Winmark Correlations

WINA Stock

USD 395.43 4.85 1.21%

The current 90-days correlation between Winmark and Utah Medical Products is 0.49 (i.e., Very weak diversification). The correlation of Winmark 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.

Winmark Correlation With Market

Very weak diversification

The correlation between Winmark and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Winmark and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winmark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Winmark Stock refer to our How to Trade Winmark Stock guide.

Moving together with Winmark Stock

0.85	LB	LandBridge Company	Pair Corr
0.62	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.78	ELA	Envela Corp	Pair Corr
0.66	EYE	National Vision Holdings	Pair Corr
0.64	GME	GameStop Corp Aggressive Push	Pair Corr
0.81	PETS	PetMed Express	Pair Corr
0.66	TTSH	Tile Shop Holdings	Pair Corr

Moving against Winmark Stock

0.58	DIT	AMCON Distributing Downward Rally	Pair Corr
0.47	DKS	Dicks Sporting Goods	Pair Corr
0.46	DBI	Designer Brands	Pair Corr
0.45	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.43	BBY	Best Buy	Pair Corr
0.66	GNLN	Greenlane Holdings	Pair Corr
0.6	HVT	Haverty Furniture	Pair Corr
0.52	GPC	Genuine Parts	Pair Corr
0.44	BGFV	Big 5 Sporting	Pair Corr
0.42	ARHS	Arhaus Inc	Pair Corr
0.36	FND	Floor Decor Holdings	Pair Corr
0.69	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.66	EDTK	Skillful Craftsman	Pair Corr
0.45	GV	Visionary Education	Pair Corr
0.45	WAFU	Wah Fu Education	Pair Corr

Related Correlations Analysis

	MLAB	UTMD	WEYS	DHIL	USLM
MLAB		0.42	-0.32	-0.32	-0.62	MLAB
UTMD	0.42		0.28	0.38	-0.13	UTMD
WEYS	-0.32	0.28		0.81	0.83	WEYS
DHIL	-0.32	0.38	0.81		0.75	DHIL
USLM	-0.62	-0.13	0.83	0.75		USLM
	MLAB	UTMD	WEYS	DHIL	USLM

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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

USLM	+ 0.83	WEYS
DHIL	+ 0.81	WEYS
USLM	+ 0.75	DHIL
UTMD	+ 0.42	MLAB
DHIL	+ 0.38	UTMD
WEYS	+ 0.28	UTMD

High negative correlations

USLM	- 0.62	MLAB
DHIL	- 0.32	MLAB
WEYS	- 0.32	MLAB
USLM	- 0.13	UTMD

Risk-Adjusted Indicators

There is a big difference between Winmark Stock performing well and Winmark 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 Winmark'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
MLAB	2.42	(0.61)	0.00	(0.12)	0.00	0.00	3.41	(5.50)	23.18
UTMD	0.69	(0.14)	0.00	(0.08)	0.00	0.00	1.17	(1.82)	7.07
WEYS	1.78	(0.07)	0.02	0.06	2.12	(2.11)	3.09	(3.22)	25.17
DHIL	1.24	0.02	0.05	0.10	1.12	(1.58)	2.30	(1.79)	8.58
USLM	2.00	0.72	0.35	0.37	1.45	(2.26)	5.56	(3.18)	16.29

Winmark Corporate Executives

Elected by the shareholders, the Winmark's board of directors comprises two types of representatives: Winmark inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Winmark. The board's role is to monitor Winmark's management team and ensure that shareholders' interests are well served. Winmark'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, Winmark's outside directors are responsible for providing unbiased perspectives on the board's policies.

Anthony Ishaug

CFO and Treasurer

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