WD 40 Correlations

WDFC Stock  USD 219.48  0.96  0.44%   
The current 90-days correlation between WD 40 Company and Quaker Chemical is 0.34 (i.e., Weak diversification). The correlation of WD 40 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.

WD 40 Correlation With Market

Very weak diversification

The correlation between WD 40 Company and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WD 40 Company 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 WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with WDFC Stock

  0.67CL Colgate Palmolive Sell-off TrendPairCorr
  0.75PG Procter GamblePairCorr
  0.77UL Unilever PLC ADRPairCorr
  0.62KMB Kimberly ClarkPairCorr
  0.67HELE Helen of TroyPairCorr
  0.77MTEX Mannatech IncorporatedPairCorr

Moving against WDFC Stock

  0.84EL Estee Lauder CompaniesPairCorr
  0.76CENTA Central Garden PetPairCorr
  0.74HLF Herbalife NutritionPairCorr
  0.59GROV Virgin Group AcquisitionPairCorr
  0.56ODC Oil DriPairCorr
  0.56YSG Yatsen HoldingPairCorr
  0.51NUS Nu Skin Enterprises Buyout TrendPairCorr
  0.37ENR Energizer HoldingsPairCorr
  0.36UG United GuardianPairCorr
  0.34MED MEDIFAST INCPairCorr
  0.89SNYR Synergy CHC CorpPairCorr
  0.81SEB SeaboardPairCorr
  0.75WBA Walgreens Boots AlliancePairCorr
  0.74SHOT Safety ShotPairCorr
  0.73FTFT Future Fintech GroupPairCorr
  0.71CENT Central Garden PetPairCorr
  0.71RDGT Ridgetech, Symbol ChangePairCorr
  0.53OLPX Olaplex HoldingsPairCorr
  0.51NAII Natural AlternativesPairCorr

Related Correlations Analysis


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

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High negative correlations

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Risk-Adjusted Indicators

There is a big difference between WDFC Stock performing well and WD 40 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 WD 40'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KWR  2.12  0.19  0.13  0.22  1.85 
 4.98 
 15.11 
MTX  1.78  0.16  0.02 (6.75) 2.00 
 4.15 
 16.93 
IOSP  1.23 (0.31) 0.00 (0.16) 0.00 
 2.04 
 6.62 
FUL  1.58 (0.08)(0.01) 0.06  1.61 
 3.43 
 13.35 
CBT  1.46  0.02 (0.04) 0.46  1.88 
 2.88 
 11.49 
SXT  0.86  0.27  0.27  0.70  0.31 
 2.62 
 6.91 
RPM  1.10  0.02  0.03  0.13  1.27 
 2.32 
 9.83 
ASH  1.80 (0.05) 0.02  0.08  1.91 
 3.37 
 9.44 
ODC  1.57  0.32  0.20  0.41  1.36 
 3.13 
 12.22 
HWKN  1.24  0.59  0.40 (3.97) 0.60 
 3.24 
 7.40 

WD 40 Corporate Executives

Elected by the shareholders, the WD 40's board of directors comprises two types of representatives: WD 40 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WDFC. The board's role is to monitor WD 40's management team and ensure that shareholders' interests are well served. WD 40'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, WD 40's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jay RemboltCFO, VP of Fin. and TreasurerProfile