Wag Group Correlations

PET Stock

USD 0.20 0 1.50%

The current 90-days correlation between Wag Group and Where Food Comes is 0.15 (i.e., Average diversification). The correlation of Wag Group 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.

Wag Group Correlation With Market

Significant diversification

The correlation between Wag Group Co and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wag Group Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Wag Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Wag Stock

0.65	VTEX	VTEX Potential Growth	Pair Corr
0.8	XELAP	Exela Technologies Earnings Call This Week	Pair Corr

Moving against Wag Stock

0.82	ML	MoneyLion	Pair Corr
0.73	EB	Eventbrite Class A	Pair Corr
0.72	WK	Workiva	Pair Corr
0.71	AZ	A2Z Smart Technologies	Pair Corr
0.71	VERX	Vertex	Pair Corr
0.69	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.69	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.68	DJCO	Daily Journal Corp	Pair Corr
0.66	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.63	DOCU	DocuSign	Pair Corr
0.61	AI	C3 Ai Inc Trending	Pair Corr
0.51	DV	DoubleVerify Holdings	Pair Corr
0.49	BL	Blackline	Pair Corr
0.75	EGHT	8x8 Common Stock	Pair Corr
0.72	VMEO	Vimeo Inc	Pair Corr
0.65	DSGX	Descartes Systems	Pair Corr
0.54	DTRK	DATATRAK International	Pair Corr
0.53	DUOT	Duos Technologies Downward Rally	Pair Corr
0.48	ENFN	Enfusion	Pair Corr
0.48	WDAY	Workday Earnings Call This Week	Pair Corr
0.45	DUOL	Duolingo	Pair Corr
0.41	DIDIY	Didi Global ADR	Pair Corr

Related Correlations Analysis

	PLUS	MODN	PRGS	AGYS	SPNS	PYCR	CWAN	MNTV	PCOR	ALKT
PLUS		-0.02	0.09	-0.1	0.7	-0.45	-0.24	0.03	-0.23	-0.06	PLUS
MODN	-0.02		0.57	0.08	-0.1	0.21	0.4	0.63	0.32	0.27	MODN
PRGS	0.09	0.57		0.56	-0.17	0.44	0.69	0.43	0.72	0.66	PRGS
AGYS	-0.1	0.08	0.56		-0.52	0.51	0.71	0.11	0.68	0.51	AGYS
SPNS	0.7	-0.1	-0.17	-0.52		-0.51	-0.47	-0.06	-0.42	-0.15	SPNS
PYCR	-0.45	0.21	0.44	0.51	-0.51		0.86	0.17	0.86	0.67	PYCR
CWAN	-0.24	0.4	0.69	0.71	-0.47	0.86		0.29	0.92	0.75	CWAN
MNTV	0.03	0.63	0.43	0.11	-0.06	0.17	0.29		0.24	0.24	MNTV
PCOR	-0.23	0.32	0.72	0.68	-0.42	0.86	0.92	0.24		0.81	PCOR
ALKT	-0.06	0.27	0.66	0.51	-0.15	0.67	0.75	0.24	0.81		ALKT
	PLUS	MODN	PRGS	AGYS	SPNS	PYCR	CWAN	MNTV	PCOR	ALKT

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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

PCOR	+ 0.92	CWAN
CWAN	+ 0.86	PYCR
PCOR	+ 0.86	PYCR
ALKT	+ 0.81	PCOR
ALKT	+ 0.75	CWAN
PCOR	+ 0.72	PRGS

High negative correlations

SPNS	- 0.52	AGYS
PYCR	- 0.51	SPNS
CWAN	- 0.47	SPNS
PYCR	- 0.45	PLUS
PCOR	- 0.42	SPNS
CWAN	- 0.24	PLUS

Risk-Adjusted Indicators

There is a big difference between Wag Stock performing well and Wag Group 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 Wag Group'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
PLUS	1.75	(0.34)	0.00	(0.07)	0.00	0.00	3.53	(3.01)	25.14
MODN	0.50	0.16	0.09	4.25	0.29	(0.69)	1.01	(0.50)	10.58
PRGS	1.10	0.21	0.17	0.42	0.77	(1.35)	2.49	(1.37)	14.18
AGYS	1.84	0.05	0.05	0.11	2.96	(1.69)	3.26	(5.24)	14.47
SPNS	1.63	(0.42)	0.00	(0.38)	0.00	0.00	2.21	(3.04)	31.27
PYCR	1.41	0.12	0.07	0.19	1.55	(1.45)	3.02	(2.96)	9.64
CWAN	1.42	0.27	0.17	0.29	1.35	(1.51)	2.80	(2.76)	18.70
MNTV	0.90	0.50	2.18	(183.32)	0.00	(1.77)	0.43	(0.21)	20.63
PCOR	1.61	0.15	0.12	0.17	1.53	(1.95)	3.86	(2.47)	9.89
ALKT	1.87	0.13	0.10	0.15	2.11	(2.13)	5.15	(4.11)	11.93

Wag Group Corporate Management

David Cane	Chief Officer	Profile
Beth Rescigno	Controller	Profile
Dylan Allread	Chief Officer	Profile
Mary Miller	Head CRM	Profile

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