| UGICDelisted Stock | | | USD 65.81 0.02 0.03% |
The current 90-days correlation between UGI Corp Unit and NiSource Unit is 0.19 (i.e., Average diversification). The correlation of UGI Corp 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.
UGI Corp Correlation With Market
Significant diversification
The correlation between UGI Corp Unit and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UGI Corp Unit and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with UGI Stock
Moving against UGI Stock
Related Correlations Analysis
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 | AEPPZ | | NIMC | | AEPPZ | | AESC | | AESC | | NIMC |
| | High negative correlations | AQNU | | AESC | | AEPPZ | | AQNU | | AQNU | | NIMC |
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Risk-Adjusted IndicatorsThere is a big difference between UGI Stock performing well and UGI Corp 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 UGI Corp'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.
UGI Corp 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 UGI Corp stock to make a market-neutral strategy. Peer analysis of UGI Corp could also be used in its relative valuation, which is a method of valuing UGI Corp by comparing valuation metrics with similar companies.
UGI Corp Corporate Management
Still Interested in UGI Corp Unit?
Investing in delisted delisted stocks can be risky, as the 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.