WILLIS LEASE Correlations

WIJ Stock

EUR 110.00 4.00 3.51%

The current 90-days correlation between WILLIS LEASE FIN and SBI Insurance Group is 0.17 (i.e., Average diversification). The correlation of WILLIS LEASE 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.

WILLIS LEASE Correlation With Market

Good diversification

The correlation between WILLIS LEASE FIN 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 WILLIS LEASE FIN and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WILLIS LEASE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WILLIS LEASE 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 WILLIS LEASE - 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 WILLIS LEASE FIN to buy it.

Moving together with WILLIS Stock

0.62	61F	ELEMENT FLEET MGMT	Pair Corr
0.62	T9W	THES WATER SS	Pair Corr

Moving against WILLIS Stock

0.64	W5E	Peel Mining Limited	Pair Corr
0.6	BBZA	BB Biotech AG	Pair Corr
0.53	BBZA	BB Biotech AG	Pair Corr
0.53	RNF	Meteoric Resources	Pair Corr
0.42	3AL	ALD SA	Pair Corr
0.72	4GK	Axtel SAB de	Pair Corr
0.69	JPX	AeroVironment	Pair Corr
0.58	TSFA	Taiwan Semiconductor Earnings Call Today	Pair Corr
0.57	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.46	MOH	LVMH Mot Hennessy	Pair Corr
0.45	CW7	Shougang Concord Century	Pair Corr
0.45	ACE1	ACERINOX	Pair Corr
0.42	TLD	TINKA RESOURCES Split	Pair Corr
0.34	SOU	Singapore Exchange	Pair Corr
0.61	RPH1	Anglo American Platinum	Pair Corr
0.55	0M5	Bill Holdings	Pair Corr
0.5	KK3A	Cytokinetics Incorporated	Pair Corr
0.49	GGG	GUDANG GARAM	Pair Corr

Related Correlations Analysis

	AF4	EEW	PIR	45P	UN9	6P5	AC8	9GY
AF4		0.05	0.66	0.35	0.39	0.0	0.24	0.64	AF4
EEW	0.05		0.52	0.57	0.08	-0.46	0.67	0.26	EEW
PIR	0.66	0.52		0.5	0.48	-0.38	0.5	0.63	PIR
45P	0.35	0.57	0.5		0.14	-0.27	0.49	0.5	45P
UN9	0.39	0.08	0.48	0.14		-0.45	0.25	0.59	UN9
6P5	0.0	-0.46	-0.38	-0.27	-0.45		-0.51	-0.43	6P5
AC8	0.24	0.67	0.5	0.49	0.25	-0.51		0.45	AC8
9GY	0.64	0.26	0.63	0.5	0.59	-0.43	0.45		9GY
	AF4	EEW	PIR	45P	UN9	6P5	AC8	9GY

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

AC8	+ 0.67	EEW
PIR	+ 0.66	AF4
9GY	+ 0.64	AF4
9GY	+ 0.63	PIR
9GY	+ 0.59	UN9
45P	+ 0.57	EEW

High negative correlations

AC8	- 0.51	6P5
6P5	- 0.46	EEW
6P5	- 0.45	UN9
9GY	- 0.43	6P5
6P5	- 0.38	PIR
6P5	- 0.27	45P

Risk-Adjusted Indicators

There is a big difference between WILLIS Stock performing well and WILLIS LEASE 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 WILLIS LEASE'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
AF4	1.04	0.13	0.05	0.62	1.20	(1.19)	2.05	(2.12)	6.12
EEW	1.06	0.02	(0.04)	0.43	1.16	(1.43)	2.27	(2.15)	6.89
PIR	1.79	0.32	0.11	(1.34)	1.72	(2.36)	4.35	(2.94)	10.98
45P	1.93	0.12	0.01	16.70	2.63	(3.87)	4.08	(3.57)	26.57
UN9	1.34	0.19	0.06	(0.98)	1.44	(1.48)	3.15	(2.61)	7.95
6P5	1.89	(0.07)	0.00	(0.07)	0.00	0.00	4.34	(4.08)	10.66
AC8	0.99	(0.03)	0.00	0.18	0.00	0.00	2.09	(2.03)	7.31
9GY	2.42	0.67	0.17	(0.87)	2.31	(3.29)	6.62	(4.58)	20.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in WILLIS LEASE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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