Willdan Correlations

WLDN Stock

USD 117.33 4.83 4.29%

The current 90-days correlation between Willdan Group and Ducommun Incorporated is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Willdan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willdan Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Willdan Correlation With Market

Poor diversification

The correlation between Willdan Group and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willdan Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Willdan Stock

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

Moving together with Willdan Stock

0.95	FC	Franklin Covey	Pair Corr
0.8	MG	Mistras Group	Pair Corr
0.62	BEG	Begbies Traynor Group	Pair Corr
0.75	FCN	FTI Consulting Earnings Call This Week	Pair Corr
0.66	FCQ	FTI Consulting	Pair Corr
0.84	ICFI	ICF International	Pair Corr
0.72	IPZ	Ipsos SA	Pair Corr

Moving against Willdan Stock

0.67	MANO	Manolete Partners PLC	Pair Corr
0.65	WFCF	Where Food Comes Earnings Call This Week	Pair Corr
0.42	CBZ	CBIZ Inc	Pair Corr
0.31	RGP	Resources Connection	Pair Corr
0.69	ULS	UL Solutions Earnings Call This Week	Pair Corr
0.45	TRI	Thomson Reuters	Pair Corr
0.36	J2B	Experian plc	Pair Corr
0.31	REL	Relx PLC	Pair Corr
0.79	GTLY	Gateley (Holdings)	Pair Corr
0.65	PLEK	PLENUM AG NA	Pair Corr
0.57	PPHC	Public Policy Holding	Pair Corr
0.53	KPG	Kelly Partners Group	Pair Corr

Related Correlations Analysis

	DCO	JBI	LMB	NSSC	HSII	CODI	CYD	CMRE	MAN
DCO		0.83	0.89	0.13	0.68	0.22	0.96	0.67	0.74	DCO
JBI	0.83		0.91	0.27	0.84	-0.13	0.75	0.61	0.6	JBI
LMB	0.89	0.91		0.33	0.77	0.0	0.82	0.65	0.69	LMB
NSSC	0.13	0.27	0.33		0.28	-0.21	0.13	0.11	0.27	NSSC
HSII	0.68	0.84	0.77	0.28		-0.36	0.55	0.61	0.61	HSII
CODI	0.22	-0.13	0.0	-0.21	-0.36		0.36	0.24	0.18	CODI
CYD	0.96	0.75	0.82	0.13	0.55	0.36		0.62	0.67	CYD
CMRE	0.67	0.61	0.65	0.11	0.61	0.24	0.62		0.6	CMRE
MAN	0.74	0.6	0.69	0.27	0.61	0.18	0.67	0.6		MAN
	DCO	JBI	LMB	NSSC	HSII	CODI	CYD	CMRE	MAN

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

CYD	+ 0.96	DCO
LMB	+ 0.91	JBI
LMB	+ 0.89	DCO
HSII	+ 0.84	JBI
JBI	+ 0.83	DCO
CYD	+ 0.82	LMB

High negative correlations

CODI	- 0.36	HSII
CODI	- 0.21	NSSC
CODI	- 0.13	JBI
CODI	- 0.0	LMB

Risk-Adjusted Indicators

There is a big difference between Willdan Stock performing well and Willdan 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 Willdan'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
DCO	1.42	0.32	0.21	0.34	1.33	(1.68)	3.51	(2.23)	7.80
JBI	1.72	0.11	0.02	(0.65)	1.90	(2.00)	3.64	(3.43)	9.61
LMB	2.50	0.12	0.05	0.13	3.00	(2.80)	4.34	(5.25)	14.34
NSSC	1.87	0.00	0.01	0.06	2.20	(2.24)	4.55	(3.71)	12.64
HSII	0.80	0.30	0.22	(0.53)	0.30	(0.86)	0.90	(1.41)	19.72
CODI	4.04	0.14	0.03	0.14	5.37	(4.17)	9.07	(6.76)	35.68
CYD	1.92	0.43	0.19	0.68	1.73	(2.18)	5.02	(3.36)	13.57
CMRE	1.50	0.27	0.12	0.55	1.79	(1.64)	3.17	(2.62)	10.48
MAN	2.47	0.06	0.03	0.10	3.03	(2.79)	5.75	(5.10)	24.70

Willdan Corporate Management

Michael Bieber	Sr. VP of Corporate Devel.	Profile
Albert CPA	Vice Relations	Profile
Micah JD	Executive Counsel	Profile
Micah Chen	Executive Counsel	Profile
Daniel PE	Advisor	Profile

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