Whitbread Plc Correlations
| WTBCF Stock | USD 35.96 0.00 0.00% |
The current 90-days correlation between Whitbread plc and Ubisoft Entertainment is -0.11 (i.e., 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
Significant diversification
The correlation between Whitbread plc and DJI is 0.02 (i.e., Significant 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.
Whitbread |
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 together with Whitbread Pink Sheet
Moving against Whitbread Pink Sheet
| 0.73 | ACRFF | Accor SA | PairCorr |
| 0.72 | ACCYY | Accor SA | PairCorr |
| 0.63 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.56 | ICHGF | InterContinental Hotels | PairCorr |
| 0.52 | MZHOF | Mizuho Financial | PairCorr |
| 0.43 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.41 | IHG | InterContinental Hotels | PairCorr |
| 0.41 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.41 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.39 | MFG | Mizuho Financial | PairCorr |
| 0.35 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.71 | RGTI | Rigetti Computing Aggressive Push | PairCorr |
| 0.65 | QUBT | Quantum Computing Aggressive Push | PairCorr |
| 0.63 | EAWD | Energy and Water | PairCorr |
| 0.6 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.56 | ATH-PC | Athene Holding | PairCorr |
| 0.56 | SMSI | Smith Micro Software | PairCorr |
| 0.55 | JPHLF | Japan Post Holdings | PairCorr |
| 0.43 | RRC | Range Resources Corp | PairCorr |
| 0.39 | PLMJ | Plum Acquisition Corp Symbol Change | PairCorr |
| 0.34 | V | Visa Class A | PairCorr |
| 0.78 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.76 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.75 | SAP | SAP SE ADR Earnings Call This Week | PairCorr |
| 0.73 | QBTS | D Wave Quantum | PairCorr |
Related Correlations Analysis
| 0.0 | 0.29 | 0.71 | 0.05 | 0.08 | 0.0 | NCMI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | HRDIL | ||
| 0.29 | 0.0 | 0.05 | -0.72 | -0.46 | 0.0 | UBSFF | ||
| 0.71 | 0.0 | 0.05 | 0.34 | 0.26 | 0.0 | ZH | ||
| 0.05 | 0.0 | -0.72 | 0.34 | 0.54 | 0.0 | SE | ||
| 0.08 | 0.0 | -0.46 | 0.26 | 0.54 | 0.0 | PRKS | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | MDGC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Whitbread Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCMI | 1.80 | 0.01 | 0.00 | 0.05 | 2.44 | 3.68 | 13.08 | |||
| HRDIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UBSFF | 2.20 | (0.26) | 0.00 | 5.28 | 0.00 | 3.92 | 24.09 | |||
| ZH | 2.21 | (0.14) | 0.00 | (1.99) | 0.00 | 4.11 | 20.39 | |||
| SE | 1.67 | 0.22 | 0.12 | 2.65 | 1.52 | 4.17 | 14.60 | |||
| PRKS | 1.48 | 0.08 | 0.03 | 2.28 | 1.91 | 3.13 | 11.64 | |||
| MDGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.Did you try this?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Whitbread Plc Corporate Management
| Simon Ewins | Managing Restaurants | Profile | |
| Peter Reynolds | Director Relations | Profile | |
| Hemant Patel | CFO Director | Profile | |
| Mark MBA | Managing International | Profile | |
| Clefton Vaughan | G Sec | Profile |