United Community Correlations
| UCBIODelisted Preferred Stock | USD 24.34 0.01 0.04% |
The current 90-days correlation between United Community Banks and Pinnacle Financial Partners is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Community Banks moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
United Community Correlation With Market
Good diversification
The correlation between United Community Banks and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Community Banks and DJI in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Community 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 Community 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 Community - 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 Community Banks to buy it.
Moving together with United Preferred Stock
| 0.65 | EXCH | Exchange Bankshares | PairCorr |
| 0.7 | OB | Outbrain | PairCorr |
| 0.66 | VUZI | Vuzix Corp Cmn Upward Rally | PairCorr |
| 0.71 | GILT | Gilat Satellite Networks | PairCorr |
Moving against United Preferred Stock
| 0.77 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.71 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.71 | PKX | POSCO Holdings | PairCorr |
| 0.59 | HYMTF | Hyundai Motor | PairCorr |
| 0.47 | IBN | ICICI Bank Limited | PairCorr |
| 0.46 | HDB | HDFC Bank Limited | PairCorr |
| 0.4 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.4 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.39 | CIHHF | China Merchants Bank Trending | PairCorr |
| 0.36 | SWZNF | Schweizerische Nationalbank Downward Rally | PairCorr |
| 0.55 | ORCL | Oracle | PairCorr |
Related Correlations Analysis
| 0.55 | 0.49 | 0.64 | -0.22 | PNFPP | ||
| 0.55 | 0.9 | 0.65 | -0.47 | WTFCP | ||
| 0.49 | 0.9 | 0.65 | -0.45 | HTLFP | ||
| 0.64 | 0.65 | 0.65 | -0.48 | OCFCP | ||
| -0.22 | -0.47 | -0.45 | -0.48 | FCNCP | ||
| 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 United Preferred Stock performing well and United Community 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 Community'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNFPP | 0.47 | 0.03 | (0.06) | (2.16) | 0.61 | 1.16 | 3.79 | |||
| WTFCP | 0.11 | 0.02 | (0.45) | (1.10) | 0.00 | 0.24 | 0.80 | |||
| HTLFP | 0.24 | 0.03 | (0.15) | (0.39) | 0.21 | 0.57 | 2.87 | |||
| OCFCP | 0.28 | 0.03 | (0.09) | 1.66 | 0.24 | 0.76 | 2.00 | |||
| FCNCP | 1.12 | (0.06) | 0.00 | (0.31) | 0.00 | 3.06 | 7.07 |
United Community Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with United Community preferred stock to make a market-neutral strategy. Peer analysis of United Community could also be used in its relative valuation, which is a method of valuing United Community by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
United Community Corporate Management
| Melinda Lux | Gen VP | Profile | |
| Robert Edwards | Ex Officer | Profile | |
| Mark Terry | Chief Officer | Profile | |
| Herbert Harton | Chairman CEO | Profile | |
| Mitch Ralston | Pres County | Profile | |
| Richard Bradshaw | Pres Officer | Profile | |
| Jefferson CFA | Ex CFO | Profile |
Still Interested in United Community Banks?
Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.