UNITED URBAN Correlations

0S2 Stock

EUR 850.00 5.00 0.59%

The current 90-days correlation between UNITED URBAN INV and Apple Inc is 0.23 (i.e., Modest diversification). The correlation of UNITED URBAN 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.

UNITED URBAN Correlation With Market

Modest diversification

The correlation between UNITED URBAN INV and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNITED URBAN INV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with UNITED Stock

0.87	TG4	Oxurion NV	Pair Corr
0.62	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against UNITED Stock

0.68	DBPE	Xtrackers LevDAX	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.59	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.57	APC	Apple Inc	Pair Corr
0.46	MSF	Microsoft	Pair Corr
0.46	MSF	Microsoft	Pair Corr
0.45	MSF	Microsoft	Pair Corr
0.45	MSF	Microsoft	Pair Corr
0.43	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF
APC		0.99	0.98	0.97	0.99	0.63	0.6	0.61	0.6	APC
APC	0.99		0.98	0.98	0.99	0.63	0.61	0.61	0.6	APC
APC	0.98	0.98		0.97	0.98	0.6	0.57	0.58	0.57	APC
APC	0.97	0.98	0.97		0.97	0.6	0.57	0.58	0.57	APC
APC	0.99	0.99	0.98	0.97		0.63	0.6	0.62	0.6	APC
MSF	0.63	0.63	0.6	0.6	0.63		0.98	0.99	0.97	MSF
MSF	0.6	0.61	0.57	0.57	0.6	0.98		0.97	0.97	MSF
MSF	0.61	0.61	0.58	0.58	0.62	0.99	0.97		0.96	MSF
MSF	0.6	0.6	0.57	0.57	0.6	0.97	0.97	0.96		MSF
	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF

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Risk-Adjusted Indicators

There is a big difference between UNITED Stock performing well and UNITED URBAN 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 UNITED URBAN'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
APC	1.06	0.07	0.01	0.24	1.36	(1.01)	2.28	(2.21)	6.17
APC	1.11	0.08	0.01	0.28	1.35	(1.19)	2.14	(2.22)	6.90
APC	1.10	0.05	0.01	0.19	1.43	(1.15)	2.24	(2.65)	9.79
APC	1.19	0.04	0.00	0.18	1.23	(1.53)	2.96	(2.05)	8.21
APC	0.91	0.05	0.00	0.20	1.28	(0.93)	1.91	(2.15)	7.12
MSF	0.97	0.02	(0.01)	0.15	1.21	(1.26)	2.10	(1.40)	8.71
MSF	0.94	0.00	(0.01)	0.13	1.32	(1.08)	2.27	(1.75)	9.11
MSF	1.04	0.01	(0.01)	0.13	1.43	(1.30)	2.17	(1.64)	11.42
MSF	1.00	0.01	(0.01)	0.13	1.33	(1.10)	2.04	(1.53)	9.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in UNITED URBAN 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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