Whitbread PLC Correlations

WTBDY Stock

USD 9.15 0.11 1.19%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

Whitbread PLC Correlation With Market

Modest diversification

The correlation between Whitbread PLC ADR and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Whitbread PLC ADR 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 ADR to buy it.

Moving together with Whitbread Pink Sheet

0.71	VTYX	Ventyx Biosciences	Pair Corr
0.65	SO	Southern	Pair Corr
0.66	STNG	Scorpio Tankers	Pair Corr
0.62	REG	Regency Centers	Pair Corr

Moving against Whitbread Pink Sheet

0.72	ATAT	Atour Lifestyle Holdings	Pair Corr
0.47	KUKE	Kuke Music Holding	Pair Corr

Related Correlations Analysis

	TNGCF	HWDJF	TOKUF	BSDGY	MCHVF	BSDGF	GIGNY	ZLNDY	KGFHF	YMHAY
TNGCF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TNGCF
HWDJF	0.0		0.62	-0.31	-0.59	-0.54	-0.54	0.09	0.78	0.35	HWDJF
TOKUF	0.0	0.62		-0.71	-0.88	-0.5	-0.55	0.15	0.68	0.4	TOKUF
BSDGY	0.0	-0.31	-0.71		0.82	0.38	0.47	-0.44	-0.28	-0.4	BSDGY
MCHVF	0.0	-0.59	-0.88	0.82		0.53	0.55	-0.26	-0.56	-0.4	MCHVF
BSDGF	0.0	-0.54	-0.5	0.38	0.53		0.38	-0.6	-0.35	-0.65	BSDGF
GIGNY	0.0	-0.54	-0.55	0.47	0.55	0.38		-0.26	-0.53	-0.35	GIGNY
ZLNDY	0.0	0.09	0.15	-0.44	-0.26	-0.6	-0.26		-0.17	0.64	ZLNDY
KGFHF	0.0	0.78	0.68	-0.28	-0.56	-0.35	-0.53	-0.17		0.22	KGFHF
YMHAY	0.0	0.35	0.4	-0.4	-0.4	-0.65	-0.35	0.64	0.22		YMHAY
	TNGCF	HWDJF	TOKUF	BSDGY	MCHVF	BSDGF	GIGNY	ZLNDY	KGFHF	YMHAY

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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

MCHVF	+ 0.82	BSDGY
KGFHF	+ 0.78	HWDJF
KGFHF	+ 0.68	TOKUF
YMHAY	+ 0.64	ZLNDY
TOKUF	+ 0.62	HWDJF
GIGNY	+ 0.55	MCHVF

High negative correlations

MCHVF	- 0.88	TOKUF
BSDGY	- 0.71	TOKUF
YMHAY	- 0.65	BSDGF
ZLNDY	- 0.6	BSDGF
MCHVF	- 0.59	HWDJF
KGFHF	- 0.56	MCHVF

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
TNGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HWDJF	1.02	0.22	0.04	(0.63)	1.11	(2.61)	3.69	(2.82)	12.39
TOKUF	0.21	0.11	0.00	(0.83)	0.00	0.00	0.00	0.00	7.13
BSDGY	0.99	(0.03)	0.00	0.03	0.00	0.00	1.22	(4.57)	17.99
MCHVF	0.99	(0.32)	0.00	0.96	0.00	0.00	0.00	(2.38)	21.41
BSDGF	3.08	0.11	0.01	(0.47)	3.40	(4.01)	7.27	(6.25)	15.66
GIGNY	1.15	0.05	0.00	(0.01)	0.00	0.00	0.00	(4.33)	33.26
ZLNDY	1.89	(0.11)	0.00	(0.25)	0.00	0.00	4.01	(3.57)	16.76
KGFHF	1.31	0.43	0.00	(0.58)	0.00	0.00	4.52	(0.98)	20.45
YMHAY	2.01	0.07	0.02	0.18	2.67	(2.13)	3.56	(3.50)	13.58

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

Simon Ewins	Managing Restaurants	Profile
Peter Reynolds	Director Relations	Profile
Simon Jones	MD Director	Profile
Hemant Patel	CFO Director	Profile
Nigel Jones	Group Director	Profile
Mark MBA	Managing International	Profile
Clefton Vaughan	G Sec	Profile

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