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.
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 against WDFC Stock

  0.76CC ChemoursPairCorr
  0.72ALB-PA AlbemarlePairCorr
  0.72ALB Albemarle CorpPairCorr
  0.7CMT Core Molding TechnologiesPairCorr
  0.62APD Air ProductsPairCorr
  0.62ESI Element SolutionsPairCorr
  0.59DD Dupont De NemoursPairCorr
  0.58FSI Flexible Solutions Earnings Call This WeekPairCorr
  0.57ECVT EcovystPairCorr
  0.36FUL H B FullerPairCorr
  0.33ASH Ashland Global HoldingsPairCorr
  0.81SQM Sociedad Quimica y Buyout TrendPairCorr
  0.8SXT Sensient TechnologiesPairCorr
  0.78NEU NewMarketPairCorr
  0.72PRM Perimeter SolutionsPairCorr
  0.59KOP Koppers HoldingsPairCorr
  0.55WLK Westlake ChemicalPairCorr
  0.46KWR Quaker ChemicalPairCorr
  0.36RPM RPM InternationalPairCorr
  0.89SNES SenesTechPairCorr
  0.87LWLG Lightwave Logic Earnings Call This WeekPairCorr
  0.7HWKN HawkinsPairCorr
  0.6BGLC BioNexus Gene LabPairCorr

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  1.76 (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 RemboltCFO, VP of Fin. and TreasurerProfile