WW International Correlations

WW Stock

USD 0.80 0.07 9.59%

The current 90-days correlation between WW International and Carriage Services is 0.09 (i.e., Significant diversification). The correlation of WW International 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.

WW International Correlation With Market

Good diversification

The correlation between WW International and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WW International 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 WW International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy WW International Stock please use our How to Invest in WW International guide.

Moving together with WW International Stock

0.69	CMG	Chipotle Mexican Grill	Pair Corr
0.68	GDHG	Golden Heaven Group	Pair Corr
0.74	GENK	GEN Restaurant Group,	Pair Corr
0.68	YTRA	Yatra Online	Pair Corr
0.78	KRUS	Kura Sushi USA	Pair Corr

Moving against WW International Stock

0.82	LTH	Life Time Group	Pair Corr
0.68	FAT	FAT Brands Earnings Call This Week	Pair Corr
0.6	BYD	Boyd Gaming	Pair Corr
0.59	EAT	Brinker International	Pair Corr
0.57	DRI	Darden Restaurants	Pair Corr
0.52	DPZ	Dominos Pizza Common	Pair Corr
0.49	CSV	Carriage Services	Pair Corr
0.43	LNW	Light Wonder	Pair Corr
0.41	FWRG	First Watch Restaurant	Pair Corr
0.33	FLUT	Flutter Entertainment plc	Pair Corr
0.31	FTDR	Frontdoor	Pair Corr
0.64	TNL	Travel Leisure	Pair Corr
0.62	NATH	Nathans Famous	Pair Corr
0.48	YUM	Yum Brands	Pair Corr
0.46	XPOF	Xponential Fitness Downward Rally	Pair Corr
0.44	OSW	OneSpaWorld Holdings	Pair Corr
0.39	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	HRB	SCI	ROL	CSV	MED	BFAM	DSEY	EM	MCW
HRB		0.78	0.23	-0.18	0.67	-0.25	0.0	-0.56	0.46	HRB
SCI	0.78		0.28	-0.12	0.83	-0.39	0.0	-0.74	0.44	SCI
ROL	0.23	0.28		0.57	-0.08	0.63	0.0	0.32	0.73	ROL
CSV	-0.18	-0.12	0.57		-0.32	0.62	0.0	0.5	0.42	CSV
MED	0.67	0.83	-0.08	-0.32		-0.57	0.0	-0.83	0.26	MED
BFAM	-0.25	-0.39	0.63	0.62	-0.57		0.0	0.78	0.34	BFAM
DSEY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DSEY
EM	-0.56	-0.74	0.32	0.5	-0.83	0.78	0.0		0.07	EM
MCW	0.46	0.44	0.73	0.42	0.26	0.34	0.0	0.07		MCW
	HRB	SCI	ROL	CSV	MED	BFAM	DSEY	EM	MCW

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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

MED	+ 0.83	SCI
SCI	+ 0.78	HRB
EM	+ 0.78	BFAM
MCW	+ 0.73	ROL
MED	+ 0.67	HRB
BFAM	+ 0.63	ROL

High negative correlations

EM	- 0.83	MED
EM	- 0.74	SCI
BFAM	- 0.57	MED
EM	- 0.56	HRB
BFAM	- 0.39	SCI
MED	- 0.32	CSV

Risk-Adjusted Indicators

There is a big difference between WW International Stock performing well and WW International 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 WW International'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
HRB	1.04	(0.03)	0.00	(0.06)	0.00	0.00	2.11	(2.27)	5.59
SCI	0.96	(0.08)	0.00	(0.13)	0.00	0.00	1.53	(2.78)	12.64
ROL	0.81	0.06	0.06	0.13	0.86	(0.99)	2.02	(1.63)	5.90
CSV	1.02	0.10	0.08	0.17	1.20	(1.07)	1.92	(2.09)	6.17
MED	2.12	(0.25)	0.00	(3.84)	0.00	0.00	4.66	(4.85)	18.13
BFAM	1.22	0.26	0.15	0.41	1.42	(1.24)	2.48	(2.32)	10.65
DSEY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EM	2.03	0.82	0.31	(13.40)	1.32	(3.63)	4.17	(3.95)	40.89
MCW	1.43	(0.02)	0.00	(0.03)	0.00	0.00	2.80	(2.94)	8.74

WW International Corporate Management

Corey Kinger	VP of Investor Relations Officer	Profile
Heather CPA	Chief Officer	Profile
Donna Boyer	Chief Officer	Profile
Gary Foster	Chief Officer	Profile
Tiffany Stevenson	Chief Officer	Profile
Amanda Tolleson	Chief Officer	Profile
Felicia DellaFortuna	Chief Officer	Profile

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