Ubiquiti Networks Correlations

UI Stock

USD 548.99 0.89 0.16%

The current 90-days correlation between Ubiquiti Networks and Nokia Corp ADR is 0.15 (i.e., Average diversification). The correlation of Ubiquiti Networks 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.

Ubiquiti Networks Correlation With Market

Very good diversification

The correlation between Ubiquiti Networks and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubiquiti Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ubiquiti Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ubiquiti Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with Ubiquiti Stock

0.66	PIFMY	Indofood Sukses Makmur	Pair Corr
0.76	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.72	HPQ	HP Inc	Pair Corr

Moving against Ubiquiti Stock

0.68	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.57	DCI	Donaldson	Pair Corr
0.48	EC	Ecopetrol SA ADR	Pair Corr
0.47	MARUF	Marubeni	Pair Corr
0.41	PTAIY	Astra International Tbk	Pair Corr
0.35	BKKLY	Bangkok Bank PCL	Pair Corr
0.34	PUTKY	United Tractors Tbk	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.73	MRK	Merck Company Earnings Call This Week	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.5	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.46	MCD	McDonalds	Pair Corr
0.44	AA	Alcoa Corp Downward Rally	Pair Corr

Related Correlations Analysis

	NOK	MPWR	EA	TTWO	CLS	ERIC	XYZ	HPE	FICO	GRMN
NOK		0.6	-0.42	0.33	0.3	0.55	0.71	0.35	-0.47	0.57	NOK
MPWR	0.6		-0.09	0.33	0.25	0.33	0.66	0.17	-0.66	0.71	MPWR
EA	-0.42	-0.09		0.08	-0.39	-0.17	-0.43	0.08	-0.02	-0.21	EA
TTWO	0.33	0.33	0.08		0.08	0.15	0.66	0.52	-0.32	0.57	TTWO
CLS	0.3	0.25	-0.39	0.08		0.3	0.22	0.22	0.05	0.04	CLS
ERIC	0.55	0.33	-0.17	0.15	0.3		0.2	0.26	-0.17	-0.01	ERIC
XYZ	0.71	0.66	-0.43	0.66	0.22	0.2		0.34	-0.49	0.84	XYZ
HPE	0.35	0.17	0.08	0.52	0.22	0.26	0.34		0.19	0.33	HPE
FICO	-0.47	-0.66	-0.02	-0.32	0.05	-0.17	-0.49	0.19		-0.44	FICO
GRMN	0.57	0.71	-0.21	0.57	0.04	-0.01	0.84	0.33	-0.44		GRMN
	NOK	MPWR	EA	TTWO	CLS	ERIC	XYZ	HPE	FICO	GRMN

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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

GRMN	+ 0.84	XYZ
XYZ	+ 0.71	NOK
GRMN	+ 0.71	MPWR
XYZ	+ 0.66	MPWR
XYZ	+ 0.66	TTWO
MPWR	+ 0.6	NOK

High negative correlations

FICO	- 0.66	MPWR
FICO	- 0.49	XYZ
FICO	- 0.47	NOK
GRMN	- 0.44	FICO
XYZ	- 0.43	EA
EA	- 0.42	NOK

Risk-Adjusted Indicators

There is a big difference between Ubiquiti Stock performing well and Ubiquiti Networks 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 Ubiquiti Networks' 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
NOK	1.70	(0.22)	0.00	(0.26)	0.00	0.00	3.47	(4.42)	12.66
MPWR	1.87	(0.05)	0.00	0.04	2.76	(1.62)	3.91	(4.47)	14.52
EA	0.14	0.02	(0.33)	0.38	0.00	(0.16)	0.31	(0.23)	0.80
TTWO	1.05	(0.10)	0.00	(0.51)	0.00	0.00	2.27	(1.73)	9.50
CLS	3.52	(0.13)	(0.01)	0.00	5.21	(3.27)	6.19	(7.56)	27.95
ERIC	1.12	0.15	0.07	0.69	1.28	(1.37)	3.48	(1.65)	8.46
XYZ	2.06	(0.35)	0.00	(0.13)	0.00	0.00	2.96	(5.03)	14.15
HPE	1.59	(0.20)	0.00	(0.08)	0.00	0.00	2.85	(4.17)	9.92
FICO	1.69	(0.09)	(0.03)	0.00	2.13	(1.70)	3.93	(3.16)	9.68
GRMN	1.18	(0.36)	0.00	(0.24)	0.00	0.00	2.07	(2.42)	12.54

Ubiquiti Networks Corporate Management

Rafael Torres	Independent Director	Profile
Brandon Arrindell	Independent Director	Profile
Hartley JD	Executive Affairs	Profile
Hartley Nisenbaum	Executive Affairs	Profile
John Sanford	Chief Officer	Profile

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