Winpak Correlations

WIPKF Stock

USD 35.21 0.62 1.79%

The current 90-days correlation between Winpak and Orora Ltd ADR is -0.02 (i.e., Good diversification). The correlation of Winpak 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.

Winpak Correlation With Market

Poor diversification

The correlation between Winpak and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Winpak and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Winpak Pink Sheet

0.67	ATCOL	Atlas Corp	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.75	GEL	Genesis Energy LP	Pair Corr
0.64	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.75	MEEEF	Metal Energy Corp	Pair Corr
0.71	CMI	Cummins	Pair Corr
0.77	DREUF	Dream Industrial Real	Pair Corr
0.77	TDY	Teledyne Technologies	Pair Corr
0.66	INGR	Ingredion Incorporated	Pair Corr
0.83	RHHVF	Roche Holding AG	Pair Corr
0.65	GL-PD	Globe Life 425	Pair Corr
0.71	NTRSO	Northern Trust	Pair Corr
0.83	PRTS	CarPartsCom Earnings Call This Week	Pair Corr

Moving against Winpak Pink Sheet

0.84	ADVWW	Advantage Solutions	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr
0.76	PBCRF	PT Bank Central	Pair Corr
0.69	PCTTW	PureCycle Technologies	Pair Corr
0.68	GCMGW	GCM Grosvenor	Pair Corr
0.51	MAPSW	WM Technology	Pair Corr
0.31	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	KULR	KULR Technology Group	Pair Corr

Related Correlations Analysis

	ORRYY	MNHFF	ORRAF	GMALY	HBBHF	XTEPY	DSITF	SHALF	PGCMF	SMIZF
ORRYY		0.0	0.33	0.96	0.27	-0.75	0.37	0.0	-0.48	0.74	ORRYY
MNHFF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNHFF
ORRAF	0.33	0.0		0.42	0.19	-0.08	0.27	0.0	-0.35	0.41	ORRAF
GMALY	0.96	0.0	0.42		0.28	-0.73	0.39	0.0	-0.5	0.75	GMALY
HBBHF	0.27	0.0	0.19	0.28		-0.14	0.63	0.0	-0.56	0.45	HBBHF
XTEPY	-0.75	0.0	-0.08	-0.73	-0.14		-0.46	0.0	0.51	-0.67	XTEPY
DSITF	0.37	0.0	0.27	0.39	0.63	-0.46		0.0	-0.83	0.66	DSITF
SHALF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SHALF
PGCMF	-0.48	0.0	-0.35	-0.5	-0.56	0.51	-0.83	0.0		-0.81	PGCMF
SMIZF	0.74	0.0	0.41	0.75	0.45	-0.67	0.66	0.0	-0.81		SMIZF
	ORRYY	MNHFF	ORRAF	GMALY	HBBHF	XTEPY	DSITF	SHALF	PGCMF	SMIZF

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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

GMALY	+ 0.96	ORRYY
SMIZF	+ 0.75	GMALY
SMIZF	+ 0.74	ORRYY
SMIZF	+ 0.66	DSITF
DSITF	+ 0.63	HBBHF
PGCMF	+ 0.51	XTEPY

High negative correlations

PGCMF	- 0.83	DSITF
SMIZF	- 0.81	PGCMF
XTEPY	- 0.75	ORRYY
XTEPY	- 0.73	GMALY
SMIZF	- 0.67	XTEPY
PGCMF	- 0.56	HBBHF

Risk-Adjusted Indicators

There is a big difference between Winpak Pink Sheet performing well and Winpak 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 Winpak'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ORRYY	0.70	0.35	(3.19)	0.00	0.00	23.47
MNHFF	0.00	0.00	0.00	0.00	0.00	0.00
ORRAF	0.14	(0.01)	(0.09)	0.00	0.00	4.46
GMALY	0.38	0.20	(0.77)	0.00	0.00	12.46
HBBHF	0.20	0.05	(0.45)	0.00	0.00	6.48
XTEPY	0.37	(0.07)	(1.05)	0.00	(1.50)	9.01
DSITF	0.98	0.30	3.26	3.05	(0.60)	18.52
SHALF	0.00	0.00	0.00	0.00	0.00	0.00
PGCMF	0.13	(0.08)	(2.58)	0.00	0.00	4.29
SMIZF	0.30	0.14	4.06	0.00	0.00	7.09

Be your own money manager

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

Olivier Muggli	VP of Technology	Profile
Gregory Powell	Pres Seal	Profile
Mustafa Bilgen	VP Innovation	Profile
M Meyer	Sec	Profile
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