Wacker Neuson Correlations
| WKRCF Stock | USD 22.23 0.00 0.00% |
The correlation of Wacker Neuson 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.
Wacker Neuson Correlation With Market
Good diversification
The correlation between Wacker Neuson SE and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wacker Neuson SE and DJI in the same portfolio, assuming nothing else is changed.
Wacker |
The ability to find closely correlated positions to Wacker Neuson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wacker Neuson 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 Wacker Neuson - 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 Wacker Neuson SE to buy it.
Moving together with Wacker Pink Sheet
Moving against Wacker Pink Sheet
| 0.88 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | PCAR | PACCAR Inc | PairCorr |
| 0.8 | CAT | Caterpillar | PairCorr |
| 0.76 | VLVLY | Volvo AB ADR | PairCorr |
| 0.76 | PTAIY | Astra International Tbk | PairCorr |
| 0.73 | VOLVF | Volvo AB ser | PairCorr |
| 0.71 | DTRUY | Daimler Truck Holding | PairCorr |
| 0.71 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.65 | DTGHF | Daimler Truck Holding | PairCorr |
| 0.56 | EPOKY | Epiroc AB | PairCorr |
| 0.47 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.42 | DE | Deere Company | PairCorr |
| 0.34 | EC | Ecopetrol SA ADR | PairCorr |
| 0.88 | ARR | ARMOUR Residential REIT | PairCorr |
| 0.8 | ZCUSX | Corn Futures | PairCorr |
| 0.79 | AAUC | Allied Gold | PairCorr |
| 0.76 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.72 | UNIT | Uniti Group | PairCorr |
| 0.72 | OODH | Orion Diversified Holding | PairCorr |
| 0.69 | XCUR | Exicure | PairCorr |
| 0.61 | ECC-PD | Eagle Point Credit | PairCorr |
| 0.61 | GSVRF | Guanajuato Silver | PairCorr |
| 0.54 | PLMR | Palomar Holdings | PairCorr |
| 0.4 | XFOR | X4 Pharmaceuticals | PairCorr |
| 0.39 | CFWFF | Calfrac Well Services | PairCorr |
| 0.8 | AZTA | Azenta Inc | PairCorr |
| 0.79 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.78 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.77 | GOLF | Acushnet Holdings Corp | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Wacker Pink Sheet performing well and Wacker Neuson 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 Wacker Neuson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LKHLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PLFRF | 0.04 | (0.03) | 0.00 | (2.67) | 0.00 | 0.00 | 1.37 | |||
| LONKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIRRF | 0.26 | (0.14) | 0.00 | (2.30) | 0.00 | 0.00 | 8.64 | |||
| ECTXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFFVF | 0.20 | (0.03) | 0.00 | 0.57 | 0.00 | 0.00 | 4.41 | |||
| HSYDF | 5.50 | 0.59 | 0.08 | 1.24 | 5.96 | 11.77 | 29.02 | |||
| RUSMF | 0.95 | 0.17 | 0.05 | 3.23 | 1.33 | 2.43 | 8.79 | |||
| PCFBY | 1.87 | (0.06) | 0.00 | 0.16 | 0.00 | 5.44 | 22.74 | |||
| HMDPF | 2.79 | 0.45 | 0.08 | 0.43 | 3.38 | 7.24 | 36.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wacker Neuson 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.Did you try this?
Run Sign In To Macroaxis Now
Sign In To MacroaxisSign in to explore Macroaxis' wealth optimization platform and fintech modules |
| All Next | Launch Module |
Wacker Neuson Corporate Management
| Felix Bietenbeck | COO CTO | Profile | |
| Karl Tragl | Chairman CEO | Profile | |
| Katrin Neuffer | Head of Corporate Communication and Investor Relations | Profile | |
| Alexander Greschner | Chief sales officer | Profile | |
| Susanne Rizzo | Ma Relations | Profile | |
| Christoph Burkhard | CFO Board | Profile |