United Natural Correlations

Stocks . Germany . 
Stock . United Natural Foods
UN3 Stock  EUR 26.66  0.23  0.86%   
The current 90-days correlation between United Natural Foods and Lery Seafood Group is 0.13 (i.e., Average 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

Good diversification

The correlation between United Natural Foods and DJI is -0.01 (i.e., Good 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.
  
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

  0.75SYY SyscoPairCorr
  0.63JEM Jernimo Martins SGPSPairCorr
  0.65JEM0 JERONIMO MARTINS UNADR2PairCorr
  0.76P5F Performance FoodPairCorr
  0.8UFH US Foods HoldingPairCorr
  0.933RK Ryohin KeikakuPairCorr
  0.87AIRA Airbus SEPairCorr
  0.9SONA Sony GroupPairCorr
  0.78NTT Nippon TelegraphPairCorr
  0.86BMT British American TobaccoPairCorr
  0.771NN Neinor Homes SAPairCorr
  0.74DTE Deutsche TelekomPairCorr
  0.88BSI BE Semiconductor IndPairCorr
  0.62A2P COPLAND ROAD CAPITALPairCorr
  0.8OTP OTP Bank NyrtPairCorr
  0.655F3 JINS HOLDINGS INCPairCorr
  0.8XGH ENN Energy HoldingsPairCorr
  0.823N8 Nabtesco CorpPairCorr
  0.68H1Q China BlueChemicalPairCorr
  0.9ZOF SBI HoldingsPairCorr
  0.84RC2 RCM TECHNOLOGIESPairCorr
  0.84RHM Rheinmetall AGPairCorr

Moving against United Stock

  0.81BYRA PT Bank RakyatPairCorr
  0.63SSUN Samsung ElectronicsPairCorr
  0.63SSUN Samsung ElectronicsPairCorr
  0.62SSU Samsung ElectronicsPairCorr
  0.62SSU Samsung ElectronicsPairCorr
  0.54AXL1 Axfood ABPairCorr
  0.5B4B3 Metro AGPairCorr
  0.32B4B3 Metro AGPairCorr
  0.8DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
NY70
+ 0.74
ZSL
T6W
+ 0.63
ZSL
T6W
+ 0.47
NY70
5RU
+ 0.0
CUG
U09
+ 0.0
CUG
5RU
+ 0.0
ZSL
  
High negative correlations   
U09
- 1.0
5RU
Z1L
- 0.22
ZSL
ZSL
- 0.21
CUG
NY70
- 0.19
CUG
T6W
- 0.14
CUG
Z1L
- 0.13
NY70

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.

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.

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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 FunkCoFounder DirectorProfile
John HowardChief OfficerProfile
Jeffrey SwansonVP RelationsProfile
Mahrukh HussainGen SecProfile
Christopher TestaPresidentProfile
James DouglasCEO DirectorProfile
Richard EsperChief ControllerProfile
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