UCB SA Correlations

UCBJF Stock

USD 202.00 0.03 0.01%

The current 90-days correlation between UCB SA and Bolt Biotherapeutics is 0.16 (i.e., Average diversification). The correlation of UCB SA 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.

UCB SA Correlation With Market

Good diversification

The correlation between UCB SA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UCB SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with UCB Pink Sheet

0.67	FLYX	flyExclusive,	Pair Corr
0.72	HBSI	Highlands Bankshares Earnings Call This Week	Pair Corr
0.63	ALLT	Allot Communications	Pair Corr
0.8	KPIFF	Edgewater Wireless	Pair Corr
0.79	HTCO	Caravelle International Symbol Change	Pair Corr

Moving against UCB Pink Sheet

0.77	NONOF	Novo Nordisk AS	Pair Corr
0.76	NVO	Novo Nordisk AS	Pair Corr
0.68	REGN	Regeneron Pharmaceuticals	Pair Corr
0.61	CSLLY	CSL	Pair Corr
0.56	TCTM	Tarena International	Pair Corr
0.54	AFFL	Affiliated Resources Corp	Pair Corr
0.52	VNTN	VentureNet Capital	Pair Corr
0.49	30231GAZ5	EXXON MOBIL P	Pair Corr
0.37	CMXHF	CSL Limited	Pair Corr
0.37	EPGG	Empire Global Gaming	Pair Corr

Related Correlations Analysis

	BOLT	CALA	CARA	RCUS	SNTI	ZIVO	CVKD	FHTX	QNRX	FRES
BOLT		0.0	-0.48	0.72	0.33	0.0	-0.56	0.61	0.73	0.0	BOLT
CALA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CALA
CARA	-0.48	0.0		-0.56	-0.4	0.0	0.74	-0.59	-0.57	0.0	CARA
RCUS	0.72	0.0	-0.56		0.47	0.0	-0.82	0.42	0.86	0.0	RCUS
SNTI	0.33	0.0	-0.4	0.47		0.0	-0.33	0.34	0.4	0.0	SNTI
ZIVO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ZIVO
CVKD	-0.56	0.0	0.74	-0.82	-0.33	0.0		-0.48	-0.82	0.0	CVKD
FHTX	0.61	0.0	-0.59	0.42	0.34	0.0	-0.48		0.37	0.0	FHTX
QNRX	0.73	0.0	-0.57	0.86	0.4	0.0	-0.82	0.37		0.0	QNRX
FRES	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FRES
	BOLT	CALA	CARA	RCUS	SNTI	ZIVO	CVKD	FHTX	QNRX	FRES

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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

QNRX	+ 0.86	RCUS
CVKD	+ 0.74	CARA
QNRX	+ 0.73	BOLT
RCUS	+ 0.72	BOLT
FHTX	+ 0.61	BOLT
SNTI	+ 0.47	RCUS

High negative correlations

QNRX	- 0.82	CVKD
CVKD	- 0.82	RCUS
FHTX	- 0.59	CARA
QNRX	- 0.57	CARA
RCUS	- 0.56	CARA
CVKD	- 0.56	BOLT

Risk-Adjusted Indicators

There is a big difference between UCB Pink Sheet performing well and UCB SA 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 UCB SA'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
BOLT	2.58	(0.44)	0.00	(1.30)	0.00	0.00	4.35	(6.45)	17.46
CALA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CARA	5.19	0.99	0.16	0.28	4.70	(7.35)	9.72	(9.68)	71.80
RCUS	2.69	(0.55)	0.00	(0.41)	0.00	0.00	3.24	(6.29)	22.17
SNTI	12.87	4.05	0.49	(4.21)	6.93	(19.67)	12.86	(13.80)	391.56
ZIVO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVKD	4.29	0.56	0.11	0.72	4.76	(5.23)	11.59	(8.42)	25.08
FHTX	3.94	(0.44)	0.00	(0.25)	0.00	0.00	9.05	(8.35)	26.22
QNRX	5.96	(0.62)	0.00	(0.89)	0.00	0.00	16.07	(10.53)	58.63
FRES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in UCB SA 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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William Silbey	Exec Counsel	Profile
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