Willscot Mobile Correlations
| WSC Stock | USD 39.15 0.43 1.11% |
The correlation of Willscot Mobile 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 Willscot Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willscot Mobile Mini 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.
Very weak diversification
The correlation between Willscot Mobile Mini and NYA is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Willscot Mobile Mini and NYA in the same portfolio, assuming nothing else is changed.
Willscot |
The ability to find closely correlated positions to Willscot Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Willscot Mobile 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 Willscot Mobile - 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 Willscot Mobile Mini to buy it.
Moving together with Willscot Stock
Moving against Willscot Stock
| 0.79 | FTAI | Fortress Transp Infra | PairCorr |
| 0.75 | GSL | Global Ship Lease Financial Report 8th of May 2024 | PairCorr |
| 0.75 | TGH-PA | Textainer Group Holdings Earnings Call Today | PairCorr |
| 0.73 | AL | Air Lease Earnings Call This Week | PairCorr |
| 0.73 | FTAIM | FTAI Aviation | PairCorr |
| 0.7 | TGH-PB | Textainer Group Holdings | PairCorr |
| 0.58 | AER | AerCap Holdings NV Financial Report 7th of May 2024 | PairCorr |
| 0.42 | HEES | HE Equipment Services | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Willscot Stock performing well and Willscot Mobile 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 Willscot Mobile'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HEES | 1.56 | 0.07 | 0.08 | 0.11 | 1.82 | 3.50 | 11.36 | |||
| GATX | 0.96 | (0.05) | (0.03) | 0.03 | 1.41 | 1.72 | 6.05 | |||
| MGRC | 0.86 | (0.05) | (0.07) | 0.01 | 1.06 | 1.65 | 13.21 | |||
| ALTG | 2.07 | (0.03) | 0.04 | 0.07 | 2.18 | 5.39 | 12.81 | |||
| R | 1.34 | 0.01 | 0.02 | 0.09 | 1.81 | 2.06 | 11.79 | |||
| CTOS | 1.76 | (0.44) | 0.00 | (0.16) | 0.00 | 2.88 | 21.66 | |||
| AAN | 2.27 | (0.64) | 0.00 | (0.31) | 0.00 | 3.82 | 22.32 | |||
| HRI | 1.61 | (0.07) | 0.02 | 0.05 | 2.44 | 3.46 | 15.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Willscot Mobile 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.Did you try this?
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Willscot Mobile Corporate Directors
Willscot Mobile corporate directors refer to members of a Willscot Mobile board of directors. The board of directors generally takes responsibility for the Willscot Mobile's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Willscot Mobile's board members must vote for the resolution. The Willscot Mobile board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dennis Miller | Nominee Independent Director | Profile | |
| Fredric Rosen | Nominee Independent Director | Profile | |
| Rebecca Owen | Director | Profile | |
| Mark Bartlett | Director | Profile |
Already Invested in Willscot Mobile Mini?
The danger of trading Willscot Mobile Mini 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 Willscot Mobile 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 Willscot Mobile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Willscot Mobile Mini 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.
When determining whether Willscot Mobile Mini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Willscot Mobile's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Willscot Mobile Mini Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Willscot Mobile Mini Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Willscot Mobile Mini. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Willscot Stock analysis
When running Willscot Mobile's price analysis, check to measure Willscot Mobile's 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 Willscot Mobile is operating at the current time. Most of Willscot Mobile's value examination focuses on studying past and present price action to predict the probability of Willscot Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Willscot Mobile's price. Additionally, you may evaluate how the addition of Willscot Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Willscot Mobile's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Willscot Mobile. If investors know Willscot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Willscot Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.081 | Earnings Share 1.69 | Revenue Per Share 11.91 | Quarterly Revenue Growth 0.037 | Return On Assets 0.0756 |
The market value of Willscot Mobile Mini is measured differently than its book value, which is the value of Willscot that is recorded on the company's balance sheet. Investors also form their own opinion of Willscot Mobile's value that differs from its market value or its book value, called intrinsic value, which is Willscot Mobile'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 Willscot Mobile's market value can be influenced by many factors that don't directly affect Willscot Mobile'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 Willscot Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Willscot Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Willscot Mobile'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.