WOLTERS KLUWER Correlations

WOS Stock

EUR 163.00 2.00 1.21%

The current 90-days correlation between WOLTERS KLUWER ADR and Pearson plc is -0.05 (i.e., Good diversification). The correlation of WOLTERS KLUWER 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.

WOLTERS KLUWER Correlation With Market

Significant diversification

The correlation between WOLTERS KLUWER ADR and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WOLTERS KLUWER ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WOLTERS Stock

0.72	RDEB	RELX PLC	Pair Corr
0.9	WOSB	Wolters Kluwer NV	Pair Corr
0.66	DBPE	Xtrackers LevDAX	Pair Corr
0.68	E908	Lyxor 1	Pair Corr

Moving against WOLTERS Stock

0.69

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	PES	8SP	6NM	2DG	TLX	TM9	INVN	IUI1	6HW	NOH1
PES		-0.37	-0.25	-0.37	0.58	-0.42	0.46	0.53	-0.04	-0.36	PES
8SP	-0.37		0.59	0.43	-0.21	0.45	-0.3	-0.64	0.41	0.15	8SP
6NM	-0.25	0.59		-0.04	-0.02	0.22	0.11	-0.24	-0.15	0.4	6NM
2DG	-0.37	0.43	-0.04		-0.55	0.36	-0.7	-0.75	0.43	-0.21	2DG
TLX	0.58	-0.21	-0.02	-0.55		-0.63	0.76	0.73	0.07	-0.29	TLX
TM9	-0.42	0.45	0.22	0.36	-0.63		-0.57	-0.63	0.09	0.54	TM9
INVN	0.46	-0.3	0.11	-0.7	0.76	-0.57		0.73	-0.13	-0.02	INVN
IUI1	0.53	-0.64	-0.24	-0.75	0.73	-0.63	0.73		-0.33	-0.16	IUI1
6HW	-0.04	0.41	-0.15	0.43	0.07	0.09	-0.13	-0.33		-0.36	6HW
NOH1	-0.36	0.15	0.4	-0.21	-0.29	0.54	-0.02	-0.16	-0.36		NOH1
	PES	8SP	6NM	2DG	TLX	TM9	INVN	IUI1	6HW	NOH1

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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

INVN	+ 0.76	TLX
IUI1	+ 0.73	TLX
IUI1	+ 0.73	INVN
6NM	+ 0.59	8SP
TLX	+ 0.58	PES
NOH1	+ 0.54	TM9

High negative correlations

IUI1	- 0.75	2DG
INVN	- 0.7	2DG
IUI1	- 0.64	8SP
IUI1	- 0.63	TM9
TM9	- 0.63	TLX
INVN	- 0.57	TM9

Risk-Adjusted Indicators

There is a big difference between WOLTERS Stock performing well and WOLTERS KLUWER 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 WOLTERS KLUWER'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
PES	0.95	0.39	0.50	3.72	0.09	(1.19)	2.81	(1.17)	8.69
8SP	2.10	(0.16)	0.00	(0.25)	0.00	0.00	3.17	(4.56)	20.22
6NM	1.29	(0.10)	0.00	1.35	0.00	0.00	2.89	(4.32)	9.64
2DG	6.12	0.22	0.02	(0.14)	8.01	(10.34)	14.29	(10.53)	52.42
TLX	1.05	0.23	0.17	2.33	1.10	(1.08)	2.67	(1.85)	7.58
TM9	2.76	(0.03)	0.00	0.02	0.00	0.00	7.26	(4.30)	30.27
INVN	2.35	0.10	0.04	0.28	2.68	(2.62)	5.45	(4.76)	14.01
IUI1	1.21	0.30	0.23	1.54	1.01	(1.37)	3.28	(1.96)	10.73
6HW	0.38	0.03	0.04	0.68	0.44	(1.20)	1.23	(0.96)	4.04
NOH1	1.68	(0.08)	0.00	(0.39)	0.00	0.00	4.35	(3.25)	13.52

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Our tools can tell you how much better you can do entering a position in WOLTERS KLUWER 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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