Wing Yip Correlations

Stocks . USA . 
Stock . Wing Yip Food
WYHG Stock   8.99  0.08  0.88%   
The current 90-days correlation between Wing Yip Food and Park Electrochemical is -0.22 (i.e., Very good diversification). The correlation of Wing Yip 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.

Wing Yip Correlation With Market

Good diversification

The correlation between Wing Yip Food and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wing Yip Food 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 Wing Yip Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Wing Stock

  0.81BRLSW Borealis FoodsPairCorr
  0.79COOTW Australian OilseedsPairCorr
  0.88K Kellanova Sell-off TrendPairCorr
  0.76BJ BJs Wholesale ClubPairCorr
  0.9KO Coca Cola Aggressive PushPairCorr
  0.81KR Kroger CompanyPairCorr
  0.75MO Altria GroupPairCorr
  0.76PG Procter GamblePairCorr
  0.93PM Philip Morris InternPairCorr
  0.81DOLE Dole PLCPairCorr
  0.83FARM Farmer BrosPairCorr
  0.83WVVI Willamette ValleyPairCorr

Moving against Wing Stock

  0.82LW Lamb Weston HoldingsPairCorr
  0.78ORIS Oriental Rise HoldingsPairCorr
  0.75SNAX Stryve FoodsPairCorr
  0.71IMG CIMG Inc Symbol ChangePairCorr
  0.63GO Grocery Outlet HoldingPairCorr
  0.6BG Bunge LimitedPairCorr
  0.49EL Estee Lauder CompaniesPairCorr
  0.45FC Franklin CoveyPairCorr
  0.38SOWG Sow Good CommonPairCorr
  0.31DLTR Dollar TreePairCorr
  0.85DTCK Davis CommoditiesPairCorr
  0.83XAGE Longevity Health Hol Symbol ChangePairCorr
  0.8EDBL Edible Garden AGPairCorr
  0.79VITL Vital FarmsPairCorr
  0.77FIZZ National Beverage CorpPairCorr
  0.74FAMI Farmmi IncPairCorr
  0.66CLX CloroxPairCorr
  0.64ADM Archer Daniels MidlandPairCorr
  0.57AVO Mission ProducePairCorr
  0.5AQB AquaBounty TechnologiesPairCorr
  0.32IMKTA Ingles MarketsPairCorr

Related Correlations Analysis

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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   
AEG
+ 0.75
ALHC
SPNT
+ 0.54
ALHC
PKE
+ 0.53
PCTTU
AXTA
+ 0.5
PKE
AXTA
+ 0.29
AEG
SPNT
+ 0.27
AEG
  
High negative correlations   
ALHC
- 0.79
PCTTU
AEG
- 0.62
PCTTU
AXTA
- 0.57
SPNT
SPNT
- 0.49
PCTTU
PKE
- 0.35
ALHC
PKE
- 0.31
SPNT

Risk-Adjusted Indicators

There is a big difference between Wing Stock performing well and Wing Yip 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 Wing Yip'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.

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