Worldline Correlations

WWLNF Stock

USD 7.94 0.00 0.00%

The correlation of Worldline 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.

Worldline Correlation With Market

Good diversification

The correlation between Worldline SA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Worldline SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Worldline Pink Sheet

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0.79	UBER	Uber Technologies	Pair Corr
0.74	PROSY	Prosus NV ADR	Pair Corr
0.72	TCTZF	Tencent Holdings	Pair Corr
0.71	ABBV	AbbVie Inc	Pair Corr
0.69	COST	Costco Wholesale Corp Downward Rally	Pair Corr
0.66	ADYEY	Adyen NV	Pair Corr
0.65	NTNX	Nutanix	Pair Corr
0.65	LAUR	Laureate Education	Pair Corr
0.64	ADYYF	Adyen NV Downward Rally	Pair Corr
0.64	CCU	Compania Cervecerias	Pair Corr
0.62	PLD	Prologis	Pair Corr
0.62	BFAM	Bright Horizons Family	Pair Corr
0.58	ORLY	OReilly Automotive	Pair Corr
0.52	LH	Laboratory	Pair Corr
0.47	CYBQF	CYBERDYNE	Pair Corr
0.44	MSB	Mesabi Trust	Pair Corr
0.43	PLTR	Palantir Technologies	Pair Corr
0.39	ADBE	Adobe Systems Earnings Call This Week	Pair Corr
0.38	RSLBF	RaySearch Laboratories	Pair Corr
0.34	KGC	Kinross Gold Aggressive Push	Pair Corr
0.33	CRWD	Crowdstrike Holdings	Pair Corr

Related Correlations Analysis

	NEWR	EGIO	PAGS	VMW	DLO	DAVA	NTNX	SPLK	OKTA	CRWD
NEWR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEWR
EGIO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EGIO
PAGS	0.0	0.0		0.0	0.44	-0.21	0.72	0.0	0.6	0.69	PAGS
VMW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	VMW
DLO	0.0	0.0	0.44	0.0		0.54	0.05	0.0	0.0	0.66	DLO
DAVA	0.0	0.0	-0.21	0.0	0.54		-0.42	0.0	-0.23	0.32	DAVA
NTNX	0.0	0.0	0.72	0.0	0.05	-0.42		0.0	0.72	0.59	NTNX
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SPLK
OKTA	0.0	0.0	0.6	0.0	0.0	-0.23	0.72	0.0		0.51	OKTA
CRWD	0.0	0.0	0.69	0.0	0.66	0.32	0.59	0.0	0.51		CRWD
	NEWR	EGIO	PAGS	VMW	DLO	DAVA	NTNX	SPLK	OKTA	CRWD

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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

NTNX	+ 0.72	PAGS
OKTA	+ 0.72	NTNX
CRWD	+ 0.69	PAGS
CRWD	+ 0.66	DLO
OKTA	+ 0.6	PAGS
CRWD	+ 0.59	NTNX

High negative correlations

NTNX	- 0.42	DAVA
OKTA	- 0.23	DAVA
DAVA	- 0.21	PAGS
CRWD	- 0.0	SPLK
OKTA	- 0.0	SPLK
SPLK	- 0.0	NTNX

Risk-Adjusted Indicators

There is a big difference between Worldline Pink Sheet performing well and Worldline 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 Worldline'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
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.30	0.13	0.05	0.09	2.99	(2.19)	4.63	(4.29)	12.65
VMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLO	2.41	(0.29)	0.00	0.41	0.00	0.00	3.56	(3.70)	39.00
DAVA	1.56	(0.23)	0.00	(0.37)	0.00	0.00	2.88	(4.27)	13.50
NTNX	1.79	0.18	0.09	0.25	2.11	(2.04)	4.46	(3.62)	17.81
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OKTA	2.15	0.63	0.33	5.30	1.68	(2.59)	4.48	(3.68)	28.64
CRWD	2.23	0.06	0.00	(0.02)	0.00	0.00	4.40	(4.85)	16.10

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Our tools can tell you how much better you can do entering a position in Worldline 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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