Woolworths Group Correlations
| WWR Stock | EUR 18.30 0.10 0.54% |
The current 90-days correlation between Woolworths Group and Harmony Gold Mining is -0.02 (i.e., Good diversification). The correlation of Woolworths Group 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.
Woolworths Group Correlation With Market
Significant diversification
The correlation between Woolworths Group Limited 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 Woolworths Group Limited and DJI in the same portfolio, assuming nothing else is changed.
Woolworths |
The ability to find closely correlated positions to Woolworths Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Woolworths Group 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 Woolworths Group - 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 Woolworths Group Limited to buy it.
Moving together with Woolworths Stock
Moving against Woolworths Stock
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| 0.78 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.63 | AHOG | Koninklijke Ahold | PairCorr |
| 0.61 | L8G | Loblaw Companies | PairCorr |
| 0.59 | AHOG | Koninklijke Ahold | PairCorr |
| 0.41 | S6M | Seven i Holdings | PairCorr |
| 0.4 | AHOD | AHOLD DELHAIADR16 | PairCorr |
| 0.39 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.38 | VAR1 | Varta AG | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Woolworths Stock performing well and Woolworths Group 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 Woolworths Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEW | 2.13 | 0.21 | 0.05 | 0.62 | 2.30 | 5.24 | 12.22 | |||
| CUG | 0.15 | 0.01 | 0.00 | 0.05 | 0.00 | 0.00 | 9.76 | |||
| HAM | 2.92 | (0.17) | 0.00 | (0.02) | 0.00 | 7.88 | 14.78 | |||
| 5PMA | 3.62 | (0.13) | 0.00 | 0.70 | 0.00 | 8.70 | 24.17 | |||
| BXU | 1.38 | (0.04) | 0.00 | 0.53 | 0.00 | 2.56 | 12.20 | |||
| US8 | 2.48 | (0.18) | 0.00 | (0.14) | 0.00 | 5.52 | 20.89 | |||
| GM6 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SI3 | 0.76 | 0.38 | 0.12 | (1.74) | 0.28 | 2.08 | 9.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Woolworths Group 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?
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Woolworths Group Corporate Management
Elected by the shareholders, the Woolworths Group's board of directors comprises two types of representatives: Woolworths Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Woolworths. The board's role is to monitor Woolworths Group's management team and ensure that shareholders' interests are well served. Woolworths Group'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, Woolworths Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bill Reid | Chief Officer | Profile | |
| Stephen Harrison | Chief Officer | Profile | |
| John Hunt | Chief Officer | Profile | |
| Paul Meurs | Head Relations | Profile | |
| BComm LLB | CEO MD | Profile | |
| Caryn Katsikogianis | Chief Officer | Profile | |
| Amanda Bardwell | Managing WooliesX | Profile |