Wegener Correlations

Summary

WGNRDelisted Stock

USD 0.04 0.00 0.00%

The correlation of Wegener 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Wegener Correlation With Market

Good diversification

The correlation between Wegener and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wegener and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wegener could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wegener when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wegener - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wegener to buy it.

Moving together with Wegener Pink Sheet

0.73	WEBB	Web Global Holdings	Pair Corr
0.63	CETXP	Cemtrex Pref	Pair Corr
0.61	ENV	Envestnet	Pair Corr
0.61	INST	Instructure Holdings	Pair Corr

Moving against Wegener Pink Sheet

0.77	DZSI	DZS Inc	Pair Corr
0.74	DLPX	Delphax Technologies	Pair Corr
0.72	XELAP	Exela Technologies	Pair Corr
0.6	FOXX	Foxx Development Holdings Upward Rally	Pair Corr
0.53	VHAI	VHAI	Pair Corr
0.5	PERL	Perla Group International	Pair Corr
0.49	VEEA	Veea Inc Symbol Change	Pair Corr
0.41	MINM	Minim Inc	Pair Corr
0.81	GETR	Getaround	Pair Corr
0.79	ZPTAW	Zapata Computing Holdings	Pair Corr
0.79	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.76	VLD	Velo3D Inc	Pair Corr
0.71	SBIGW	SpringBig Holdings	Pair Corr
0.67	XELA	Exela Technologies	Pair Corr
0.66	EVOL	Evolving Systems	Pair Corr
0.31	WCT	Wellchange Holdings	Pair Corr
0.66	NMGC	NeoMagic	Pair Corr
0.65	NOVA	Sunnova Energy Inter	Pair Corr
0.58	NLST	Netlist	Pair Corr
0.46	MARK	Remark Holdings	Pair Corr

Related Correlations Analysis

	EZEN	PWFL	KN	CMTL	MOBBW	WTT	SYTA	SATX	ASNS
EZEN		-0.62	-0.13	0.51	0.12	-0.18	-0.45	0.05	0.13	EZEN
PWFL	-0.62		-0.18	-0.41	-0.16	-0.08	0.7	-0.05	0.11	PWFL
KN	-0.13	-0.18		-0.46	0.76	0.73	-0.47	0.77	-0.69	KN
CMTL	0.51	-0.41	-0.46		-0.31	-0.65	-0.25	-0.6	0.43	CMTL
MOBBW	0.12	-0.16	0.76	-0.31		0.57	-0.5	0.76	-0.78	MOBBW
WTT	-0.18	-0.08	0.73	-0.65	0.57		-0.32	0.75	-0.64	WTT
SYTA	-0.45	0.7	-0.47	-0.25	-0.5	-0.32		-0.32	0.43	SYTA
SATX	0.05	-0.05	0.77	-0.6	0.76	0.75	-0.32		-0.72	SATX
ASNS	0.13	0.11	-0.69	0.43	-0.78	-0.64	0.43	-0.72		ASNS
	EZEN	PWFL	KN	CMTL	MOBBW	WTT	SYTA	SATX	ASNS

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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

SATX	+ 0.77	KN
MOBBW	+ 0.76	KN
SATX	+ 0.76	MOBBW
SATX	+ 0.75	WTT
WTT	+ 0.73	KN
SYTA	+ 0.7	PWFL

High negative correlations

ASNS	- 0.78	MOBBW
ASNS	- 0.72	SATX
ASNS	- 0.69	KN
WTT	- 0.65	CMTL
ASNS	- 0.64	WTT
PWFL	- 0.62	EZEN

Risk-Adjusted Indicators

There is a big difference between Wegener Pink Sheet performing well and Wegener 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 Wegener'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
EZEN	0.15	0.06	0.00	0.56	0.00	0.00	0.00	0.00	3.70
PWFL	2.45	0.11	0.02	0.57	3.34	(2.51)	5.38	(6.39)	14.35
KN	1.43	0.17	0.12	0.14	1.45	(1.65)	2.49	(2.58)	12.11
CMTL	5.02	0.26	0.04	0.75	6.38	(6.00)	14.52	(8.43)	40.77
MOBBW	13.90	4.54	0.28	(1.79)	9.67	(27.34)	47.50	(16.92)	104.21
WTT	1.16	0.29	0.13	(1.00)	1.17	(2.12)	1.13	(1.21)	30.04
SYTA	6.83	(0.11)	0.00	0.07	0.00	0.00	12.61	(12.79)	114.24
SATX	3.98	0.86	0.18	33.30	3.46	(6.34)	13.19	(6.56)	29.17
ASNS	2.73	(0.45)	0.00	(0.36)	0.00	0.00	4.41	(5.11)	14.06

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Still Interested in Wegener?

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