Wickes Group Correlations

WIX Stock

233.00 0.50 0.22%

The current 90-days correlation between Wickes Group PLC and MoneysupermarketCom Group PLC is 0.06 (i.e., Significant diversification). The correlation of Wickes Group 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.

Wickes Group Correlation With Market

Weak diversification

The correlation between Wickes Group PLC and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wickes Group PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wickes Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wickes Group 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 Wickes Group - 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 Wickes Group PLC to buy it.

Moving together with Wickes Stock

0.75	SMSD	Samsung Electronics	Pair Corr
0.66	AXB	Axis Bank	Pair Corr
0.74	RSG	Resolute Mining	Pair Corr
0.61	0HIT	Iberdrola	Pair Corr
0.76	DFS	DFS Furniture PLC	Pair Corr
0.69	EWI	Edinburgh Worldwide	Pair Corr
0.73	0RQ9	Lundin Mining Corp	Pair Corr

Related Correlations Analysis

	MONY	0GM2	SYNT	ELLA	0LVK	0GW8	SUPR	0RIP
MONY		0.57	0.38	-0.68	0.66	-0.54	-0.41	0.79	MONY
0GM2	0.57		0.61	-0.68	0.9	0.12	-0.46	0.63	0GM2
SYNT	0.38	0.61		-0.56	0.64	0.03	-0.61	0.48	SYNT
ELLA	-0.68	-0.68	-0.56		-0.77	0.15	0.56	-0.69	ELLA
0LVK	0.66	0.9	0.64	-0.77		0.01	-0.56	0.74	0LVK
0GW8	-0.54	0.12	0.03	0.15	0.01		0.22	-0.46	0GW8
SUPR	-0.41	-0.46	-0.61	0.56	-0.56	0.22		-0.6	SUPR
0RIP	0.79	0.63	0.48	-0.69	0.74	-0.46	-0.6		0RIP
	MONY	0GM2	SYNT	ELLA	0LVK	0GW8	SUPR	0RIP

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

0LVK	+ 0.9	0GM2
0RIP	+ 0.79	MONY
0RIP	+ 0.74	0LVK
0LVK	+ 0.66	MONY
0LVK	+ 0.64	SYNT
0RIP	+ 0.63	0GM2

High negative correlations

0LVK	- 0.77	ELLA
0RIP	- 0.69	ELLA
ELLA	- 0.68	0GM2
ELLA	- 0.68	MONY
SUPR	- 0.61	SYNT
0RIP	- 0.6	SUPR

Risk-Adjusted Indicators

There is a big difference between Wickes Stock performing well and Wickes Group 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 Wickes Group'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
MONY	0.73	(0.20)	0.00	(0.87)	0.00	0.00	0.97	(1.57)	7.30
0GM2	0.90	(0.07)	0.00	1.87	0.00	0.00	1.90	(1.50)	6.22
SYNT	2.59	(0.06)	(0.01)	0.03	2.93	(2.99)	5.59	(4.03)	17.08
ELLA	0.40	0.04	(0.03)	(2.08)	0.43	(0.82)	1.05	(1.03)	2.74
0LVK	2.25	(0.33)	0.00	(0.32)	0.00	0.00	4.55	(4.67)	11.68
0GW8	1.30	0.08	0.01	0.51	1.56	(1.36)	2.47	(2.60)	9.41
SUPR	0.74	0.02	(0.04)	0.17	0.89	(0.80)	1.67	(1.41)	3.56
0RIP	1.29	(0.33)	0.00	(0.23)	0.00	0.00	2.82	(3.64)	11.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wickes Group 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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Wickes Group Corporate Management

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

Owen Anderson	Head Sustainability	Profile
John Grant	Head Quality	Profile
Tom Major	Head Facilities	Profile
Sonia Astill	Chief Officer	Profile
Mark Cooke	Chief Officer	Profile
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