WHIreland Correlations

Stocks . UK . 
Stock . WHIreland Group
WHI Stock   1.05  0.05  4.55%   
The current 90-days correlation between WHIreland Group and Spirent Communications plc is -0.04 (i.e., Good diversification). The correlation of WHIreland 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.

WHIreland Correlation With Market

Good diversification

The correlation between WHIreland Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WHIreland Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to WHIreland could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WHIreland when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WHIreland - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WHIreland Group to buy it.

Moving against WHIreland Stock

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Related Correlations Analysis


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

CMCL
+ 0.97
0R0U
ISLN
+ 0.94
0R0U
CMCL
+ 0.93
ISLN
CMCL
+ 0.88
AAZ
ZEG
+ 0.86
0R0U
BVC
+ 0.86
ISLN
  

High negative correlations

0R9C
- 0.86
ZEG
0R9C
- 0.82
0R0U
0R9C
- 0.74
CMCL
0R9C
- 0.64
ISLN
0R9C
- 0.56
AAZ
0R9C
- 0.49
BVC

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in WHIreland without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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WHIreland Corporate Management

Elected by the shareholders, the WHIreland's board of directors comprises two types of representatives: WHIreland inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WHIreland. The board's role is to monitor WHIreland's management team and ensure that shareholders' interests are well served. WHIreland'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, WHIreland's outside directors are responsible for providing unbiased perspectives on the board's policies.
Adrian HaddenManaging FinProfile
Karen BarnettHR DirectorProfile
John CumminsCOO ResearchProfile
Craig AllisonJoint ManagementProfile
Phillip WaleCEO DirectorProfile
Adam PollockHead BusProfile
Ian BradyChief OfficerProfile
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