Ufp Industries Correlations

UFPI Stock

USD 133.07 2.55 1.95%

The current 90-days correlation between Ufp Industries and West Fraser Timber is 0.53 (i.e., Very weak diversification). The correlation of Ufp Industries 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.

Ufp Industries Correlation With Market

Poor diversification

The correlation between Ufp Industries and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ufp Industries 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 Ufp Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Ufp Stock please use our How to Invest in Ufp Industries guide.

Moving together with Ufp Stock

0.81	SSD	Simpson Manufacturing	Pair Corr
0.83	WFG	West Fraser Timber	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	CC	Chemours	Pair Corr
0.7	CF	CF Industries Holdings	Pair Corr
0.66	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.69	MP	MP Materials Corp	Pair Corr
0.69	MT	ArcelorMittal SA ADR	Pair Corr
0.62	RS	Reliance Steel Aluminum	Pair Corr
0.77	TX	Ternium SA ADR	Pair Corr

Moving against Ufp Stock

0.38	NG	NovaGold Resources	Pair Corr
0.34	AU	AngloGold Ashanti plc	Pair Corr
0.63	NORNQ	Noranda Aluminum Holding	Pair Corr
0.42	WEBC	Webco Industries Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	WFG	EVA	CFPZF	STLJF	SSD	IFSPF	SVCBF	CFXTF	ICLTF
WFG		0.61	0.87	0.03	0.78	0.92	0.22	0.52	0.84	WFG
EVA	0.61		0.38	0.35	0.45	0.48	0.29	0.11	0.57	EVA
CFPZF	0.87	0.38		-0.29	0.72	0.93	-0.02	0.58	0.82	CFPZF
STLJF	0.03	0.35	-0.29		0.08	-0.03	0.73	-0.37	-0.03	STLJF
SSD	0.78	0.45	0.72	0.08		0.73	0.31	0.17	0.56	SSD
IFSPF	0.92	0.48	0.93	-0.03	0.73		0.23	0.61	0.9	IFSPF
SVCBF	0.22	0.29	-0.02	0.73	0.31	0.23		-0.05	0.2	SVCBF
CFXTF	0.52	0.11	0.58	-0.37	0.17	0.61	-0.05		0.67	CFXTF
ICLTF	0.84	0.57	0.82	-0.03	0.56	0.9	0.2	0.67		ICLTF
	WFG	EVA	CFPZF	STLJF	SSD	IFSPF	SVCBF	CFXTF	ICLTF

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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

IFSPF	+ 0.93	CFPZF
IFSPF	+ 0.92	WFG
ICLTF	+ 0.9	IFSPF
CFPZF	+ 0.87	WFG
ICLTF	+ 0.84	WFG
ICLTF	+ 0.82	CFPZF

High negative correlations

CFXTF	- 0.37	STLJF
STLJF	- 0.29	CFPZF
CFXTF	- 0.05	SVCBF
ICLTF	- 0.03	STLJF
IFSPF	- 0.03	STLJF
SVCBF	- 0.02	CFPZF

Risk-Adjusted Indicators

There is a big difference between Ufp Stock performing well and Ufp Industries 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 Ufp Industries' 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
WFG	1.21	0.06	0.02	0.21	1.42	(1.33)	2.56	(2.80)	8.29
EVA	3.86	0.23	0.01	(0.32)	4.18	(5.97)	8.16	(7.55)	42.76
CFPZF	1.51	0.19	0.06	0.60	1.45	(2.09)	5.05	(3.30)	13.24
STLJF	1.13	(0.28)	0.00	0.36	0.00	0.00	2.28	(3.35)	18.20
SSD	1.23	(0.08)	(0.03)	0.05	1.79	(1.20)	3.11	(3.02)	9.83
IFSPF	1.79	0.12	0.04	0.26	2.03	(2.26)	4.85	(3.64)	16.08
SVCBF	0.32	(0.07)	0.00	(0.91)	0.00	0.00	0.23	0.00	9.94
CFXTF	10.88	5.72	0.00	(22.33)	0.00	0.00	0.00	0.00	359.02
ICLTF	4.10	0.90	0.16	(2.61)	3.95	(4.95)	9.66	(7.24)	33.48

Ufp Industries Corporate Management

CPA CPA	CEO Director	Profile
David Tutas	General Officer	Profile
CPA CMA	CFO Treasurer	Profile
Chad UhligEastin	Executive ProWood	Profile

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