Ucommune International Correlations

UK Etf

USD 1.22 0.04 3.39%

The current 90-days correlation between Ucommune International and Leju Holdings Limited is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ucommune International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ucommune International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ucommune International Correlation With Market

Good diversification

The correlation between Ucommune International and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ucommune International 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 Ucommune International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Ucommune Etf please use our How to buy in Ucommune Etf guide.

Moving together with Ucommune Etf

0.77	VTMX	Corporacin Inmobiliaria	Pair Corr
0.77	ARL	American Realty Investors	Pair Corr
0.65	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.81	SGD	Safe and Green	Pair Corr
0.65	TCI	Transcontinental Realty	Pair Corr
0.86	XHG	XChange TECINC Symbol Change	Pair Corr
0.83	GIPR	Generationome Properties	Pair Corr
0.71	HOUS	Anywhere Real Estate	Pair Corr

Moving against Ucommune Etf

0.76	FSV	FirstService Corp	Pair Corr
0.75	IRS	IRSA Inversiones Y	Pair Corr
0.62	LRE	Lead Real Estate	Pair Corr
0.55	CBL	CBL Associates Properties	Pair Corr
0.55	HHH	Howard Hughes	Pair Corr
0.51	JLL	Jones Lang LaSalle	Pair Corr
0.48	FRPH	Frp Holdings Ord	Pair Corr
0.45	ZG	Zillow Group	Pair Corr
0.38	AEI	Alset Ehome International	Pair Corr
0.34	MDV	Modiv Inc	Pair Corr
0.71	HTIA	Healthcare Trust	Pair Corr
0.64	RFL	Rafael Holdings Class	Pair Corr
0.64	MRNO	Murano Global Investments	Pair Corr
0.49	XIN	Xinyuan Real Estate	Pair Corr
0.47	GYRO	Gyrodyne Company	Pair Corr
0.43	NEN	New England Realty	Pair Corr
0.42	NMRK	Newmark Group	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.58	-0.01	0.64	0.02	0.73	0.31	-0.58	0.74	META
MSFT	0.27		0.22	0.12	0.18	-0.03	0.04	-0.16	0.1	-0.18	MSFT
UBER	0.58	0.22		0.0	0.09	0.23	0.12	-0.03	-0.01	0.42	UBER
F	-0.01	0.12	0.0		-0.03	-0.36	0.33	0.61	-0.22	0.27	F
T	0.64	0.18	0.09	-0.03		-0.44	0.7	0.43	-0.73	0.38	T
A	0.02	-0.03	0.23	-0.36	-0.44		-0.45	-0.64	0.62	0.02	A
CRM	0.73	0.04	0.12	0.33	0.7	-0.45		0.8	-0.92	0.67	CRM
JPM	0.31	-0.16	-0.03	0.61	0.43	-0.64	0.8		-0.82	0.48	JPM
MRK	-0.58	0.1	-0.01	-0.22	-0.73	0.62	-0.92	-0.82		-0.55	MRK
XOM	0.74	-0.18	0.42	0.27	0.38	0.02	0.67	0.48	-0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.8	CRM
XOM	+ 0.74	META
CRM	+ 0.73	META
CRM	+ 0.7	T
XOM	+ 0.67	CRM
T	+ 0.64	META

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.82	JPM
MRK	- 0.73	T
JPM	- 0.64	A
MRK	- 0.58	META
XOM	- 0.55	MRK

Ucommune International Competition Risk-Adjusted Indicators

There is a big difference between Ucommune Etf performing well and Ucommune International ETF 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 Ucommune International'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
META	1.07	0.05	0.02	0.16	1.41	(1.15)	2.62	(3.15)	8.02
MSFT	0.89	(0.10)	0.00	(0.05)	0.00	0.00	2.08	(2.03)	8.19
UBER	1.56	(0.15)	0.00	(0.06)	0.00	0.00	2.53	(2.44)	20.10
F	1.40	(0.09)	(0.02)	0.02	2.20	(1.37)	2.53	(2.90)	11.72
T	0.91	0.26	0.16	(47.59)	0.84	(1.03)	2.56	(1.72)	6.47
A	1.09	(0.16)	0.00	(0.27)	0.00	0.00	2.11	(2.42)	9.02
CRM	1.25	0.24	0.20	0.30	0.94	(1.47)	3.18	(1.91)	9.09
JPM	1.09	0.03	0.06	0.10	1.43	(1.11)	2.05	(2.00)	15.87
MRK	0.83	(0.26)	0.00	(1.64)	0.00	0.00	1.68	(2.13)	4.89
XOM	1.03	0.04	0.00	0.15	1.22	(1.09)	2.14	(2.09)	5.78

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