US FOODS Correlations

UFH Stock

EUR 67.00 1.00 1.52%

The current 90-days correlation between US FOODS HOLDING and Bausch Health Companies is 0.13 (i.e., Average diversification). The correlation of US FOODS 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.

US FOODS Correlation With Market

Very weak diversification

The correlation between US FOODS HOLDING and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US FOODS HOLDING and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with UFH Stock

0.78	APC	Apple Inc	Pair Corr
0.81	APC	Apple Inc	Pair Corr
0.81	APC	Apple Inc	Pair Corr
0.79	APC	Apple Inc	Pair Corr
0.74	MSF	Microsoft	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.74	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.91	AMZ	Amazon Inc	Pair Corr
0.73	KBIA	KB Financial Group	Pair Corr
0.9	FHL	Federal Home Loan	Pair Corr
0.79	SID	State Bank	Pair Corr

Moving against UFH Stock

0.66	TKDA	Takeda Pharmaceutical	Pair Corr
0.4	LLD2	Lloyds Banking Group	Pair Corr
0.39	DBPD	Xtrackers ShortDAX	Pair Corr
0.36	SUMB	SUMITOMO P SP	Pair Corr
0.35	OIXA	Orix Corp Ads	Pair Corr
0.31	OIX	ORIX	Pair Corr

Related Correlations Analysis

	FFC0	RN7	CLH	BVF	H0O	CBR	1H4	CVS
FFC0		0.55	0.44	0.24	0.56	0.07	0.45	0.27	FFC0
RN7	0.55		0.92	0.58	0.91	0.36	0.96	0.11	RN7
CLH	0.44	0.92		0.49	0.84	0.46	0.92	0.07	CLH
BVF	0.24	0.58	0.49		0.56	-0.14	0.65	0.25	BVF
H0O	0.56	0.91	0.84	0.56		0.15	0.87	-0.02	H0O
CBR	0.07	0.36	0.46	-0.14	0.15		0.38	-0.15	CBR
1H4	0.45	0.96	0.92	0.65	0.87	0.38		0.15	1H4
CVS	0.27	0.11	0.07	0.25	-0.02	-0.15	0.15		CVS
	FFC0	RN7	CLH	BVF	H0O	CBR	1H4	CVS

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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

1H4	+ 0.96	RN7
CLH	+ 0.92	RN7
1H4	+ 0.92	CLH
H0O	+ 0.91	RN7
1H4	+ 0.87	H0O
H0O	+ 0.84	CLH

High negative correlations

CVS	- 0.15	CBR
CBR	- 0.14	BVF
CVS	- 0.02	H0O

Risk-Adjusted Indicators

There is a big difference between UFH Stock performing well and US FOODS 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 US FOODS'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
FFC0	1.07	0.08	(0.03)	(2.58)	1.60	(0.99)	1.87	(2.36)	8.80
RN7	1.37	0.36	0.15	4.57	1.05	(1.98)	3.36	(1.94)	13.03
CLH	1.21	0.13	0.07	0.30	1.21	(1.47)	3.25	(2.17)	12.11
BVF	2.06	0.46	0.24	0.61	1.37	(2.65)	6.87	(2.60)	16.12
H0O	0.84	0.28	0.16	10.21	0.49	(1.15)	1.89	(1.29)	5.67
CBR	1.54	(0.06)	(0.05)	0.02	1.85	(1.83)	3.38	(3.31)	9.35
1H4	1.66	0.16	0.20	0.22	0.95	(2.68)	4.72	(1.95)	12.53
CVS	1.71	0.23	0.02	(0.57)	2.26	(1.80)	3.26	(2.97)	21.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in US FOODS 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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