Widepoint Correlations

WYY Stock

USD 3.56 0.12 3.26%

The current 90-days correlation between Widepoint C and Data Storage Corp is 0.1 (i.e., Average diversification). The correlation of Widepoint 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.

Widepoint Correlation With Market

Weak diversification

The correlation between Widepoint C and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Widepoint C 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 Widepoint C. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Widepoint Stock

0.67	PSN	Parsons Corp	Pair Corr
0.8	VYX	NCR Voyix	Pair Corr
0.65	INFY	Infosys Ltd ADR	Pair Corr
0.61	VEEAW	Veea Inc Symbol Change	Pair Corr

Moving against Widepoint Stock

0.66	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.63	IBEX	IBEX	Pair Corr
0.52	FI	Fiserv,	Pair Corr
0.51	IBM	International Business	Pair Corr
0.41	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.36	KD	Kyndryl Holdings	Pair Corr
0.51	MGIC	Magic Software Enter	Pair Corr
0.51	CLPS	CLPS Inc	Pair Corr
0.38	CTSH	Cognizant Technology	Pair Corr
0.37	ARBB	ARB IOT Group	Pair Corr
0.34	NOTE	FiscalNote Holdings	Pair Corr
0.31	BBAI	BigBearai Holdings	Pair Corr

Related Correlations Analysis

	WAVD	DTST	USIO	AGIL	PRFT	ARBB	NOTE	GIB	CTM	SLNH
WAVD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WAVD
DTST	0.0		0.43	0.0	0.0	-0.44	0.14	0.37	-0.21	0.86	DTST
USIO	0.0	0.43		0.0	0.0	-0.07	0.51	0.25	0.06	0.23	USIO
AGIL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AGIL
PRFT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PRFT
ARBB	0.0	-0.44	-0.07	0.0	0.0		-0.32	-0.59	0.29	-0.49	ARBB
NOTE	0.0	0.14	0.51	0.0	0.0	-0.32		0.66	0.08	-0.07	NOTE
GIB	0.0	0.37	0.25	0.0	0.0	-0.59	0.66		-0.27	0.27	GIB
CTM	0.0	-0.21	0.06	0.0	0.0	0.29	0.08	-0.27		-0.31	CTM
SLNH	0.0	0.86	0.23	0.0	0.0	-0.49	-0.07	0.27	-0.31		SLNH
	WAVD	DTST	USIO	AGIL	PRFT	ARBB	NOTE	GIB	CTM	SLNH

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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

SLNH	+ 0.86	DTST
GIB	+ 0.66	NOTE
NOTE	+ 0.51	USIO
USIO	+ 0.43	DTST
GIB	+ 0.37	DTST
CTM	+ 0.29	ARBB

High negative correlations

GIB	- 0.59	ARBB
SLNH	- 0.49	ARBB
ARBB	- 0.44	DTST
NOTE	- 0.32	ARBB
SLNH	- 0.31	CTM
CTM	- 0.27	GIB

Risk-Adjusted Indicators

There is a big difference between Widepoint Stock performing well and Widepoint 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 Widepoint'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
WAVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DTST	2.98	(0.31)	0.00	(0.41)	0.00	0.00	4.96	(7.56)	19.95
USIO	4.35	0.24	0.05	0.22	4.63	(6.16)	8.97	(7.84)	51.62
AGIL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARBB	6.67	1.48	0.13	0.27	6.98	(10.27)	25.97	(11.59)	86.54
NOTE	6.73	0.86	0.10	0.23	6.53	(8.01)	15.33	(9.66)	43.16
GIB	0.98	(0.08)	0.00	(0.22)	0.00	0.00	1.83	(2.57)	9.95
CTM	14.31	3.97	0.36	10.47	9.72	(21.79)	36.67	(18.37)	168.70
SLNH	5.67	(1.39)	0.00	(1.59)	0.00	0.00	10.31	(14.57)	39.03

Widepoint Corporate Executives

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

	Robert George	Executive CFO	Profile
	Ian Sparling	Interim Chief Financial Officer	Profile

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