WindowMaster International Correlations

9FF0 Stock   125.00  3.00  2.34%   
The current 90-days correlation between WindowMaster International and Inwido AB is 0.12 (i.e., Average diversification). The correlation of WindowMaster 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.

WindowMaster International Correlation With Market

Very poor diversification

The correlation between WindowMaster International AS and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WindowMaster International AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to WindowMaster International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WindowMaster International 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 WindowMaster International - 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 WindowMaster International AS to buy it.

Moving together with WindowMaster Stock

  0.8752SA SYSTEMAIR ABPairCorr
  0.73LFPB TRAVIS PERKINS LSPairCorr
  0.8175L TAIKISHA LTD Earnings Call This WeekPairCorr
  0.915IW Inwido ABPairCorr
  0.76G6A Golden Arrow ResourcesPairCorr
  0.73CU3 Cohu IncPairCorr
  0.798SF SLIGRO FOOD GROUP Earnings Call TomorrowPairCorr
  0.914HF Hoist Finance AB Earnings Call This WeekPairCorr
  0.792X0 CortevaPairCorr
  0.884OQ1 AGNC Investment CorpPairCorr
  0.88H3M Hochschild Mining plcPairCorr
  0.68SRT3 Sartorius AktiengesellschaPairCorr
  0.83UEO Westlake ChemicalPairCorr
  0.91XSI Sanyo Chemical IndustriesPairCorr
  0.712MF MOBILE FACTORY INCPairCorr

Moving against WindowMaster Stock

  0.71BT3 BIOTIMEPairCorr
  0.66MBJ MBIAPairCorr
  0.46L5E Lindab InternationalPairCorr
  0.4572T FLAT GLASS GROUPPairCorr
  0.31TLIK TELES InformationstechPairCorr
  0.92MUM Mensch und MaschinePairCorr
  0.84DBPD Xtrackers ShortDAXPairCorr
  0.67SOBA ATT IncPairCorr
  0.41TTO TTL Beteiligungs undPairCorr

Related Correlations Analysis


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

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High negative correlations

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Risk-Adjusted Indicators

There is a big difference between WindowMaster Stock performing well and WindowMaster 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 WindowMaster 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WindowMaster International 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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WindowMaster International Corporate Executives

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