Wayside Technology Correlations

Stocks . Germany . 
Stock . Wayside Technology Group
PYA Stock  EUR 123.00  5.00  3.91%   
The current 90-days correlation between Wayside Technology and Brockhaus Capital Management is -0.02 (i.e., Good diversification). The correlation of Wayside Technology 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.

Wayside Technology Correlation With Market

Good diversification

The correlation between Wayside Technology Group and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wayside Technology Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Wayside Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wayside Technology 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 Wayside Technology - 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 Wayside Technology Group to buy it.

Moving together with Wayside Stock

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Moving against Wayside Stock

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Related Correlations Analysis

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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   
I8M
+ 0.63
TG9
W6O
+ 0.59
BKHT
W6O
+ 0.52
PL8
BKHT
+ 0.37
TG9
W6O
+ 0.34
TG9
PL8
+ 0.33
I8M
  
High negative correlations   
WD5A
- 0.92
BKHT
W6O
- 0.62
6P5
W6O
- 0.59
WD5A
PL8
- 0.5
6P5
6P5
- 0.37
TG9
6P5
- 0.25
BKHT

Risk-Adjusted Indicators

There is a big difference between Wayside Stock performing well and Wayside Technology 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 Wayside Technology'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 Wayside Technology 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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Wayside Technology Corporate Management

Elected by the shareholders, the Wayside Technology's board of directors comprises two types of representatives: Wayside Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wayside. The board's role is to monitor Wayside Technology's management team and ensure that shareholders' interests are well served. Wayside Technology'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, Wayside Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Vito LegrottaglieVP OfficerProfile
Charles BassVP OfficerProfile
Dale FosterPres CEOProfile
Melanie CaponigroDirector AccountingProfile
Matthew SullivanChief OfficerProfile
Gerard BrophyManaging DirectorProfile
Andrew CPAVP CFOProfile
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