Western Union Correlations

WU Stock

USD 10.72 0.03 0.28%

The current 90-days correlation between Western Union and Navient Corp is 0.22 (i.e., Modest diversification). The correlation of Western Union 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.

Western Union Correlation With Market

Average diversification

The correlation between Western Union Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Union Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Western Stock

0.71

Regional Management Corp

Pair Corr

Moving against Western Stock

0.87	LC	LendingClub Corp	Pair Corr
0.8	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.79	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.78	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.77	DIST	Distoken Acquisition	Pair Corr
0.74	V	Visa Class A	Pair Corr
0.74	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.66	AB	AllianceBernstein Normal Trading	Pair Corr
0.65	PX	P10 Inc Buyout Trend	Pair Corr
0.63	MA	Mastercard	Pair Corr
0.59	BN	Brookfield Corp	Pair Corr
0.57	LX	Lexinfintech Holdings	Pair Corr
0.53	MC	Moelis	Pair Corr
0.52	AC	Associated Capital	Pair Corr
0.46	DHIL	Diamond Hill Investment	Pair Corr
0.8	VRTS	Virtus Investment	Pair Corr
0.76	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.72	WT	WisdomTree	Pair Corr
0.68	DYCQ	DT Cloud Acquisition	Pair Corr
0.68	TETEU	Technology Telecommunicatio	Pair Corr
0.63	DUET	DUET Acquisition Corp	Pair Corr
0.61	DPCS	DP Cap Acquisition	Pair Corr
0.56	VIRT	Virtu Financial Normal Trading	Pair Corr
0.42	TW	Tradeweb Markets Normal Trading	Pair Corr
0.41	VINP	Vinci Partners Inves	Pair Corr
0.38	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP
NAVI		0.19	0.6	0.72	-0.32	0.43	-0.24	0.24	-0.36	-0.29	NAVI
GDOT	0.19		-0.05	0.06	0.08	-0.26	0.51	-0.03	0.1	0.19	GDOT
IX	0.6	-0.05		0.87	-0.65	0.43	-0.33	0.02	-0.69	-0.71	IX
FCFS	0.72	0.06	0.87		-0.7	0.35	-0.27	-0.04	-0.73	-0.66	FCFS
DFS	-0.32	0.08	-0.65	-0.7		-0.09	0.36	0.54	0.99	0.89	DFS
ALLY	0.43	-0.26	0.43	0.35	-0.09		-0.64	0.69	-0.11	-0.36	ALLY
SYF-PA	-0.24	0.51	-0.33	-0.27	0.36	-0.64		-0.3	0.39	0.61	SYF-PA
BFH	0.24	-0.03	0.02	-0.04	0.54	0.69	-0.3		0.51	0.22	BFH
COF	-0.36	0.1	-0.69	-0.73	0.99	-0.11	0.39	0.51		0.89	COF
AXP	-0.29	0.19	-0.71	-0.66	0.89	-0.36	0.61	0.22	0.89		AXP
	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

COF	+ 0.99	DFS
AXP	+ 0.89	DFS
AXP	+ 0.89	COF
FCFS	+ 0.87	IX
FCFS	+ 0.72	NAVI
BFH	+ 0.69	ALLY

High negative correlations

COF	- 0.73	FCFS
AXP	- 0.71	IX
DFS	- 0.7	FCFS
COF	- 0.69	IX
AXP	- 0.66	FCFS
DFS	- 0.65	IX

Risk-Adjusted Indicators

There is a big difference between Western Stock performing well and Western Union 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 Western Union'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
NAVI	1.56	(0.20)	0.00	(0.02)	0.00	0.00	3.27	(3.50)	13.67
GDOT	2.56	(0.20)	(0.02)	0.00	3.91	(2.64)	6.15	(5.39)	30.98
IX	1.17	(0.22)	0.00	(0.20)	0.00	0.00	2.12	(2.89)	8.46
FCFS	1.09	(0.23)	0.00	(0.16)	0.00	0.00	2.31	(2.42)	9.46
DFS	1.96	0.15	0.19	0.13	1.53	(2.49)	4.04	(2.77)	24.35
ALLY	1.48	(0.37)	0.00	(0.11)	0.00	0.00	2.83	(2.91)	21.67
SYF-PA	0.86	0.04	(0.02)	0.25	0.92	(0.91)	1.54	(1.36)	4.65
BFH	2.16	(0.12)	0.01	0.04	2.92	(2.35)	3.78	(4.01)	22.97
COF	1.70	0.18	0.22	0.16	1.19	(2.25)	5.23	(2.39)	18.23
AXP	1.23	0.06	0.08	0.12	1.30	(1.29)	2.81	(2.68)	9.79

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC