United Communications Correlations
| UCPA Stock | USD 13.38 0.04 0.30% |
The current 90-days correlation between United Communications and Beyond Commerce is 0.16 (i.e., Average diversification). The correlation of United Communications 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.
United Communications Correlation With Market
Modest diversification
The correlation between United Communications Partners and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Communications Partners and DJI in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Communications 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 Communications 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 Communications - 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 Communications Partners to buy it.
Moving together with United Pink Sheet
| 0.79 | WPPGF | WPP plc | PairCorr |
| 0.79 | WPP | WPP PLC ADR | PairCorr |
| 0.78 | FSTF | First State Financial | PairCorr |
| 0.96 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.88 | FDS | FactSet Research Systems | PairCorr |
| 0.83 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.82 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.93 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.92 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.87 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.94 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against United Pink Sheet
| 0.61 | IPG | Interpublic Group | PairCorr |
| 0.52 | DNTUY | Dentsu Inc ADR | PairCorr |
| 0.5 | CYGIY | CyberAgent ADR | PairCorr |
| 0.5 | SCTSF | Scottie Resources Corp | PairCorr |
| 0.49 | JCDXF | JCDecaux SA | PairCorr |
| 0.88 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.84 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.76 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.68 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.03 | -0.26 | -0.08 | -0.21 | BYOC | ||
| 0.03 | 0.33 | -0.2 | 0.14 | BAOS | ||
| -0.26 | 0.33 | 0.08 | 0.41 | MGOL | ||
| -0.08 | -0.2 | 0.08 | -0.1 | CMGO | ||
| -0.21 | 0.14 | 0.41 | -0.1 | STCN | ||
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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
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Risk-Adjusted Indicators
There is a big difference between United Pink Sheet performing well and United Communications 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 Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYOC | 30.30 | 8.40 | 0.17 | 1.70 | 21.30 | 100.00 | 150.00 | |||
| BAOS | 4.45 | (0.18) | 0.00 | 1.20 | 0.00 | 9.62 | 27.06 | |||
| MGOL | 4.00 | (0.69) | 0.00 | (0.29) | 0.00 | 7.69 | 26.48 | |||
| CMGO | 7.16 | 0.81 | 0.05 | 0.67 | 8.52 | 28.57 | 68.57 | |||
| STCN | 2.59 | 0.11 | 0.00 | 0.61 | 3.30 | 4.91 | 16.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in United Communications 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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United Communications Corporate Management
| AnnaKarin Darlin | CFO Director | Profile | |
| Niclas Frberg | Pres CEO | Profile | |
| Kenneth Rosenthal | Chief Director | Profile | |
| Lars Bnnelyche | Chief Director | Profile | |
| Peter Brockdorff | Chief Copenhagen | Profile |