WPP PLC Correlations

WPP Stock

USD 23.80 0.90 3.93%

The current 90-days correlation between WPP PLC ADR and Omnicom Group is 0.53 (i.e., Very weak diversification). The correlation of WPP PLC 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.

WPP PLC Correlation With Market

Weak diversification

The correlation between WPP PLC ADR and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WPP PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WPP Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WPP PLC ADR. 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.

Moving together with WPP Stock

0.73	CHR	Cheer Holding	Pair Corr
0.67	ILLM	illumin Holdings	Pair Corr
0.83	EBQ	Ebiquity Plc	Pair Corr
0.69	INTJ	Intelligent Group	Pair Corr
0.75	SAA	MC Saatchi	Pair Corr
0.62	VERTOZ	Vertoz Advertising	Pair Corr

Moving against WPP Stock

0.68	IAS	Integral Ad Science	Pair Corr
0.57	000917	Hunan TV Broadcast	Pair Corr
0.55	CCO	Clear Channel Outdoor	Pair Corr
0.45	HHS	Harte Hanks	Pair Corr
0.33	IPG	Interpublic Group Earnings Call Tomorrow	Pair Corr
0.32	VSME	VS Media Holdings	Pair Corr
0.6	INF	Informa PLC	Pair Corr
0.39	003010	Guangzhou Ruoyuchen Split	Pair Corr
0.36	AFFLE	Affle Limited	Pair Corr
0.31	OMC	Omnicom Group Earnings Call This Week	Pair Corr
0.63	002400	Guangdong Advertising	Pair Corr
0.62	IS3	I Synergy Group	Pair Corr

Related Correlations Analysis

	ZD	OMC	IPG	TSQ	CMPR	RELX	PUK
ZD		0.8	0.82	-0.55	0.86	-0.83	0.82	ZD
OMC	0.8		1.0	-0.51	0.74	-0.67	0.7	OMC
IPG	0.82	1.0		-0.52	0.76	-0.69	0.72	IPG
TSQ	-0.55	-0.51	-0.52		-0.75	0.7	-0.62	TSQ
CMPR	0.86	0.74	0.76	-0.75		-0.9	0.81	CMPR
RELX	-0.83	-0.67	-0.69	0.7	-0.9		-0.83	RELX
PUK	0.82	0.7	0.72	-0.62	0.81	-0.83		PUK
	ZD	OMC	IPG	TSQ	CMPR	RELX	PUK

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

IPG	+ 1.0	OMC
CMPR	+ 0.86	ZD
IPG	+ 0.82	ZD
PUK	+ 0.82	ZD
PUK	+ 0.81	CMPR
OMC	+ 0.8	ZD

High negative correlations

RELX	- 0.9	CMPR
PUK	- 0.83	RELX
RELX	- 0.83	ZD
CMPR	- 0.75	TSQ
RELX	- 0.69	IPG
RELX	- 0.67	OMC

Risk-Adjusted Indicators

There is a big difference between WPP Stock performing well and WPP PLC 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 WPP PLC'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
ZD	2.32	0.18	0.09	0.15	2.40	(2.62)	5.41	(4.39)	28.62
OMC	1.46	0.11	0.08	0.15	1.51	(1.70)	3.54	(2.41)	11.83
IPG	1.43	0.11	0.08	0.15	1.55	(1.64)	3.31	(2.37)	11.97
TSQ	1.70	(0.37)	0.00	1.82	0.00	0.00	2.63	(3.16)	19.77
CMPR	2.09	0.50	0.27	0.33	1.84	(2.85)	5.96	(3.25)	18.76
RELX	0.97	(0.29)	0.00	(0.38)	0.00	0.00	1.34	(2.64)	6.50
PUK	1.05	0.12	0.07	0.26	1.24	(1.14)	2.30	(1.99)	7.67

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