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.
Moving together with WDFC Stock
0.67 | CL | Colgate Palmolive Sell-off Trend | PairCorr |
0.75 | PG | Procter Gamble | PairCorr |
0.77 | UL | Unilever PLC ADR | PairCorr |
0.62 | KMB | Kimberly Clark | PairCorr |
0.67 | HELE | Helen of Troy | PairCorr |
0.77 | MTEX | Mannatech Incorporated | PairCorr |
Moving against WDFC Stock
0.84 | EL | Estee Lauder Companies | PairCorr |
0.76 | CENTA | Central Garden Pet | PairCorr |
0.74 | HLF | Herbalife Nutrition | PairCorr |
0.59 | GROV | Virgin Group Acquisition | PairCorr |
0.56 | ODC | Oil Dri | PairCorr |
0.56 | YSG | Yatsen Holding | PairCorr |
0.51 | NUS | Nu Skin Enterprises Buyout Trend | PairCorr |
0.37 | ENR | Energizer Holdings | PairCorr |
0.36 | UG | United Guardian | PairCorr |
0.34 | MED | MEDIFAST INC | PairCorr |
0.89 | SNYR | Synergy CHC Corp | PairCorr |
0.81 | SEB | Seaboard | PairCorr |
0.75 | WBA | Walgreens Boots Alliance | PairCorr |
0.74 | SHOT | Safety Shot | PairCorr |
0.73 | FTFT | Future Fintech Group | PairCorr |
0.71 | CENT | Central Garden Pet | PairCorr |
0.71 | RDGT | Ridgetech, Symbol Change | PairCorr |
0.53 | OLPX | Olaplex Holdings | PairCorr |
0.51 | NAII | Natural Alternatives | PairCorr |
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
| 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 Rembolt | CFO, VP of Fin. and Treasurer | Profile |