U BX Correlations

UBXG Stock

0.29 0.01 3.33%

The current 90-days correlation between U BX Technology and The Cheesecake Factory is -0.26 (i.e., Very good diversification). The correlation of U BX 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 BX Correlation With Market

Good diversification

The correlation between U BX Technology Ltd and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U BX Technology Ltd and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in U BX Technology Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving against UBXG Stock

0.5	BOX	Box Inc	Pair Corr
0.36	GB	Global Blue Group	Pair Corr
0.38	GRRR	Gorilla Technology	Pair Corr
0.36	YEXT	Yext Inc	Pair Corr
0.31	IOT	Samsara	Pair Corr

Related Correlations Analysis

	CAKE	IIIN	CENX	MAANF	DPZ	WING	SYPLF	BJRI
CAKE		-0.46	0.92	0.71	0.75	-0.77	0.69	0.8	CAKE
IIIN	-0.46		-0.42	-0.6	-0.27	0.52	-0.76	-0.64	IIIN
CENX	0.92	-0.42		0.67	0.83	-0.63	0.73	0.77	CENX
MAANF	0.71	-0.6	0.67		0.46	-0.79	0.58	0.65	MAANF
DPZ	0.75	-0.27	0.83	0.46		-0.39	0.54	0.55	DPZ
WING	-0.77	0.52	-0.63	-0.79	-0.39		-0.51	-0.52	WING
SYPLF	0.69	-0.76	0.73	0.58	0.54	-0.51		0.79	SYPLF
BJRI	0.8	-0.64	0.77	0.65	0.55	-0.52	0.79		BJRI
	CAKE	IIIN	CENX	MAANF	DPZ	WING	SYPLF	BJRI

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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

CENX	+ 0.92	CAKE
DPZ	+ 0.83	CENX
BJRI	+ 0.8	CAKE
BJRI	+ 0.79	SYPLF
BJRI	+ 0.77	CENX
DPZ	+ 0.75	CAKE

High negative correlations

WING	- 0.79	MAANF
WING	- 0.77	CAKE
SYPLF	- 0.76	IIIN
BJRI	- 0.64	IIIN
WING	- 0.63	CENX
MAANF	- 0.6	IIIN

Risk-Adjusted Indicators

There is a big difference between UBXG Stock performing well and U BX 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 BX'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
CAKE	1.77	0.17	0.11	0.27	1.63	(2.13)	5.11	(3.10)	13.08
IIIN	1.59	(0.29)	0.00	(0.05)	0.00	0.00	3.60	(4.52)	11.16
CENX	2.97	0.51	0.20	0.34	2.65	(3.58)	7.10	(4.60)	24.39
MAANF	1.62	0.76	0.00	(1.47)	0.00	0.00	0.00	0.00	37.69
DPZ	1.17	0.01	0.01	0.13	1.19	(1.39)	2.92	(2.11)	7.92
WING	2.05	(0.32)	0.00	(0.09)	0.00	0.00	3.90	(4.14)	26.70
SYPLF	0.02	0.00	0.00	(0.44)	0.00	0.00	0.00	0.00	0.71
BJRI	1.99	0.01	0.03	0.13	2.27	(2.24)	4.05	(2.64)	13.19

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