Correlation Between Willdan and TransUnion

Can any of the company-specific risk be diversified away by investing in both Willdan and TransUnion at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Willdan and TransUnion into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Willdan Group and TransUnion, you can compare the effects of market volatilities on Willdan and TransUnion and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Willdan with a short position of TransUnion. Check out your portfolio center. Please also check ongoing floating volatility patterns of Willdan and TransUnion.

Diversification Opportunities for Willdan and TransUnion

0.62

Correlation Coefficient

Willdan  TransUnion

Poor diversification

The 3 months correlation between Willdan and TransUnion is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding Willdan Group and TransUnion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TransUnion and Willdan is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Willdan Group are associated (or correlated) with TransUnion. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TransUnion has no effect on the direction of Willdan i.e., Willdan and TransUnion go up and down completely randomly.

Pair Corralation between Willdan and TransUnion

Given the investment horizon of 90 days Willdan Group is expected to generate 1.33 times more return on investment than TransUnion. However, Willdan is 1.33 times more volatile than TransUnion. It trades about 0.04 of its potential returns per unit of risk. TransUnion is currently generating about -0.01 per unit of risk. If you would invest  9,874  in Willdan Group on September 14, 2025 and sell it today you would earn a total of  477.00  from holding Willdan Group or generate 4.83% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Willdan Group  vs.  TransUnion

Willdan Group

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Willdan Group are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating fundamental indicators, Willdan may actually be approaching a critical reversion point that can send shares even higher in January 2026.

TransUnion

Risk-Adjusted Performance

Weakest

Over the last 90 days TransUnion has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, TransUnion is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Willdan and TransUnion

The main advantage of trading using opposite Willdan and TransUnion positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Willdan position performs unexpectedly, TransUnion can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TransUnion will offset losses from the drop in TransUnion's long position.

The idea behind Willdan Group and TransUnion pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.