Unique Logistics Correlations
| UNQLDelisted Stock | USD 0 0.0008 25.81% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unique Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unique Logistics International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Unique Logistics Correlation With Market
Good diversification
The correlation between Unique Logistics International and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unique Logistics International and DJI in the same portfolio, assuming nothing else is changed.
Unique |
The ability to find closely correlated positions to Unique Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unique Logistics 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 Unique Logistics - 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 Unique Logistics International to buy it.
Moving against Unique Pink Sheet
| 0.75 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.58 | KYOCF | Kyocera | PairCorr |
| 0.53 | STAG | STAG Industrial | PairCorr |
| 0.53 | AAL | American Airlines | PairCorr |
| 0.43 | EGP | EastGroup Properties | PairCorr |
| 0.43 | SMGKF | Smiths Group plc | PairCorr |
| 0.39 | NOEM | CO2 Energy Transition | PairCorr |
| 0.38 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.36 | PBCRF | PT Bank Central | PairCorr |
| 0.32 | DDS | Dillards, | PairCorr |
| 0.32 | PII | Polaris Industries | PairCorr |
| 0.32 | CLRI | Cleartronic | PairCorr |
| 0.71 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.64 | GM | General Motors | PairCorr |
| 0.62 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.6 | RLMD | Relmada Therapeutics | PairCorr |
| 0.6 | DNLMY | Dunelm Group PLC | PairCorr |
| 0.56 | APGE | Apogee Therapeutics, | PairCorr |
| 0.55 | AKAM | Akamai Technologies | PairCorr |
| 0.55 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.53 | 68233JBP8 | US68233JBP84 | PairCorr |
| 0.5 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Unique Pink Sheet performing well and Unique Logistics 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 Unique Logistics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LPENF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BURU | 8.89 | 1.13 | 0.11 | 0.63 | 8.32 | 24.14 | 113.85 | |||
| ACAVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LNNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DADTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GPGC | 116.40 | 61.21 | 0.00 | (1.78) | 0.00 | 0.00 | 3,923 | |||
| EQTE | 8.79 | (4.56) | 0.00 | 5.74 | 0.00 | 0.00 | 101.35 | |||
| DRFS | 15.23 | 1.77 | 0.08 | (1.40) | 16.11 | 43.33 | 103.94 | |||
| ROSSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PLRTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Unique Logistics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Unique Logistics pink sheet to make a market-neutral strategy. Peer analysis of Unique Logistics could also be used in its relative valuation, which is a method of valuing Unique Logistics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Unique Logistics Corporate Management
| Eli Kay | Chief Officer | Profile | |
| Dawn Lowry | Ex Services | Profile | |
| Migdalia Diaz | Chief Officer | Profile | |
| Oscar Schlossberg | Ex Freight | Profile | |
| Christian Sur | Ex Freight | Profile | |
| Sunandan Ray | CEO Chairman | Profile |
Still Interested in Unique Logistics International?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.