European Wax Correlations
| EWCZ Stock | USD 5.89 0.18 3.15% |
The current 90-days correlation between European Wax Center and Mannatech Incorporated is -0.25 (i.e., Very good diversification). The correlation of European Wax 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.
European Wax Correlation With Market
Modest diversification
The correlation between European Wax Center and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding European Wax Center and DJI in the same portfolio, assuming nothing else is changed.
European |
Moving against European Stock
Related Correlations Analysis
| -0.03 | -0.36 | 0.43 | 0.85 | EPC | ||
| -0.03 | 0.1 | 0.28 | 0.1 | IPAR | ||
| -0.36 | 0.1 | -0.14 | -0.36 | MTEX | ||
| 0.43 | 0.28 | -0.14 | 0.33 | SPB | ||
| 0.85 | 0.1 | -0.36 | 0.33 | NUS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between European Stock performing well and European Wax 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 European Wax'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EPC | 1.09 | (0.25) | 0.00 | (0.17) | 0.00 | 2.17 | 6.00 | |||
| IPAR | 1.37 | 0.01 | 0.01 | 0.13 | 1.95 | 2.55 | 8.04 | |||
| MTEX | 2.11 | 0.09 | 0.02 | 0.25 | 2.49 | 5.52 | 16.06 | |||
| SPB | 1.05 | (0.05) | (0.07) | 0.01 | 1.56 | 1.87 | 8.89 | |||
| NUS | 2.57 | (0.41) | 0.00 | (1.04) | 0.00 | 4.52 | 15.79 |
European Wax Corporate Management
| Cindy Thomassee | Chief Controller | Profile | |
| Andrea Wasserman | Chief Officer | Profile | |
| Julie HauserBlanner | VP Operations | Profile | |
| Stacie Shirley | Chief Officer | Profile | |
| Jyoti Lynch | Chief Officer | Profile | |
| Amir Yeganehjoo | FPA, VP | Profile | |
| Carly Tietzer | Vice Marketing | Profile |