U Blox Correlations
| UBLXF Stock | USD 73.32 0.63 0.87% |
The current 90-days correlation between u blox Holding and Aris Water Solutions is 0.15 (i.e., Average diversification). The correlation of U Blox 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.
U Blox Correlation With Market
Average diversification
The correlation between u blox Holding AG and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding u blox Holding AG and DJI in the same portfolio, assuming nothing else is changed.
UBLXF |
The ability to find closely correlated positions to U Blox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace U Blox 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 U Blox - 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 u blox Holding AG to buy it.
Moving together with UBLXF Pink Sheet
| 0.88 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.72 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against UBLXF Pink Sheet
| 0.79 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.78 | UI | Ubiquiti Networks | PairCorr |
| 0.75 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.74 | ERIC-B | Telefonaktiebolaget | PairCorr |
| 0.73 | ZBRA | Zebra Technologies | PairCorr |
| 0.73 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.7 | GOOG | Alphabet Class C | PairCorr |
| 0.66 | ERIC | Telefonaktiebolaget Sell-off Trend | PairCorr |
| 0.66 | NVDA | NVIDIA | PairCorr |
| 0.66 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.61 | ERIXF | Telefonaktiebolaget Potential Growth | PairCorr |
| 0.57 | HPE | Hewlett Packard Ente Downward Rally | PairCorr |
| 0.4 | META | Meta Platforms | PairCorr |
| 0.37 | NOK | Nokia Corp ADR | PairCorr |
| 0.36 | NOKBF | Nokia | PairCorr |
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.72 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.52 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.44 | HD | Home Depot Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.7 | 0.57 | 0.79 | 0.77 | 0.79 | SWX | ||
| 0.7 | 0.72 | 0.84 | 0.68 | 0.62 | WM | ||
| 0.57 | 0.72 | 0.6 | 0.51 | 0.79 | RMCO | ||
| 0.79 | 0.84 | 0.6 | 0.66 | 0.62 | ARIS | ||
| 0.77 | 0.68 | 0.51 | 0.66 | 0.65 | WEC | ||
| 0.79 | 0.62 | 0.79 | 0.62 | 0.65 | LRFC | ||
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Risk-Adjusted Indicators
There is a big difference between UBLXF Pink Sheet performing well and U Blox 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 U Blox'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWX | 1.15 | 0.08 | 0.01 | 0.30 | 1.14 | 2.48 | 7.12 | |||
| WM | 0.78 | 0.07 | 0.02 | 0.26 | 0.84 | 1.67 | 7.17 | |||
| RMCO | 3.60 | 0.37 | 0.07 | 8.07 | 3.32 | 8.42 | 31.36 | |||
| ARIS | 2.66 | 0.56 | 0.21 | 0.38 | 2.55 | 6.44 | 29.22 | |||
| WEC | 0.69 | 0.12 | 0.04 | 0.61 | 0.60 | 1.59 | 3.31 | |||
| LRFC | 1.02 | 0.32 | 0.20 | (6.56) | 0.61 | 2.65 | 12.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in U Blox 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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U Blox Corporate Executives
Elected by the shareholders, the U Blox's board of directors comprises two types of representatives: U Blox inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UBLXF. The board's role is to monitor U Blox's management team and ensure that shareholders' interests are well served. U Blox'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, U Blox's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andreas Thiel | Co-Founder, Executive VP of Cellular Products and Head of Wireless Products | Profile |