WENA New Correlations
| WENADelisted Stock | 0.73 0.05 6.41% |
The current 90-days correlation between WENA New and Austevoll Seafood ASA is 0.03 (i.e., Significant diversification). The correlation of WENA New 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.
WENA New Correlation With Market
Significant diversification
The correlation between WENA New 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 WENA New and DJI in the same portfolio, assuming nothing else is changed.
WENA |
Moving together with WENA Stock
| 0.75 | KO | Coca Cola Earnings Call This Week | PairCorr |
Moving against WENA Stock
| 0.74 | AXP | American Express | PairCorr |
| 0.73 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.73 | CSCO | Cisco Systems | PairCorr |
| 0.63 | BAC | Bank of America | PairCorr |
| 0.5 | IBM | International Business Tech Boost | PairCorr |
| 0.46 | BA | Boeing | PairCorr |
| 0.4 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.39 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
| 0.0 | -0.45 | 0.13 | 0.16 | -0.37 | -0.03 | ASTVF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RFBC | ||
| -0.45 | 0.0 | -0.72 | -0.85 | 0.78 | 0.29 | PAVS | ||
| 0.13 | 0.0 | -0.72 | 0.88 | -0.54 | -0.2 | EPC | ||
| 0.16 | 0.0 | -0.85 | 0.88 | -0.72 | -0.32 | ACU | ||
| -0.37 | 0.0 | 0.78 | -0.54 | -0.72 | 0.57 | VITL | ||
| -0.03 | 0.0 | 0.29 | -0.2 | -0.32 | 0.57 | RCKY | ||
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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 WENA Stock performing well and WENA New 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 WENA New'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASTVF | 0.26 | 0.07 | 0.00 | (4.31) | 0.00 | 0.00 | 3.51 | |||
| RFBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PAVS | 3.05 | 1.10 | 0.29 | (1.01) | 2.25 | 9.09 | 36.82 | |||
| EPC | 1.21 | (0.08) | 0.00 | (0.08) | 0.00 | 2.12 | 6.50 | |||
| ACU | 1.44 | (0.21) | 0.00 | (0.36) | 0.00 | 3.81 | 11.39 | |||
| VITL | 2.33 | 0.37 | 0.06 | (1.48) | 3.73 | 4.32 | 18.87 | |||
| RCKY | 2.02 | (0.01) | (0.02) | 0.03 | 5.05 | 3.97 | 28.51 |
Delisting Warning - WENA
WENA New was delisted
| The entity WENA New with a symbol WENA was delisted from NASDAQ Exchange. Please try Klotho Neurosciences, with a symbol KLTO from now on. Check all delisted instruments accross multiple markets. |
Still Interested in WENA New?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.