UNIPHAR PLC Correlations
| 0NR Stock | EUR 2.00 0.04 2.04% |
The current 90-days correlation between UNIPHAR PLC EO and Federal Agricultural Mortgage is 0.04 (i.e., Significant diversification). The correlation of UNIPHAR PLC 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.
UNIPHAR PLC Correlation With Market
Significant diversification
The correlation between UNIPHAR PLC EO and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNIPHAR PLC EO and DJI in the same portfolio, assuming nothing else is changed.
UNIPHAR |
The ability to find closely correlated positions to UNIPHAR PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNIPHAR PLC 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 UNIPHAR PLC - 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 UNIPHAR PLC EO to buy it.
Moving together with UNIPHAR Stock
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| 0.91 | HX1A | HEXINDO ADIPERKASA | PairCorr |
| 0.61 | I41 | INDIKA ENERGY | PairCorr |
Moving against UNIPHAR Stock
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| 0.73 | FME | Fresenius Medical Care | PairCorr |
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| 0.62 | T9Q | TOTAL BANGUN PERSAD | PairCorr |
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| 0.92 | EV9 | Entravision Communications | PairCorr |
| 0.91 | V71 | HUT 8 P | PairCorr |
| 0.88 | AF4 | Hanover Insurance | PairCorr |
| 0.87 | UN3 | United Natural Foods | PairCorr |
| 0.8 | MM3 | Merit Medical Systems | PairCorr |
| 0.76 | 36E | GFL ENVIRONM | PairCorr |
| 0.67 | 9MDA | MEITUAN UNSPADR/2B Earnings Call This Week | PairCorr |
| 0.66 | 59M | MSAD INSURANCE | PairCorr |
| 0.65 | 9MD | Meituan Earnings Call This Week | PairCorr |
| 0.62 | NRM | INSURANCE AUST GRP | PairCorr |
| 0.61 | E6Q | GOLD ROAD RES | PairCorr |
| 0.52 | 013C | JD Inc | PairCorr |
| 0.44 | VAR1 | Varta AG | PairCorr |
| 0.41 | ZAL | Zalando SE | PairCorr |
| 0.34 | N3Y | Nine Dragons Paper | PairCorr |
| 0.92 | BN9 | Bank of New York Mellon | PairCorr |
| 0.9 | UWS | Waste Management | PairCorr |
| 0.88 | CM2 | CAL MAINE FOODS | PairCorr |
| 0.86 | IUI1 | INTUITIVE SURGICAL | PairCorr |
Related Correlations Analysis
| 0.8 | 0.04 | -0.56 | 0.91 | 0.77 | 0.0 | 12P | ||
| 0.8 | -0.38 | -0.41 | 0.85 | 0.55 | 0.0 | A35 | ||
| 0.04 | -0.38 | -0.05 | -0.04 | 0.23 | 0.0 | 5TUA | ||
| -0.56 | -0.41 | -0.05 | -0.64 | -0.5 | 0.0 | HCM | ||
| 0.91 | 0.85 | -0.04 | -0.64 | 0.84 | 0.0 | SI3 | ||
| 0.77 | 0.55 | 0.23 | -0.5 | 0.84 | 0.0 | EK7A | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HNC | ||
| 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 UNIPHAR Stock performing well and UNIPHAR PLC 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 UNIPHAR PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 12P | 1.03 | 0.06 | 0.02 | 0.20 | 1.19 | 2.80 | 10.56 | |||
| A35 | 1.33 | 0.09 | 0.06 | 0.20 | 1.21 | 2.67 | 12.20 | |||
| 5TUA | 2.95 | 0.34 | 0.06 | 0.80 | 3.27 | 7.27 | 29.08 | |||
| HCM | 1.66 | (0.16) | 0.00 | (0.10) | 0.00 | 3.06 | 8.68 | |||
| SI3 | 0.76 | 0.31 | 0.12 | 0.90 | 0.28 | 2.08 | 9.68 | |||
| EK7A | 1.80 | 0.22 | 0.05 | 1.85 | 1.94 | 4.76 | 11.57 | |||
| HNC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in UNIPHAR PLC 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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UNIPHAR PLC Corporate Management
Elected by the shareholders, the UNIPHAR PLC's board of directors comprises two types of representatives: UNIPHAR PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UNIPHAR. The board's role is to monitor UNIPHAR PLC's management team and ensure that shareholders' interests are well served. UNIPHAR PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, UNIPHAR PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Padraic Dempsey | Chief Compliance Officer, Executive Director | Profile | |
| Liz Hoctor | Non-Executive Director | Profile | |
| Paul Hogan | Non-Executive Independent Director | Profile | |
| John Holly | Non-Executive Director | Profile | |
| Jim Gaul | Non-Executive Director | Profile | |
| Heather McSharry | Senior Non-Executive Independent Director | Profile | |
| Sue Webb | Non-Executive Independent Director | Profile |