Werner Enterprises Correlations

WERN Stock

USD 27.90 0.56 2.05%

The current 90-days correlation between Werner Enterprises and Universal Logistics Holdings is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Werner Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Werner Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Werner Enterprises Correlation With Market

Very weak diversification

The correlation between Werner Enterprises and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Werner Enterprises 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 Werner Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.

Moving together with Werner Stock

0.95	VLRS	Volaris	Pair Corr
0.96	AAL	American Airlines Sell-off Trend	Pair Corr
0.78	ALK	Alaska Air Group	Pair Corr
0.84	CNI	Canadian National Railway	Pair Corr
0.88	CSX	CSX Corporation	Pair Corr
0.91	DAL	Delta Air Lines Earnings Call This Week	Pair Corr
0.96	KNX	Knight Transportation	Pair Corr
0.67	NSC	Norfolk Southern	Pair Corr
0.93	RXO	RXO Inc	Pair Corr
0.91	UAL	United Airlines Holdings	Pair Corr
0.86	ULH	Universal Logistics	Pair Corr
0.9	XPO	XPO Logistics	Pair Corr
0.96	HTLD	Heartland Express	Pair Corr
0.85	JBLU	JetBlue Airways Corp	Pair Corr
0.93	MESA	Mesa Air Group	Pair Corr
0.98	MRTN	Marten Transport	Pair Corr
0.76	ODFL	Old Dominion Freight	Pair Corr
0.91	PAMT	PAMT P Symbol Change	Pair Corr
0.86	AIRT	Air T Inc	Pair Corr
0.97	ALGT	Allegiant Travel	Pair Corr
0.94	SAIA	Saia Inc	Pair Corr
0.97	ARCB	ArcBest Corp	Pair Corr
0.87	SKYW	SkyWest	Pair Corr
0.98	SNDR	Schneider National	Pair Corr
0.75	SNCY	Sun Country Airlines	Pair Corr
0.76	AZUL	Azul SA	Pair Corr
0.64	SRFM	Surf Air Mobility	Pair Corr
0.94	TFII	TFI International Buyout Trend	Pair Corr

Moving against Werner Stock

0.63	LTM	LATAM Airlines Group	Pair Corr
0.56	CPA	Copa Holdings SA	Pair Corr
0.73	ATSG	Air Transport Services	Pair Corr
0.4	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	HTLD	ULH	PTSI	SNDR	MRTN	CVLG	KNX	USX
HTLD		0.78	0.0	0.96	0.93	0.51	0.97	0.0	HTLD
ULH	0.78		0.0	0.87	0.86	0.56	0.8	0.0	ULH
PTSI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PTSI
SNDR	0.96	0.87	0.0		0.96	0.54	0.96	0.0	SNDR
MRTN	0.93	0.86	0.0	0.96		0.52	0.92	0.0	MRTN
CVLG	0.51	0.56	0.0	0.54	0.52		0.46	0.0	CVLG
KNX	0.97	0.8	0.0	0.96	0.92	0.46		0.0	KNX
USX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		USX
	HTLD	ULH	PTSI	SNDR	MRTN	CVLG	KNX	USX

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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

KNX	+ 0.97	HTLD
SNDR	+ 0.96	HTLD
MRTN	+ 0.96	SNDR
KNX	+ 0.96	SNDR
MRTN	+ 0.93	HTLD
KNX	+ 0.92	MRTN

High negative correlations

USX	- 0.0	KNX
USX	- 0.0	CVLG
USX	- 0.0	MRTN
USX	- 0.0	SNDR
USX	- 0.0	PTSI
KNX	- 0.0	PTSI

Risk-Adjusted Indicators

There is a big difference between Werner Stock performing well and Werner Enterprises 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 Werner Enterprises' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HTLD	1.54	(0.27)	(0.51)	2.65	(3.65)	9.79
ULH	2.54	(0.66)	(0.72)	3.82	(5.35)	22.95
PTSI	0.00	0.00	0.00	0.00	0.00	0.00
SNDR	1.38	(0.30)	(0.50)	2.42	(3.30)	10.90
MRTN	1.31	(0.14)	(0.41)	2.82	(2.68)	8.96
CVLG	2.61	(0.97)	(0.87)	2.70	(3.35)	51.25
KNX	1.57	(0.24)	(0.36)	2.97	(2.70)	16.79
USX	0.00	0.00	0.00	0.00	0.00	0.00

Werner Enterprises Corporate Executives

Elected by the shareholders, the Werner Enterprises' board of directors comprises two types of representatives: Werner Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Werner. The board's role is to monitor Werner Enterprises' management team and ensure that shareholders' interests are well served. Werner Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Werner Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.

John Steele	CFO, Executive VP and Treasurer	Profile
Eric Downing	Executive COO	Profile
Derek Leathers	Pres and COO	Profile

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