Willamette Valley Correlations
| WVVIP Preferred Stock | USD 3.29 0.12 3.79% |
The current 90-days correlation between Willamette Valley and Willamette Valley Vineyards is -0.17 (i.e., Good diversification). The correlation of Willamette Valley 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.
Willamette Valley Correlation With Market
Very good diversification
The correlation between Willamette Valley Vineyards and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willamette Valley Vineyards and DJI in the same portfolio, assuming nothing else is changed.
Willamette |
The ability to find closely correlated positions to Willamette Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Willamette Valley 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 Willamette Valley - 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 Willamette Valley Vineyards to buy it.
Moving together with Willamette Preferred Stock
| 0.65 | DEO | Diageo PLC ADR Earnings Call This Week | PairCorr |
| 0.68 | SBEV | Splash Beverage Group | PairCorr |
| 0.71 | GO | Grocery Outlet Holding Earnings Call This Week | PairCorr |
| 0.61 | FARM | Farmer Bros | PairCorr |
Moving against Willamette Preferred Stock
| 0.77 | DG | Dollar General | PairCorr |
| 0.64 | EL | Estee Lauder Companies | PairCorr |
| 0.5 | PM | Philip Morris Intern | PairCorr |
| 0.41 | TR | Tootsie Roll Industries | PairCorr |
| 0.32 | MO | Altria Group Earnings Call Today | PairCorr |
| 0.65 | AVO | Mission Produce | PairCorr |
| 0.63 | DISTR | Distoken Acquisition | PairCorr |
| 0.61 | DLTR | Dollar Tree | PairCorr |
| 0.61 | BTI | British American Tobacco Earnings Call Tomorrow | PairCorr |
| 0.61 | BUD | Anheuser Busch Inbev Earnings Call Today | PairCorr |
| 0.56 | FAMI | Farmmi Inc | PairCorr |
| 0.53 | ADM | Archer Daniels Midland | PairCorr |
| 0.49 | WILC | G Willi Food | PairCorr |
| 0.47 | AQB | AquaBounty Technologies | PairCorr |
| 0.45 | DTCK | Davis Commodities | PairCorr |
| 0.43 | ACU | Acme United | PairCorr |
| 0.38 | BOF | BranchOut Food Common | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Willamette Preferred Stock performing well and Willamette Valley 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 Willamette Valley'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WVVI | 1.64 | (0.39) | 0.00 | (0.47) | 0.00 | 3.16 | 14.22 | |||
| MJWNY | 0.37 | 0.10 | 0.00 | (0.45) | 0.00 | 0.00 | 19.06 | |||
| ADWPF | 0.89 | 0.29 | 0.09 | 4.58 | 0.43 | 2.10 | 14.05 | |||
| ICNB | 11.94 | 6.74 | 0.00 | (1.36) | 0.00 | 0.00 | 400.00 | |||
| NWINF | 2.60 | 0.22 | (0.03) | (0.02) | 3.03 | 8.70 | 25.65 | |||
| WHLRP | 1.33 | 0.10 | (0.03) | (0.73) | 1.57 | 4.75 | 11.68 | |||
| WHLRD | 0.80 | 0.00 | (0.09) | 0.14 | 1.15 | 2.04 | 8.39 | |||
| WTFCM | 0.09 | 0.03 | (0.88) | 7.90 | 0.00 | 0.33 | 0.78 | |||
| CETXP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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