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 0.26 (i.e., Modest 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
Weak diversification
The correlation between WD 40 Company and DJI is 0.32 (i.e., 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 against WDFC Stock
0.76 | CC | Chemours | PairCorr |
0.72 | ALB-PA | Albemarle | PairCorr |
0.72 | ALB | Albemarle Corp | PairCorr |
0.7 | CMT | Core Molding Technologies | PairCorr |
0.62 | APD | Air Products | PairCorr |
0.62 | ESI | Element Solutions | PairCorr |
0.59 | DD | Dupont De Nemours | PairCorr |
0.58 | FSI | Flexible Solutions Earnings Call This Week | PairCorr |
0.57 | ECVT | Ecovyst | PairCorr |
0.36 | FUL | H B Fuller | PairCorr |
0.33 | ASH | Ashland Global Holdings | PairCorr |
0.81 | SQM | Sociedad Quimica y Buyout Trend | PairCorr |
0.8 | SXT | Sensient Technologies | PairCorr |
0.78 | NEU | NewMarket | PairCorr |
0.72 | PRM | Perimeter Solutions | PairCorr |
0.59 | KOP | Koppers Holdings | PairCorr |
0.55 | WLK | Westlake Chemical | PairCorr |
0.46 | KWR | Quaker Chemical | PairCorr |
0.36 | RPM | RPM International | PairCorr |
0.89 | SNES | SenesTech | PairCorr |
0.87 | LWLG | Lightwave Logic Earnings Call This Week | PairCorr |
0.7 | HWKN | Hawkins | PairCorr |
0.6 | BGLC | BioNexus Gene Lab | 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 | 1.76 | (0.15) | (0.05) | 0.00 | 1.98 | 2.99 | 8.26 | |||
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 |