WH Group Correlations

WHGLY Stock

USD 23.06 0.01 0.04%

The current 90-days correlation between WH Group and The A2 Milk is 0.25 (i.e., Modest diversification). The correlation of WH 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.

WH Group Correlation With Market

Modest diversification

The correlation between WH Group Ltd and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WH Group Ltd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WH Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WH Group 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 WH Group - 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 WH Group Ltd to buy it.

Moving together with WHGLY Pink Sheet

0.61	CIADY	China Mengniu Dairy	Pair Corr
0.75	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.66	SPGI	SP Global	Pair Corr
0.67	BORR	Borr Drilling	Pair Corr
0.79	VWAGY	Volkswagen AG 110	Pair Corr
0.8	RIVN	Rivian Automotive Sell-off Trend	Pair Corr
0.73	LMND	Lemonade	Pair Corr

Moving against WHGLY Pink Sheet

0.53	PIFMY	Indofood Sukses Makmur	Pair Corr
0.35	BMBOY	Grupo Bimbo SAB	Pair Corr
0.32	GRBMF	Grupo Bimbo SAB	Pair Corr
0.52	BASE	Couchbase	Pair Corr
0.58	KTRIF	KTRIF	Pair Corr
0.52	ADVWW	Advantage Solutions	Pair Corr
0.47	VHAI	VHAI	Pair Corr

Related Correlations Analysis

	PFODF	FPAFF	PRRFY	TQLB	INBP	HLNFF	BABB	FTLF	ACOPY
PFODF		-0.13	0.38	-0.41	-0.23	0.49	0.5	0.16	-0.31	PFODF
FPAFF	-0.13		0.15	-0.07	-0.11	-0.01	0.12	0.01	-0.15	FPAFF
PRRFY	0.38	0.15		-0.16	-0.12	0.71	0.7	0.52	-0.48	PRRFY
TQLB	-0.41	-0.07	-0.16		0.01	-0.28	-0.24	-0.2	0.17	TQLB
INBP	-0.23	-0.11	-0.12	0.01		-0.16	-0.21	-0.2	0.16	INBP
HLNFF	0.49	-0.01	0.71	-0.28	-0.16		0.89	0.67	-0.47	HLNFF
BABB	0.5	0.12	0.7	-0.24	-0.21	0.89		0.66	-0.6	BABB
FTLF	0.16	0.01	0.52	-0.2	-0.2	0.67	0.66		-0.47	FTLF
ACOPY	-0.31	-0.15	-0.48	0.17	0.16	-0.47	-0.6	-0.47		ACOPY
	PFODF	FPAFF	PRRFY	TQLB	INBP	HLNFF	BABB	FTLF	ACOPY

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

BABB	+ 0.89	HLNFF
HLNFF	+ 0.71	PRRFY
BABB	+ 0.7	PRRFY
FTLF	+ 0.67	HLNFF
FTLF	+ 0.66	BABB
FTLF	+ 0.52	PRRFY

High negative correlations

ACOPY	- 0.6	BABB
ACOPY	- 0.48	PRRFY
ACOPY	- 0.47	FTLF
ACOPY	- 0.47	HLNFF
TQLB	- 0.41	PFODF
ACOPY	- 0.31	PFODF

Risk-Adjusted Indicators

There is a big difference between WHGLY Pink Sheet performing well and WH 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 WH 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
PFODF	0.59	(0.06)	0.00	0.20	0.00	0.00	0.00	0.00	13.84
FPAFF	1.85	(0.02)	0.00	0.13	0.00	0.00	7.69	(4.76)	30.59
PRRFY	1.08	(0.07)	0.00	(0.20)	0.00	0.00	2.31	(5.77)	18.74
TQLB	1,788	936.65	0.00	(2.25)	0.00	0.00	22.22	(5.08)	59,952
INBP	2.46	0.27	0.03	(0.41)	2.52	(7.02)	6.90	(6.45)	27.53
HLNFF	1.48	(0.28)	0.00	(1.70)	0.00	0.00	1.86	(3.33)	16.43
BABB	1.61	(0.10)	0.00	(0.80)	0.00	0.00	4.21	(4.04)	11.93
FTLF	2.09	(0.34)	0.00	(0.15)	0.00	0.00	3.64	(4.03)	10.18
ACOPY	1.27	0.13	0.03	0.28	1.75	(3.41)	4.35	(3.36)	14.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in WH Group 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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WH Group Corporate Management

Lijun Guo	CEO Director	Profile
Xiangjie Ma	Ex Devel	Profile
Charles Smith	Ex Director	Profile
Kam Yan	VP CFO	Profile
Songtao Liu	Ex Devel	Profile
Glenn Nunziata	Ex Foods	Profile
Long Wan	Ex Chairman	Profile

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