Wolverine World Correlations

WW4 Stock

EUR 14.50 0.10 0.68%

The current 90-days correlation between Wolverine World Wide and BOVIS HOMES GROUP is -0.01 (i.e., Good diversification). The correlation of Wolverine World 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.

Wolverine World Correlation With Market

Poor diversification

The correlation between Wolverine World Wide and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolverine World Wide and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Wolverine Stock

0.63	2SF	Sparebank 1 Ostlandet	Pair Corr
0.64	52SA	SYSTEMAIR AB	Pair Corr
0.66	MLP	MLP SE	Pair Corr
0.72	KEY	KeyCorp	Pair Corr
0.75	DP4B	AP Mller	Pair Corr

Moving against Wolverine Stock

0.44	SOBA	ATT Inc	Pair Corr
0.77	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	BMT	UVD	690D	2NY2	BMT	JAT	QV5	44B
BMT		-0.07	-0.05	0.0	0.99	0.45	0.38	0.1	BMT
UVD	-0.07		-0.15	0.0	-0.08	0.39	-0.01	0.34	UVD
690D	-0.05	-0.15		0.0	-0.06	-0.22	-0.15	0.45	690D
2NY2	0.0	0.0	0.0		0.0	0.0	0.0	0.0	2NY2
BMT	0.99	-0.08	-0.06	0.0		0.46	0.36	0.08	BMT
JAT	0.45	0.39	-0.22	0.0	0.46		0.12	0.06	JAT
QV5	0.38	-0.01	-0.15	0.0	0.36	0.12		-0.1	QV5
44B	0.1	0.34	0.45	0.0	0.08	0.06	-0.1		44B
	BMT	UVD	690D	2NY2	BMT	JAT	QV5	44B

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

BMT	+ 0.99	BMT
JAT	+ 0.46	BMT
JAT	+ 0.45	BMT
44B	+ 0.45	690D
JAT	+ 0.39	UVD
QV5	+ 0.38	BMT

High negative correlations

JAT	- 0.22	690D
QV5	- 0.15	690D
690D	- 0.15	UVD
44B	- 0.1	QV5
BMT	- 0.08	UVD
UVD	- 0.07	BMT

Risk-Adjusted Indicators

There is a big difference between Wolverine Stock performing well and Wolverine World 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 Wolverine World'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
BMT	1.03	0.10	0.04	0.40	1.45	(1.02)	2.00	(3.21)	6.75
UVD	1.80	0.09	0.01	74.43	2.15	(2.08)	5.32	(4.28)	11.74
690D	0.67	(0.02)	0.00	0.17	0.00	0.00	1.45	(1.44)	7.63
2NY2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMT	1.11	0.11	0.04	0.58	1.37	(1.20)	2.25	(2.39)	6.41
JAT	0.95	0.13	0.05	(3.17)	1.12	(0.91)	1.80	(1.68)	4.90
QV5	2.64	0.26	0.05	(0.77)	2.94	(3.89)	6.67	(6.57)	15.72
44B	0.88	0.01	(0.02)	0.12	1.14	(1.83)	3.56	(2.84)	8.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wolverine World 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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Wolverine World Corporate Management

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

Brendan Hoffman	Pres CEO	Profile
Melissa Mullen	Global Betty	Profile
Amy Klimek	Chief Officer	Profile
Thomas Kennedy	Pres Group	Profile
Michael CPA	VP Fin	Profile
Brett Parent	Chief Officer	Profile

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