Whitbread PLC Correlations

WTB Stock

2,598 84.00 3.34%

The current 90-days correlation between Whitbread PLC and Rheinmetall AG is -0.31 (i.e., Very good diversification). The correlation of Whitbread PLC 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.

Whitbread PLC Correlation With Market

Good diversification

The correlation between Whitbread PLC and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Whitbread PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Whitbread Stock

0.91	MHPC	MHP SE	Pair Corr
0.84	SRB	Serabi Gold PLC	Pair Corr
0.73	ACG	ACG Acquisition	Pair Corr
0.67	0NIS	SBM Offshore NV	Pair Corr
0.58	HDD	Hardide PLC	Pair Corr
0.42	ARGO	Argo Group Limited	Pair Corr
0.37	0HC3	Alaska Air Group	Pair Corr
0.35	0IDU	EQT Corp	Pair Corr

Related Correlations Analysis

	EEE	0NI1	RICA	RSG	GRX	FMET	OIH	LWI
EEE		0.84	0.65	-0.45	0.84	0.7	0.0	0.77	EEE
0NI1	0.84		0.64	-0.48	0.58	0.58	0.0	0.68	0NI1
RICA	0.65	0.64		-0.51	0.62	0.67	0.0	0.87	RICA
RSG	-0.45	-0.48	-0.51		-0.31	-0.66	0.0	-0.51	RSG
GRX	0.84	0.58	0.62	-0.31		0.61	0.0	0.78	GRX
FMET	0.7	0.58	0.67	-0.66	0.61		0.0	0.75	FMET
OIH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OIH
LWI	0.77	0.68	0.87	-0.51	0.78	0.75	0.0		LWI
	EEE	0NI1	RICA	RSG	GRX	FMET	OIH	LWI

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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

LWI	+ 0.87	RICA
0NI1	+ 0.84	EEE
GRX	+ 0.84	EEE
LWI	+ 0.78	GRX
LWI	+ 0.77	EEE
LWI	+ 0.75	FMET

High negative correlations

FMET	- 0.66	RSG
LWI	- 0.51	RSG
RSG	- 0.51	RICA
RSG	- 0.48	0NI1
RSG	- 0.45	EEE
GRX	- 0.31	RSG

Risk-Adjusted Indicators

There is a big difference between Whitbread Stock performing well and Whitbread PLC 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 Whitbread PLC'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
EEE	2.91	0.85	0.32	(2.38)	2.42	(3.79)	6.53	(4.55)	16.79
0NI1	2.11	0.88	0.37	3.22	1.96	(2.64)	6.79	(3.61)	16.35
RICA	0.31	0.00	0.22	(0.13)	0.34	(0.45)	0.92	(0.73)	2.19
RSG	3.02	(0.07)	0.00	0.39	0.00	0.00	6.19	(6.47)	15.83
GRX	1.09	0.28	0.12	(1.59)	0.96	(3.07)	4.35	(2.78)	11.98
FMET	0.77	(0.05)	0.00	(0.15)	0.00	0.00	1.68	0.00	7.87
OIH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LWI	0.65	0.07	0.15	0.17	0.71	(0.82)	1.22	(1.21)	4.23

Be your own money manager

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

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

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