UL Solutions Correlations

ULS Stock

54.38 0.92 1.66%

The current 90-days correlation between UL Solutions and Tower Semiconductor is 0.26 (i.e., Modest diversification). The correlation of UL Solutions 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UL Solutions Correlation With Market

Modest diversification

The correlation between UL Solutions and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UL Solutions 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 UL Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.

Moving together with ULS Stock

0.64

ABM

ABM Industries Fiscal Year End 11th of December 2024

Pair Corr

Moving against ULS Stock

0.45	CDTG	CDT Environmental	Pair Corr
0.36	BLMZ	BloomZ Ordinary Shares	Pair Corr

Related Correlations Analysis

	SPNS	NNAVW	TSEM	MU	IPGP	KLIC	PSFE
SPNS		-0.64	-0.55	0.13	0.04	-0.35	0.69	SPNS
NNAVW	-0.64		0.62	0.41	0.67	0.81	-0.43	NNAVW
TSEM	-0.55	0.62		0.57	0.47	0.72	-0.48	TSEM
MU	0.13	0.41	0.57		0.81	0.76	0.12	MU
IPGP	0.04	0.67	0.47	0.81		0.86	0.05	IPGP
KLIC	-0.35	0.81	0.72	0.76	0.86		-0.24	KLIC
PSFE	0.69	-0.43	-0.48	0.12	0.05	-0.24		PSFE
	SPNS	NNAVW	TSEM	MU	IPGP	KLIC	PSFE

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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

KLIC	+ 0.86	IPGP
KLIC	+ 0.81	NNAVW
IPGP	+ 0.81	MU
KLIC	+ 0.76	MU
KLIC	+ 0.72	TSEM
PSFE	+ 0.69	SPNS

High negative correlations

NNAVW	- 0.64	SPNS
TSEM	- 0.55	SPNS
PSFE	- 0.48	TSEM
PSFE	- 0.43	NNAVW
KLIC	- 0.35	SPNS
PSFE	- 0.24	KLIC

Risk-Adjusted Indicators

There is a big difference between ULS Stock performing well and UL Solutions 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 UL Solutions' 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
SPNS	1.61	(0.46)	0.00	(0.42)	0.00	0.00	2.21	(3.04)	31.27
NNAVW	3.79	1.75	0.35	1.91	3.75	(4.57)	11.83	(6.75)	24.31
TSEM	1.82	0.04	0.04	0.15	2.63	(1.73)	3.85	(3.78)	16.72
MU	2.34	(0.15)	(0.01)	0.04	2.94	(2.30)	4.60	(4.19)	19.00
IPGP	1.70	(0.04)	0.02	0.10	1.84	(1.82)	4.46	(3.32)	11.69
KLIC	1.89	(0.01)	0.04	0.12	2.31	(1.92)	4.74	(3.03)	11.34
PSFE	2.06	(0.38)	0.00	(0.08)	0.00	0.00	5.19	(3.12)	31.72

UL Solutions Corporate Management

Diana Coso	Interim VP	Profile
Kathleen Fieweger	Senior Communications	Profile
Linda Chapin	Executive Officer	Profile
Upayan Sengupta	Senior Consumer	Profile
Lynn Hancock	Executive Officer	Profile
Gitte Schjotz	Executive Officer	Profile
Weifang Zhou	Inspection Testing	Profile

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