Worldline Correlations

WWLNF Stock

USD 9.00 0.00 0.00%

The current 90-days correlation between Worldline SA and New Relic is 0.01 (i.e., Significant diversification). The correlation of Worldline 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.

Worldline Correlation With Market

Good diversification

The correlation between Worldline SA 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 Worldline SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Worldline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worldline 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 Worldline - 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 Worldline SA to buy it.

Moving together with Worldline Pink Sheet

0.68	MSFT	Microsoft	Pair Corr
0.78	PLTR	Palantir Technologies	Pair Corr
0.61	CRWD	Crowdstrike Holdings	Pair Corr
0.86	VMW	VMware Inc	Pair Corr
0.67	FUN	Six Flags Entertainment	Pair Corr
0.64	FMCB	Farmers Merchants Bancorp	Pair Corr
0.8	VIASP	Via Renewables	Pair Corr
0.69	NWL	Newell Brands	Pair Corr
0.72	VRNT	Verint Systems	Pair Corr
0.9	AAPL	Apple Inc	Pair Corr
0.87	KULR	KULR Technology Group Trending	Pair Corr
0.91	RGTI	Rigetti Computing Trending	Pair Corr
0.8	IONQ	IONQ Inc Downward Rally	Pair Corr

Moving against Worldline Pink Sheet

0.9	SHG	Shinhan Financial	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.81	PPERY	Bank Mandiri Persero	Pair Corr
0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.76	PTBRY	Bank Negara Indonesia	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.74	BKRKY	Bank Rakyat	Pair Corr
0.74	PBCRF	PT Bank Central	Pair Corr
0.72	PBCRY	Bank Central Asia	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.55	ADBE	Adobe Systems	Pair Corr
0.37	SNPS	Synopsys	Pair Corr
0.31	ORCL	Oracle	Pair Corr
0.82	GTI	Graphjet Technology Symbol Change	Pair Corr
0.41	FFIE	Faraday Future Intel	Pair Corr

Related Correlations Analysis

	NEWR	EGIO	PAGS	VMW	DLO	DAVA	NTNX	SPLK	OKTA	CRWD
NEWR		0.07	0.35	-0.41	-0.58	-0.54	-0.44	-0.37	-0.57	-0.59	NEWR
EGIO	0.07		0.46	-0.51	-0.5	-0.52	-0.57	-0.73	-0.41	-0.69	EGIO
PAGS	0.35	0.46		-0.91	-0.84	-0.79	-0.08	-0.68	-0.74	-0.73	PAGS
VMW	-0.41	-0.51	-0.91		0.8	0.85	0.23	0.82	0.72	0.78	VMW
DLO	-0.58	-0.5	-0.84	0.8		0.84	0.35	0.73	0.78	0.88	DLO
DAVA	-0.54	-0.52	-0.79	0.85	0.84		0.36	0.76	0.82	0.85	DAVA
NTNX	-0.44	-0.57	-0.08	0.23	0.35	0.36		0.54	0.3	0.67	NTNX
SPLK	-0.37	-0.73	-0.68	0.82	0.73	0.76	0.54		0.62	0.83	SPLK
OKTA	-0.57	-0.41	-0.74	0.72	0.78	0.82	0.3	0.62		0.79	OKTA
CRWD	-0.59	-0.69	-0.73	0.78	0.88	0.85	0.67	0.83	0.79		CRWD
	NEWR	EGIO	PAGS	VMW	DLO	DAVA	NTNX	SPLK	OKTA	CRWD

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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

CRWD	+ 0.88	DLO
DAVA	+ 0.85	VMW
CRWD	+ 0.85	DAVA
DAVA	+ 0.84	DLO
CRWD	+ 0.83	SPLK
SPLK	+ 0.82	VMW

High negative correlations

VMW	- 0.91	PAGS
DLO	- 0.84	PAGS
DAVA	- 0.79	PAGS
OKTA	- 0.74	PAGS
CRWD	- 0.73	PAGS
SPLK	- 0.73	EGIO

Risk-Adjusted Indicators

There is a big difference between Worldline Pink Sheet performing well and Worldline 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 Worldline'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
NEWR	1.58	(0.02)	0.00	0.03	0.00	0.00	2.68	(3.35)	18.35
EGIO	4,041	2,118	41.01	22.30	52.53	(7,045)	300.00	(92.65)	100,000
PAGS	1.79	(0.52)	0.00	(2.04)	0.00	0.00	3.53	(4.82)	13.85
VMW	1.27	0.35	0.28	1.67	0.90	(1.54)	4.04	(2.18)	7.26
DLO	2.16	0.56	0.22	(3.05)	2.00	(2.24)	6.30	(3.40)	16.14
DAVA	1.98	0.28	0.13	(64.75)	1.96	(2.30)	5.96	(3.94)	12.96
NTNX	1.79	0.06	0.03	0.13	2.13	(2.25)	3.95	(3.94)	13.29
SPLK	1.63	0.19	0.09	0.31	1.70	(1.91)	4.36	(3.33)	10.70
OKTA	1.49	0.10	0.05	0.96	1.81	(1.61)	3.43	(3.01)	10.08
CRWD	1.99	0.29	0.12	0.65	2.21	(2.12)	4.11	(3.30)	12.79

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Our tools can tell you how much better you can do entering a position in Worldline 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.

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