Wesure Global Correlations

WESR Stock

ILA 219.40 17.20 7.27%

The current 90-days correlation between Wesure Global Tech and Brack Capit N is -0.28 (i.e., Very good diversification). The correlation of Wesure Global 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.

Wesure Global Correlation With Market

Significant diversification

The correlation between Wesure Global Tech and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesure Global Tech and NYA in the same portfolio, assuming nothing else is changed.

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

Moving together with Wesure Stock

0.88

QLTU

Qualitau

Pair Corr

Moving against Wesure Stock

0.62	MIFT	Millennium Food Tech	Pair Corr
0.48	LPHL-L	Lapidoth Heletz	Pair Corr
0.38	LPHL	Lapidoth Heletz	Pair Corr

Related Correlations Analysis

	WESR	BCNV	BCOM	BRIN	AUSA	PHTM	YHNF	CBI	BEZQ	CMCT
WESR		0.42	-0.6	-0.37	-0.77	-0.26	0.86	0.41	-0.6	0.09	WESR
BCNV	0.42		-0.27	-0.47	-0.45	0.15	0.65	0.62	-0.35	-0.02	BCNV
BCOM	-0.6	-0.27		0.18	0.69	0.18	-0.5	0.03	0.94	0.25	BCOM
BRIN	-0.37	-0.47	0.18		0.17	0.11	-0.54	-0.4	0.24	-0.29	BRIN
AUSA	-0.77	-0.45	0.69	0.17		0.2	-0.74	-0.42	0.63	-0.11	AUSA
PHTM	-0.26	0.15	0.18	0.11	0.2		-0.23	-0.1	0.2	-0.43	PHTM
YHNF	0.86	0.65	-0.5	-0.54	-0.74	-0.23		0.58	-0.53	0.17	YHNF
CBI	0.41	0.62	0.03	-0.4	-0.42	-0.1	0.58		0.03	0.52	CBI
BEZQ	-0.6	-0.35	0.94	0.24	0.63	0.2	-0.53	0.03		0.21	BEZQ
CMCT	0.09	-0.02	0.25	-0.29	-0.11	-0.43	0.17	0.52	0.21		CMCT
	WESR	BCNV	BCOM	BRIN	AUSA	PHTM	YHNF	CBI	BEZQ	CMCT

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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

BEZQ	+ 0.94	BCOM
YHNF	+ 0.86	WESR
AUSA	+ 0.69	BCOM
YHNF	+ 0.65	BCNV
BEZQ	+ 0.63	AUSA
CBI	+ 0.62	BCNV

High negative correlations

AUSA	- 0.77	WESR
YHNF	- 0.74	AUSA
BEZQ	- 0.6	WESR
BCOM	- 0.6	WESR
YHNF	- 0.54	BRIN
BEZQ	- 0.53	YHNF

Risk-Adjusted Indicators

There is a big difference between Wesure Stock performing well and Wesure Global 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 Wesure Global'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
WESR	2.70	0.39	0.11	1.76	3.37	(2.93)	7.14	(5.29)	26.54
BCNV	2.50	0.32	0.04	0.34	3.32	(8.59)	6.95	(5.23)	46.79
BCOM	1.81	(0.28)	0.00	(1.16)	0.00	0.00	3.86	(3.40)	13.39
BRIN	2.68	0.04	0.01	0.02	3.26	(3.21)	6.69	(5.85)	16.38
AUSA	2.95	(1.50)	0.00	0.42	0.00	0.00	0.00	0.00	99.00
PHTM	2.25	0.29	0.09	0.38	2.42	(3.01)	6.60	(3.94)	27.43
YHNF	1.57	0.15	0.09	2.79	1.62	(1.77)	3.92	(2.85)	11.26
CBI	2.24	(0.08)	0.00	(0.31)	0.00	0.00	5.22	(4.66)	14.60
BEZQ	1.07	(0.15)	0.00	(0.54)	0.00	0.00	2.63	(2.11)	6.44
CMCT	0.68	(0.14)	0.00	(0.80)	0.00	0.00	0.21	(2.24)	18.43

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Our tools can tell you how much better you can do entering a position in Wesure Global 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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