WAGNERS HOLDING Correlations

0W7 Stock

EUR 0.94 0.01 1.08%

The current 90-days correlation between WAGNERS HOLDING LTD and FIRST SHIP LEASE is -0.16 (i.e., Good diversification). The correlation of WAGNERS HOLDING 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.

WAGNERS HOLDING Correlation With Market

Average diversification

The correlation between WAGNERS HOLDING LTD and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WAGNERS HOLDING LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WAGNERS Stock

0.66	6EQ	EQT AB	Pair Corr
0.64	DBPE	Xtrackers LevDAX	Pair Corr

Moving against WAGNERS Stock

0.57

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	CDZ0	UR3	LJ9	LNSX	GLJ	AVLA	32P
CDZ0		-0.59	0.72	-0.7	0.13	-0.33	0.43	CDZ0
UR3	-0.59		-0.83	0.58	0.08	0.31	-0.75	UR3
LJ9	0.72	-0.83		-0.67	0.09	-0.4	0.61	LJ9
LNSX	-0.7	0.58	-0.67		0.11	0.04	-0.32	LNSX
GLJ	0.13	0.08	0.09	0.11		-0.7	-0.21	GLJ
AVLA	-0.33	0.31	-0.4	0.04	-0.7		-0.1	AVLA
32P	0.43	-0.75	0.61	-0.32	-0.21	-0.1		32P
	CDZ0	UR3	LJ9	LNSX	GLJ	AVLA	32P

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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

LJ9	+ 0.72	CDZ0
32P	+ 0.61	LJ9
LNSX	+ 0.58	UR3
32P	+ 0.43	CDZ0
AVLA	+ 0.31	UR3
GLJ	+ 0.13	CDZ0

High negative correlations

LJ9	- 0.83	UR3
32P	- 0.75	UR3
AVLA	- 0.7	GLJ
LNSX	- 0.7	CDZ0
LNSX	- 0.67	LJ9
UR3	- 0.59	CDZ0

Risk-Adjusted Indicators

There is a big difference between WAGNERS Stock performing well and WAGNERS HOLDING 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 WAGNERS HOLDING'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
CDZ0	2.22	0.34	0.09	(1.90)	2.17	(3.06)	6.56	(3.94)	15.65
UR3	1.49	(0.25)	0.00	(0.51)	0.00	0.00	3.29	(3.17)	8.94
LJ9	2.03	0.44	0.15	(28.25)	1.65	(3.30)	7.65	(3.54)	13.69
LNSX	1.05	(0.16)	0.00	(0.78)	0.00	0.00	3.78	(3.65)	8.47
GLJ	1.47	(0.12)	0.00	(0.27)	0.00	0.00	3.70	(3.01)	7.52
AVLA	1.08	0.01	(0.02)	0.09	1.31	(1.32)	2.65	(2.63)	7.93
32P	1.32	0.10	0.00	(0.20)	1.77	(1.59)	3.05	(3.27)	14.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in WAGNERS HOLDING 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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WAGNERS HOLDING Corporate Management

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

Shane Charles	General Manager - Strategy and Development	Profile
Andrew Macqueen	Head of Safety, Environment and Quality	Profile
Hugh Stone	Group Manager - Safety, Environment & Quality	Profile
Anthony Freer	General Manager - South East Queensland	Profile
Denis Wagner	Non-Executive Chairman of the Board	Profile

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