Western Union Correlations

WU Stock

USD 9.80 0.33 3.26%

The current 90-days correlation between Western Union and Navient Corp is 0.45 (i.e., Very weak diversification). The correlation of Western Union 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.

Western Union Correlation With Market

Very weak diversification

The correlation between Western Union Co and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Union Co 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 Western Union Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Western Stock

0.61	DB	Deutsche Bank AG	Pair Corr
0.66	DX	Dynex Capital	Pair Corr
0.61	XP	Xp Inc	Pair Corr

Moving against Western Stock

0.57	CG	Carlyle Group	Pair Corr
0.57	LC	LendingClub Corp	Pair Corr
0.55	BX	Blackstone Group	Pair Corr
0.5	MC	Moelis	Pair Corr
0.5	RC	Ready Capital Corp	Pair Corr
0.49	SF	Stifel Financial	Pair Corr
0.46	PX	P10 Inc	Pair Corr
0.45	RM	Regional Management Corp	Pair Corr
0.44	BN	Brookfield Corp	Pair Corr
0.42	WD	Walker Dunlop	Pair Corr
0.39	MS	Morgan Stanley Earnings Call This Week	Pair Corr
0.31	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.57	WT	WisdomTree	Pair Corr
0.53	VRTS	Virtus Investment	Pair Corr
0.52	ECPG	Encore Capital Group	Pair Corr
0.48	LGHLW	Lion Financial Group	Pair Corr
0.44	VCTR	Victory Capital Holdings	Pair Corr
0.43	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP
NAVI		0.03	0.25	-0.22	0.65	0.6	0.65	0.48	0.67	0.6	NAVI
GDOT	0.03		0.03	-0.49	0.45	0.48	0.34	0.77	0.43	0.65	GDOT
IX	0.25	0.03		-0.1	-0.06	0.25	0.23	0.1	0.0	0.08	IX
FCFS	-0.22	-0.49	-0.1		-0.3	-0.05	-0.73	-0.58	-0.23	-0.54	FCFS
DFS	0.65	0.45	-0.06	-0.3		0.82	0.59	0.82	0.98	0.91	DFS
ALLY	0.6	0.48	0.25	-0.05	0.82		0.37	0.73	0.87	0.77	ALLY
SYF-PA	0.65	0.34	0.23	-0.73	0.59	0.37		0.65	0.58	0.71	SYF-PA
BFH	0.48	0.77	0.1	-0.58	0.82	0.73	0.65		0.79	0.96	BFH
COF	0.67	0.43	0.0	-0.23	0.98	0.87	0.58	0.79		0.88	COF
AXP	0.6	0.65	0.08	-0.54	0.91	0.77	0.71	0.96	0.88		AXP
	NAVI	GDOT	IX	FCFS	DFS	ALLY	SYF-PA	BFH	COF	AXP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

COF	+ 0.98	DFS
AXP	+ 0.96	BFH
AXP	+ 0.91	DFS
AXP	+ 0.88	COF
COF	+ 0.87	ALLY
ALLY	+ 0.82	DFS

High negative correlations

SYF-PA	- 0.73	FCFS
BFH	- 0.58	FCFS
AXP	- 0.54	FCFS
FCFS	- 0.49	GDOT
DFS	- 0.3	FCFS
COF	- 0.23	FCFS

Risk-Adjusted Indicators

There is a big difference between Western Stock performing well and Western Union 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 Western Union'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
NAVI	1.59	0.01	0.00	(0.15)	0.00	0.00	2.85	(3.48)	12.43
GDOT	2.70	(0.18)	0.00	(0.28)	0.00	0.00	3.80	(6.36)	23.94
IX	1.14	(0.02)	0.00	(0.19)	0.00	0.00	1.82	(3.27)	7.70
FCFS	1.00	0.33	0.33	0.82	1.05	(1.10)	2.51	(2.20)	6.71
DFS	2.27	0.09	0.00	(0.11)	0.00	0.00	3.73	(6.29)	15.88
ALLY	1.69	0.09	0.00	(0.10)	0.00	0.00	3.38	(3.67)	15.99
SYF-PA	0.66	(0.11)	0.00	(0.46)	0.00	0.00	1.28	(1.71)	5.87
BFH	1.94	(0.26)	0.00	(0.31)	0.00	0.00	3.60	(4.59)	17.97
COF	2.00	0.06	0.00	(0.13)	0.00	0.00	3.45	(5.37)	13.95
AXP	1.48	(0.09)	0.00	(0.22)	0.00	0.00	2.72	(4.07)	13.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC