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.

Build AI portfolio with WDFC Stock

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

0.67	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.77	UL	Unilever PLC ADR	Pair Corr
0.62	KMB	Kimberly Clark	Pair Corr
0.67	HELE	Helen of Troy	Pair Corr
0.77	MTEX	Mannatech Incorporated	Pair Corr

Moving against WDFC Stock

0.84	EL	Estee Lauder Companies	Pair Corr
0.76	CENTA	Central Garden Pet	Pair Corr
0.74	HLF	Herbalife Nutrition	Pair Corr
0.59	GROV	Virgin Group Acquisition	Pair Corr
0.56	ODC	Oil Dri	Pair Corr
0.56	YSG	Yatsen Holding	Pair Corr
0.51	NUS	Nu Skin Enterprises Buyout Trend	Pair Corr
0.37	ENR	Energizer Holdings	Pair Corr
0.36	UG	United Guardian	Pair Corr
0.34	MED	MEDIFAST INC	Pair Corr
0.89	SNYR	Synergy CHC Corp	Pair Corr
0.81	SEB	Seaboard	Pair Corr
0.75	WBA	Walgreens Boots Alliance	Pair Corr
0.74	SHOT	Safety Shot	Pair Corr
0.73	FTFT	Future Fintech Group	Pair Corr
0.71	CENT	Central Garden Pet	Pair Corr
0.71	RDGT	Ridgetech, Symbol Change	Pair Corr
0.53	OLPX	Olaplex Holdings	Pair Corr
0.51	NAII	Natural Alternatives	Pair Corr

Related Correlations Analysis

	KWR	MTX	IOSP	FUL	CBT	SXT	RPM	ASH	ODC	HWKN
KWR		0.35	-0.32	0.7	0.57	0.8	0.34	0.74	0.84	0.83	KWR
MTX	0.35		-0.1	0.34	0.42	0.37	0.65	0.45	0.16	0.34	MTX
IOSP	-0.32	-0.1		0.1	0.14	-0.54	-0.33	0.1	-0.46	-0.65	IOSP
FUL	0.7	0.34	0.1		0.57	0.54	0.1	0.75	0.64	0.52	FUL
CBT	0.57	0.42	0.14	0.57		0.35	0.16	0.57	0.42	0.37	CBT
SXT	0.8	0.37	-0.54	0.54	0.35		0.55	0.52	0.67	0.94	SXT
RPM	0.34	0.65	-0.33	0.1	0.16	0.55		0.36	0.09	0.44	RPM
ASH	0.74	0.45	0.1	0.75	0.57	0.52	0.36		0.49	0.45	ASH
ODC	0.84	0.16	-0.46	0.64	0.42	0.67	0.09	0.49		0.8	ODC
HWKN	0.83	0.34	-0.65	0.52	0.37	0.94	0.44	0.45	0.8		HWKN
	KWR	MTX	IOSP	FUL	CBT	SXT	RPM	ASH	ODC	HWKN

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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

HWKN	+ 0.94	SXT
ODC	+ 0.84	KWR
HWKN	+ 0.83	KWR
SXT	+ 0.8	KWR
HWKN	+ 0.8	ODC
ASH	+ 0.75	FUL

High negative correlations

HWKN	- 0.65	IOSP
SXT	- 0.54	IOSP
ODC	- 0.46	IOSP
RPM	- 0.33	IOSP
IOSP	- 0.32	KWR
IOSP	- 0.1	MTX

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	(2.56)	4.98	(3.55)	15.11
MTX	1.78	0.16	0.02	(6.75)	2.00	(2.00)	4.15	(3.35)	16.93
IOSP	1.23	(0.31)	0.00	(0.16)	0.00	0.00	2.04	(2.78)	6.62
FUL	1.58	(0.08)	(0.01)	0.06	1.61	(1.85)	3.43	(2.59)	13.35
CBT	1.46	0.02	(0.04)	0.46	1.88	(1.59)	2.88	(2.82)	11.49
SXT	0.86	0.27	0.27	0.70	0.31	(1.05)	2.62	(1.08)	6.91
RPM	1.10	0.02	0.03	0.13	1.27	(1.19)	2.32	(1.84)	9.83
ASH	1.80	(0.05)	0.02	0.08	1.91	(1.95)	3.37	(3.02)	9.44
ODC	1.57	0.32	0.20	0.41	1.36	(1.94)	3.13	(2.75)	12.22
HWKN	1.24	0.59	0.40	(3.97)	0.60	(1.56)	3.24	(1.35)	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

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