WCHN Related Correlations
Generate correlation matrix for WCHN and other related equities to check the degree to which WCHN price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for WCHN. To filter out specific equities, please toggle its corresponding legend item. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
The market value of WCHN is measured differently than its book value, which is the value of WCHN that is recorded on the company's balance sheet. Investors also form their own opinion of WCHN's value that differs from its market value or its book value, called intrinsic value, which is WCHN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WCHN's market value can be influenced by many factors that don't directly affect WCHN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WCHN's value and its price as these two are different measures arrived at by different means. Investors typically determine if WCHN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WCHN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Correlations
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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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WCHN Constituents Risk-Adjusted Indicators
There is a big difference between WCHN Etf performing well and WCHN ETF 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 WCHN'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WCHN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHDG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Z | 2.00 | (0.45) | 0.00 | (0.13) | 0.00 | 3.47 | 21.25 | |||
| MBCC | 0.58 | 0.03 | 0.03 | 0.09 | 0.59 | 1.36 | 3.98 | |||
| MBBB | 0.27 | (0.05) | 0.00 | (0.68) | 0.00 | 0.48 | 1.75 | |||
| BZDYF | 0.20 | 0.01 | (0.04) | (0.05) | 0.44 | 0.63 | 2.34 | |||
| MBOX | 0.56 | 0.04 | 0.05 | 0.10 | 0.61 | 1.04 | 2.92 | |||
| MBNE | 0.12 | (0.02) | 0.00 | 6.44 | 0.00 | 0.24 | 0.84 | |||
| MBND | 0.16 | (0.01) | 0.00 | 0.26 | 0.00 | 0.33 | 1.46 |