53	CPSS
EZPW	- 0.5	GDOT

Risk-Adjusted Indicators

There is a big difference between World Stock performing well and World Acceptance 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 World Acceptance'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
FCFS	0.91	0.25	0.24	0.44	0.92	(1.01)	2.21	(1.75)	6.71
ENVA	1.67	0.14	0.05	0.02	2.06	(1.71)	3.54	(3.21)	8.86
GDOT	2.49	(0.32)	0.00	(0.32)	0.00	0.00	3.80	(5.87)	20.44
MFIN	1.59	(0.02)	0.00	(0.09)	0.00	0.00	2.74	(3.87)	11.14
IX	0.96	0.08	0.06	0.05	1.59	(0.98)	1.82	(2.17)	7.70
CPSS	1.88	(0.17)	0.00	(0.20)	0.00	0.00	2.95	(3.62)	12.39
EZPW	1.36	0.36	0.30	0.72	1.01	(1.72)	3.45	(1.92)	10.95
SLM	1.36	0.21	0.13	0.14	1.42	(1.50)	3.36	(2.80)	8.92
NAVI	1.39	0.11	0.05	0.03	1.85	(1.39)	2.47	(3.27)	8.62

World Acceptance Corporate Executives

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

John Calmes

CFO, Sr. VP and Treasurer

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC