World Acceptance Correlations

WRLD Stock

USD 129.55 1.15 0.90%

The current 90-days correlation between World Acceptance and Green Dot is 0.5 (i.e., Very weak diversification). The correlation of World Acceptance 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.

World Acceptance Correlation With Market

Poor diversification

The correlation between World Acceptance and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Acceptance and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade World Stock refer to our How to Trade World Stock guide.

Moving together with World Stock

0.64	V	Visa Class A Earnings Call This Week	Pair Corr
0.73	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.8	MA	Mastercard Earnings Call This Week	Pair Corr
0.72	FDUS	Fidus Investment Corp	Pair Corr
0.77	AMP	Ameriprise Financial Earnings Call Today	Pair Corr
0.8	AXP	American Express	Pair Corr
0.71	BLK	BlackRock	Pair Corr
0.78	FSK	FS KKR Capital	Pair Corr
0.69	SCM	Stellus Capital Inve	Pair Corr
0.71	TPG	TPG Inc	Pair Corr
0.62	WHF	WhiteHorse Finance	Pair Corr
0.66	GLAD	Gladstone Capital Earnings Call This Week	Pair Corr
0.73	GROW	US Global Investors	Pair Corr
0.79	MAIN	Main Street Capital	Pair Corr
0.72	MBIN	Merchants Bancorp Earnings Call This Week	Pair Corr
0.73	APAM	Artisan Partners Asset	Pair Corr
0.81	SEIC	SEI Investments	Pair Corr
0.67	CNNE	Cannae Holdings	Pair Corr
0.67	CODI	Compass Diversified Earnings Call This Week	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr

Moving against World Stock

0.69	PFX	Phenixfin	Pair Corr
0.53	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.61	CB	Chubb	Pair Corr
0.4	EG	Everest Group Earnings Call This Week	Pair Corr
0.37	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	FCFS	ENVA	GDOT	MFIN	IX	CPSS	EZPW	SLM	NAVI
FCFS		-0.59	-0.26	-0.13	-0.45	-0.71	0.89	-0.35	-0.74	FCFS
ENVA	-0.59		0.87	0.26	0.49	0.85	-0.66	0.53	0.66	ENVA
GDOT	-0.26	0.87		0.24	0.33	0.72	-0.37	0.49	0.47	GDOT
MFIN	-0.13	0.26	0.24		0.52	0.2	-0.31	-0.05	0.19	MFIN
IX	-0.45	0.49	0.33	0.52		0.28	-0.62	0.65	0.76	IX
CPSS	-0.71	0.85	0.72	0.2	0.28		-0.74	0.33	0.63	CPSS
EZPW	0.89	-0.66	-0.37	-0.31	-0.62	-0.74		-0.41	-0.82	EZPW
SLM	-0.35	0.53	0.49	-0.05	0.65	0.33	-0.41		0.78	SLM
NAVI	-0.74	0.66	0.47	0.19	0.76	0.63	-0.82	0.78		NAVI
	FCFS	ENVA	GDOT	MFIN	IX	CPSS	EZPW	SLM	NAVI

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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

EZPW	+ 0.89	FCFS
GDOT	+ 0.87	ENVA
CPSS	+ 0.85	ENVA
NAVI	+ 0.78	SLM
NAVI	+ 0.76	IX
CPSS	+ 0.72	GDOT

High negative correlations

NAVI	- 0.82	EZPW
EZPW	- 0.74	CPSS
NAVI	- 0.74	FCFS
CPSS	- 0.71	FCFS
EZPW	- 0.66	ENVA
EZPW	- 0.62	IX

Risk-Adjusted Indicators

There is a big difference between World Stock performing well and World Acceptance 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 World Acceptance'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
FCFS	1.05	0.16	0.19	0.41	1.22	(1.14)	1.97	(2.33)	7.65
ENVA	2.18	0.06	0.00	(0.10)	0.00	0.00	3.76	(4.73)	17.40
GDOT	3.02	0.17	0.00	(0.04)	0.00	0.00	3.95	(6.36)	25.39
MFIN	1.63	0.04	0.00	(0.05)	0.00	0.00	3.08	(4.81)	12.13
IX	1.26	0.08	0.00	(0.04)	0.00	0.00	2.37	(3.05)	10.23
CPSS	2.60	(0.30)	0.00	(0.76)	0.00	0.00	4.19	(7.15)	17.77
EZPW	1.51	0.41	0.37	(6.47)	1.15	(1.83)	4.10	(2.13)	12.14
SLM	1.88	0.17	0.00	(0.01)	0.00	0.00	3.52	(4.23)	15.10
NAVI	1.85	(0.05)	0.00	(0.18)	0.00	0.00	3.46	(4.82)	16.36

World Acceptance Corporate Executives

Elected by the shareholders, the World Acceptance's board of directors comprises two types of representatives: World Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of World. The board's role is to monitor World Acceptance's management team and ensure that shareholders' interests are well served. World Acceptance'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, World Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.

John Calmes

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