Universal Display Correlations

OLED Stock

USD 119.60 0.50 0.42%

The current 90-days correlation between Universal Display and Cirrus Logic is 0.4 (i.e., Very weak diversification). The correlation of Universal Display 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.

Universal Display Correlation With Market

Very weak diversification

The correlation between Universal Display and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Display and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Universal Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Universal Display. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade Universal Stock refer to our How to Trade Universal Stock guide.

Moving together with Universal Stock

0.81	DIOD	Diodes Incorporated	Pair Corr
0.8	MX	MagnaChip Semiconductor	Pair Corr
0.63	NA	Nano Labs	Pair Corr
0.82	PI	Impinj Inc	Pair Corr
0.84	688515	Motorcomm Electronic	Pair Corr
0.65	688536	3Peak Inc	Pair Corr
0.79	688049	Actions Technology	Pair Corr
0.76	ENPH	Enphase Energy	Pair Corr
0.73	ENTG	Entegris	Pair Corr
0.78	301297	Ferrotec Technology	Pair Corr
0.76	301095	Semitronix Corp A	Pair Corr
0.79	ARM	Arm Holdings plc	Pair Corr
0.69	CAN	Canaan Inc	Pair Corr

Moving against Universal Stock

0.67	DQ	Daqo New Energy	Pair Corr
0.65	MU	Micron Technology Aggressive Push	Pair Corr
0.36	002745	MLS Co	Pair Corr
0.65	688313	Henan Shijia Photons	Pair Corr
0.58	300672	Goke Microelectronics	Pair Corr
0.56	4DS	4DS Memory	Pair Corr
0.45	300118	Risen Energy	Pair Corr
0.44	ADI	Analog Devices	Pair Corr
0.43	001270	Zhejiang Chengchang	Pair Corr
0.68	FORM	FormFactor	Pair Corr
0.67	FSLR	First Solar	Pair Corr
0.66	JKS	JinkoSolar Holding	Pair Corr
0.61	ASX	ASE Industrial Holding	Pair Corr
0.57	FTCI	FTC Solar Tech Boost	Pair Corr
0.52	601133	BOTH Engineering Tec	Pair Corr

Related Correlations Analysis

	CRUS	ONTO	SITM	SANM	CAMT	AMKR	KD	TTMI	CGNX	SMTC
CRUS		-0.03	-0.12	-0.43	0.65	-0.11	0.71	-0.22	0.71	0.0	CRUS
ONTO	-0.03		0.9	0.44	0.17	0.89	-0.1	0.75	-0.43	0.83	ONTO
SITM	-0.12	0.9		0.41	0.08	0.82	-0.02	0.68	-0.45	0.73	SITM
SANM	-0.43	0.44	0.41		-0.09	0.68	-0.73	0.84	-0.75	0.48	SANM
CAMT	0.65	0.17	0.08	-0.09		0.13	0.43	0.01	0.53	0.31	CAMT
AMKR	-0.11	0.89	0.82	0.68	0.13		-0.35	0.87	-0.61	0.75	AMKR
KD	0.71	-0.1	-0.02	-0.73	0.43	-0.35		-0.48	0.79	-0.13	KD
TTMI	-0.22	0.75	0.68	0.84	0.01	0.87	-0.48		-0.71	0.73	TTMI
CGNX	0.71	-0.43	-0.45	-0.75	0.53	-0.61	0.79	-0.71		-0.29	CGNX
SMTC	0.0	0.83	0.73	0.48	0.31	0.75	-0.13	0.73	-0.29		SMTC
	CRUS	ONTO	SITM	SANM	CAMT	AMKR	KD	TTMI	CGNX	SMTC

Please upgrade your account to get full access to Macroaxis premium features

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

SITM	+ 0.9	ONTO
AMKR	+ 0.89	ONTO
TTMI	+ 0.87	AMKR
TTMI	+ 0.84	SANM
SMTC	+ 0.83	ONTO
AMKR	+ 0.82	SITM

High negative correlations

CGNX	- 0.75	SANM
KD	- 0.73	SANM
CGNX	- 0.71	TTMI
CGNX	- 0.61	AMKR
TTMI	- 0.48	KD
CGNX	- 0.45	SITM

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Display 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 Universal Display'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
CRUS	1.40	(0.18)	0.00	(0.03)	0.00	0.00	2.83	(3.20)	12.16
ONTO	2.68	0.18	0.08	0.15	3.58	(2.83)	5.53	(5.41)	17.38
SITM	3.21	0.28	0.10	0.18	3.55	(3.48)	6.88	(6.11)	28.25
SANM	3.03	0.43	0.11	0.30	3.81	(3.10)	7.21	(7.17)	32.99
CAMT	2.76	0.02	0.02	0.09	3.27	(2.92)	7.15	(5.48)	15.59
AMKR	2.95	0.36	0.14	0.21	3.22	(3.31)	7.73	(6.83)	25.50
KD	1.44	(0.32)	0.00	(0.15)	0.00	0.00	2.58	(4.59)	9.16
TTMI	3.31	0.30	0.09	0.18	4.29	(3.30)	8.42	(8.49)	19.41
CGNX	1.94	(0.44)	0.00	(0.14)	0.00	0.00	3.77	(4.09)	20.16
SMTC	2.85	0.26	0.10	0.20	3.11	(3.19)	5.78	(5.62)	23.90

Universal Display Corporate Executives

Elected by the shareholders, the Universal Display's board of directors comprises two types of representatives: Universal Display inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Universal. The board's role is to monitor Universal Display's management team and ensure that shareholders' interests are well served. Universal Display'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, Universal Display's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Brian CPA	CFO VP	Profile
	Julia Brown	CTO, Sr. VP and Member of Scientific Advisory Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC