United Natural Correlations
| UN3 Stock | EUR 22.10 0.87 4.10% |
The current 90-days correlation between United Natural Foods and Harmony Gold Mining is 0.08 (i.e., Significant diversification). The correlation of United Natural 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.
United Natural Correlation With Market
Average diversification
The correlation between United Natural Foods and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Natural Foods and DJI in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Natural Foods to buy it.
Moving together with United Stock
| 0.92 | P5F | Performance Food | PairCorr |
| 0.83 | UFH | US Foods Holding | PairCorr |
| 0.9 | 6BF | P/F Bakkafrost | PairCorr |
| 0.84 | W5E | Peel Mining Limited | PairCorr |
| 0.68 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against United Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between United Stock performing well and United Natural 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 United Natural'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LY1 | 3.03 | 0.01 | 0.00 | 0.11 | 0.00 | 5.56 | 28.43 | |||
| LY1 | 2.33 | (0.06) | 0.00 | (0.08) | 0.00 | 5.26 | 15.26 | |||
| 5PMA | 3.56 | (0.19) | 0.00 | (0.12) | 0.00 | 8.70 | 24.17 | |||
| HAM | 2.96 | 0.04 | (0.02) | 0.28 | 3.31 | 7.88 | 14.78 | |||
| M0G | 2.18 | 0.06 | (0.02) | 1.56 | 2.39 | 3.49 | 15.21 | |||
| US8 | 2.49 | 0.04 | (0.04) | 0.02 | 3.19 | 5.52 | 20.89 | |||
| UWV | 2.69 | (0.15) | 0.00 | (0.08) | 0.00 | 7.95 | 23.62 | |||
| 7JZ | 2.28 | 0.29 | 0.07 | 0.54 | 3.01 | 6.10 | 17.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in United Natural without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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United Natural Corporate Management
Elected by the shareholders, the United Natural's board of directors comprises two types of representatives: United Natural inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Natural's management team and ensure that shareholders' interests are well served. United Natural's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, United Natural's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Funk | CoFounder Director | Profile | |
| John Howard | Chief Officer | Profile | |
| Jeffrey Swanson | VP Relations | Profile | |
| Mahrukh Hussain | Gen Sec | Profile | |
| Christopher Testa | President | Profile | |
| James Douglas | CEO Director | Profile | |
| Richard Esper | Chief Controller | Profile |