Ubiquiti Networks Correlations

UI Stock

USD 566.28 12.93 2.34%

The current 90-days correlation between Ubiquiti Networks and Nokia Corp ADR is 0.23 (i.e., Modest 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

Weak diversification

The correlation between Ubiquiti Networks and DJI is 0.38 (i.e., Weak 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

0.74	MSI	Motorola Solutions	Pair Corr
0.76	RBBN	Ribbon Communications	Pair Corr
0.87	ANET	Arista Networks	Pair Corr
0.71	BOSC	BOS Better Online	Pair Corr
0.8	MSFT	Microsoft	Pair Corr

Moving against Ubiquiti Stock

0.74	CSCO	Cisco Systems	Pair Corr
0.72	JPSTF	JAPAN POST BANK	Pair Corr
0.71	PPERY	Bank Mandiri Persero	Pair Corr
0.71	FTV	Fortive Corp	Pair Corr
0.59	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.56	PPERF	Bank Mandiri Persero	Pair Corr
0.55	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.49	DGWPF	Drgerwerk AG	Pair Corr
0.41	PTBRY	Bank Negara Indonesia	Pair Corr
0.35	CMTL	Comtech Telecommunicatio Trending	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	KO	Coca Cola	Pair Corr
0.62	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.57	PFE	Pfizer Inc	Pair Corr
0.56	CASXF	Casa Minerals	Pair Corr
0.52	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.45	BAC	Bank of America	Pair Corr
0.45	CAT	Caterpillar	Pair Corr
0.42	AXP	American Express	Pair Corr
0.37	VZ	Verizon Communications	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.33	IBM	International Business	Pair Corr

Related Correlations Analysis

	NOK	MPWR	EA	TTWO	CLS	ERIC	XYZ	HPE	FICO	GRMN
NOK		0.21	0.21	-0.42	0.8	0.85	-0.35	-0.15	0.04	-0.63	NOK
MPWR	0.21		-0.34	0.48	0.15	0.23	0.65	0.39	-0.45	0.5	MPWR
EA	0.21	-0.34		-0.21	0.23	0.25	-0.66	0.1	0.41	-0.51	EA
TTWO	-0.42	0.48	-0.21		-0.43	-0.31	0.76	0.56	-0.47	0.76	TTWO
CLS	0.8	0.15	0.23	-0.43		0.74	-0.44	-0.23	0.13	-0.68	CLS
ERIC	0.85	0.23	0.25	-0.31	0.74		-0.37	-0.24	-0.01	-0.6	ERIC
XYZ	-0.35	0.65	-0.66	0.76	-0.44	-0.37		0.5	-0.49	0.89	XYZ
HPE	-0.15	0.39	0.1	0.56	-0.23	-0.24	0.5		-0.17	0.53	HPE
FICO	0.04	-0.45	0.41	-0.47	0.13	-0.01	-0.49	-0.17		-0.41	FICO
GRMN	-0.63	0.5	-0.51	0.76	-0.68	-0.6	0.89	0.53	-0.41		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	+ 0.89	XYZ
ERIC	+ 0.85	NOK
CLS	+ 0.8	NOK
XYZ	+ 0.76	TTWO
GRMN	+ 0.76	TTWO
ERIC	+ 0.74	CLS

High negative correlations

GRMN	- 0.68	CLS
XYZ	- 0.66	EA
GRMN	- 0.63	NOK
GRMN	- 0.6	ERIC
GRMN	- 0.51	EA
FICO	- 0.49	XYZ

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	2.00	0.48	0.17	0.65	2.34	(2.24)	3.47	(3.42)	31.94
MPWR	2.15	(0.07)	0.00	0.03	2.91	(2.10)	4.41	(4.47)	16.13
EA	0.15	0.01	(0.27)	0.19	0.02	(0.17)	0.31	(0.25)	0.80
TTWO	1.03	(0.06)	0.00	(0.09)	0.00	0.00	1.87	(1.81)	9.95
CLS	3.69	0.27	0.07	0.16	5.03	(3.72)	7.89	(7.56)	27.95
ERIC	1.26	0.19	0.12	0.29	1.22	(1.53)	1.78	(1.89)	25.04
XYZ	1.95	(0.24)	0.00	(0.07)	0.00	0.00	2.96	(5.28)	14.15
HPE	1.69	(0.08)	(0.01)	0.00	3.32	(1.41)	2.85	(4.17)	14.81
FICO	1.96	0.12	0.05	0.16	2.53	(2.15)	3.93	(3.16)	27.80
GRMN	1.16	(0.34)	0.00	(0.25)	0.00	0.00	2.07	(2.42)	15.12

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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