Western Union Correlations

WU Stock

USD 10.64 0.10 0.93%

The current 90-days correlation between Western Union and Navient Corp is 0.37 (i.e., Weak diversification). The correlation of Western Union 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.

Western Union Correlation With Market

Modest diversification

The correlation between Western Union Co and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Union Co 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 Western Union Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving against Western Stock

0.55	SF	Stifel Financial	Pair Corr
0.54	MC	Moelis	Pair Corr
0.52	AMG	Affiliated Managers	Pair Corr
0.51	ECPG	Encore Capital Group	Pair Corr
0.46	RC	Ready Capital Corp	Pair Corr
0.4	MS	Morgan Stanley	Pair Corr
0.31	ABR	Arbor Realty Trust	Pair Corr
0.56	EVR	Evercore Partners	Pair Corr
0.56	FOA	Finance of America	Pair Corr
0.54	AXP	American Express Sell-off Trend	Pair Corr
0.54	JEF	Jefferies Financial Normal Trading	Pair Corr
0.52	PWP	Perella Weinberg Partners	Pair Corr
0.49	HLI	Houlihan Lokey	Pair Corr
0.45	STT	State Street Corp	Pair Corr
0.35	LAZ	Lazard	Pair Corr
0.34	COF	Capital One Financial	Pair Corr
0.33	CNF	CNFinance Holdings	Pair Corr
0.31	PJT	PJT Partners Normal Trading	Pair Corr

Related Correlations Analysis

	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP
NAVI		0.11	0.22	0.23	0.35	0.49	0.34	0.3	0.38	0.28	NAVI
GDOT	0.11		0.21	-0.71	0.12	0.21	0.3	0.82	0.11	0.52	GDOT
IX	0.22	0.21		-0.24	-0.22	0.04	0.17	0.16	-0.22	-0.01	IX
FCFS	0.23	-0.71	-0.24		0.21	0.28	-0.12	-0.46	0.28	-0.2	FCFS
DFS	0.35	0.12	-0.22	0.21		0.9	0.44	0.56	0.99	0.85	DFS
ALLY	0.49	0.21	0.04	0.28	0.9		0.45	0.63	0.91	0.82	ALLY
SYF-PA	0.34	0.3	0.17	-0.12	0.44	0.45		0.42	0.44	0.48	SYF-PA
BFH	0.3	0.82	0.16	-0.46	0.56	0.63	0.42		0.54	0.86	BFH
COF	0.38	0.11	-0.22	0.28	0.99	0.91	0.44	0.54		0.82	COF
AXP	0.28	0.52	-0.01	-0.2	0.85	0.82	0.48	0.86	0.82		AXP
	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP

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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

COF	+ 0.99	DFS
COF	+ 0.91	ALLY
ALLY	+ 0.9	DFS
AXP	+ 0.86	BFH
AXP	+ 0.85	DFS
BFH	+ 0.82	GDOT

High negative correlations

FCFS	- 0.71	GDOT
BFH	- 0.46	FCFS
FCFS	- 0.24	IX
COF	- 0.22	IX
DFS	- 0.22	IX
AXP	- 0.2	FCFS

Risk-Adjusted Indicators

There is a big difference between Western Stock performing well and Western Union 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 Western Union'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
NAVI	1.53	(0.07)	0.00	(0.14)	0.00	0.00	2.47	(3.48)	9.49
GDOT	2.45	(0.45)	0.00	(0.57)	0.00	0.00	3.80	(6.21)	20.44
IX	0.98	0.01	0.00	(0.06)	0.00	0.00	1.82	(2.17)	7.70
FCFS	0.98	0.14	0.13	0.41	1.27	(1.02)	2.41	(2.20)	6.71
DFS	1.88	0.03	0.00	(0.05)	0.00	0.00	3.70	(4.57)	11.21
ALLY	1.48	0.07	0.00	(0.03)	0.00	0.00	3.30	(3.67)	10.23
SYF-PA	0.67	(0.05)	0.00	(0.28)	0.00	0.00	1.41	(1.49)	5.87
BFH	1.74	(0.42)	0.00	12.14	0.00	0.00	3.55	(4.46)	8.63
COF	1.67	0.03	0.00	(0.05)	0.00	0.00	3.23	(3.85)	9.74
AXP	1.27	(0.05)	0.00	(0.11)	0.00	0.00	2.30	(3.15)	8.33

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