Wildcat Resources Correlations

WC8 Stock   0.56  0.02  3.70%   
The correlation of Wildcat Resources 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wildcat Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wildcat Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Average diversification

The correlation between Wildcat Resources and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wildcat Resources and NYA in the same portfolio, assuming nothing else is changed.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wildcat Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
  
The ability to find closely correlated positions to Wildcat Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wildcat Resources 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 Wildcat Resources - 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 Wildcat Resources to buy it.

Moving together with Wildcat Stock

  0.64CBA Commonwealth BankPairCorr

Moving against Wildcat Stock

  0.46RMS Ramelius ResourcesPairCorr
  0.42AWC AluminaPairCorr
  0.41EVN Evolution MiningPairCorr
  0.41CBAPK Commonwealth BankPairCorr

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   
AOFNFNG
AOFGDC
EYEAOF
GDCRPL
GDCNFNG
GDCTWE
  
High negative correlations   
MVPAOF
MVPGDC
MVPRPL
MVPNFNG
MVPEYE
MVPTWE

Risk-Adjusted Indicators

There is a big difference between Wildcat Stock performing well and Wildcat Resources 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 Wildcat Resources' 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 Wildcat Resources 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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Wildcat Resources Corporate Executives

Elected by the shareholders, the Wildcat Resources' board of directors comprises two types of representatives: Wildcat Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wildcat. The board's role is to monitor Wildcat Resources' management team and ensure that shareholders' interests are well served. Wildcat Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wildcat Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in Wildcat Resources?

The danger of trading Wildcat Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wildcat Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wildcat Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wildcat Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wildcat Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Wildcat Resources information on this page should be used as a complementary analysis to other Wildcat Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Wildcat Stock analysis

When running Wildcat Resources' price analysis, check to measure Wildcat Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wildcat Resources is operating at the current time. Most of Wildcat Resources' value examination focuses on studying past and present price action to predict the probability of Wildcat Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wildcat Resources' price. Additionally, you may evaluate how the addition of Wildcat Resources to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Wildcat Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wildcat Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wildcat Resources' 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.