WillScot Mobile Correlations
| WS11 Stock | EUR 27.60 0.40 1.43% |
The current 90-days correlation between WillScot Mobile Mini and Hitachi Construction Machinery is 0.1 (i.e., Average diversification). The correlation of WillScot Mobile 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.
WillScot Mobile Correlation With Market
Good diversification
The correlation between WillScot Mobile Mini and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WillScot Mobile Mini and DJI in the same portfolio, assuming nothing else is changed.
WillScot |
The ability to find closely correlated positions to WillScot Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WillScot Mobile 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 WillScot Mobile - 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 WillScot Mobile Mini to buy it.
Moving together with WillScot Stock
| 0.87 | UR3 | United Rentals | PairCorr |
| 0.91 | 0LC | Ashtead Group plc | PairCorr |
| 0.89 | AUK | AMERCO | PairCorr |
| 0.91 | CUCA | Avis Budget Group | PairCorr |
| 0.73 | 61F | ELEMENT FLEET MGMT | PairCorr |
| 0.69 | LYV | Lundin Energy AB | PairCorr |
| 0.93 | SWTF | Intouch Holdings Public | PairCorr |
| 0.71 | HHX | HAMMONIA Schiffsholding | PairCorr |
Moving against WillScot Stock
| 0.46 | 3AL | ALD SA | PairCorr |
| 0.46 | B5R | Berkeley Energia | PairCorr |
| 0.38 | SIX2 | Sixt SE Earnings Call Today | PairCorr |
| 0.36 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.74 | TKA | thyssenkrupp AG | PairCorr |
| 0.63 | BSN | Danone SA | PairCorr |
| 0.62 | 5TP | BLUE LABEL | PairCorr |
| 0.61 | JYS1 | JYSKE BANK | PairCorr |
| 0.52 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.35 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.33 | T62 | TOHO ZINC LTD | 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 WillScot Stock performing well and WillScot Mobile 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 WillScot Mobile'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NRSA | 1.34 | 0.13 | 0.09 | 0.53 | 1.62 | 3.26 | 6.79 | |||
| AY5 | 0.90 | 0.09 | 0.08 | 0.54 | 0.84 | 2.35 | 6.95 | |||
| EK7A | 1.27 | 0.32 | 0.15 | 0.91 | 1.55 | 3.23 | 10.14 | |||
| HCM | 1.62 | 0.32 | 0.14 | (4.94) | 1.93 | 3.33 | 8.41 | |||
| DFA1 | 1.70 | (0.02) | 0.00 | 0.20 | 0.00 | 3.13 | 15.40 | |||
| NNR | 1.06 | (0.04) | 0.00 | (2.28) | 0.00 | 1.53 | 8.20 | |||
| A35 | 1.16 | (0.12) | 0.00 | (0.31) | 0.00 | 2.50 | 11.85 | |||
| 3GH | 1.38 | 0.04 | 0.04 | 3.25 | 1.55 | 3.91 | 8.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in WillScot Mobile 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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WillScot Mobile Corporate Management
Elected by the shareholders, the WillScot Mobile's board of directors comprises two types of representatives: WillScot Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WillScot. The board's role is to monitor WillScot Mobile's management team and ensure that shareholders' interests are well served. WillScot Mobile'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, WillScot Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sara Dial | Director | Profile | |
| Jeffrey Sagansky | Non-Executive Independent Director | Profile | |
| Michael Rose | Investor Contact | Profile | |
| Sally Shanks | Chief Accounting Officer, Treasurer | Profile | |
| Gerard Holthaus | Non-Executive Independent Chairman of the Board | Profile | |
| Erik Olsson | Chairman of the Board | Profile |