Unit Correlations

UNTC Stock

USD 33.24 0.51 1.56%

The current 90-days correlation between Unit and EXCO Resources is -0.32 (i.e., Very good diversification). The correlation of Unit 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.

Unit Correlation With Market

Average diversification

The correlation between Unit Corp. and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unit Corp. and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Unit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unit 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 Unit - 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 Unit Corporation to buy it.

Moving together with Unit Pink Sheet

0.74	PETR4	Petrleo Brasileiro	Pair Corr
0.68	SHEL	Shell PLC ADR	Pair Corr
0.66	TTE	TotalEnergies SE ADR	Pair Corr
0.69	TTFNF	TotalEnergies SE	Pair Corr
0.7	PCCYF	PetroChina	Pair Corr
0.82	AAP	Advance Auto Parts	Pair Corr
0.68	SYY	Sysco	Pair Corr

Moving against Unit Pink Sheet

0.54	DOX	Amdocs	Pair Corr
0.48	172967KN0	CITIGROUP INC 34	Pair Corr
0.52	AAL	American Airlines	Pair Corr

Related Correlations Analysis

	WDGJY	EXCE	ESVIF	PEGIY	FGPR	HZNFF	WDGJF	NBRWF	OILSF	CEIEF
WDGJY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WDGJY
EXCE	0.0		0.84	0.0	0.82	0.65	0.29	0.4	0.78	0.41	EXCE
ESVIF	0.0	0.84		0.0	0.82	0.48	0.29	0.45	0.92	0.53	ESVIF
PEGIY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PEGIY
FGPR	0.0	0.82	0.82	0.0		0.54	0.24	0.45	0.74	0.36	FGPR
HZNFF	0.0	0.65	0.48	0.0	0.54		0.0	0.24	0.44	0.35	HZNFF
WDGJF	0.0	0.29	0.29	0.0	0.24	0.0		0.09	0.36	0.23	WDGJF
NBRWF	0.0	0.4	0.45	0.0	0.45	0.24	0.09		0.4	0.11	NBRWF
OILSF	0.0	0.78	0.92	0.0	0.74	0.44	0.36	0.4		0.62	OILSF
CEIEF	0.0	0.41	0.53	0.0	0.36	0.35	0.23	0.11	0.62		CEIEF
	WDGJY	EXCE	ESVIF	PEGIY	FGPR	HZNFF	WDGJF	NBRWF	OILSF	CEIEF

Please upgrade your account to get full access to Macroaxis premium features

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

OILSF	+ 0.92	ESVIF
ESVIF	+ 0.84	EXCE
FGPR	+ 0.82	EXCE
FGPR	+ 0.82	ESVIF
OILSF	+ 0.78	EXCE
OILSF	+ 0.74	FGPR

High negative correlations

WDGJF	- 0.0	HZNFF
CEIEF	- 0.0	PEGIY
OILSF	- 0.0	PEGIY
NBRWF	- 0.0	PEGIY
WDGJF	- 0.0	PEGIY
HZNFF	- 0.0	PEGIY

Risk-Adjusted Indicators

There is a big difference between Unit Pink Sheet performing well and Unit 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 Unit'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
WDGJY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXCE	1.25	0.39	0.09	(1.17)	1.19	(2.65)	4.70	(2.25)	12.90
ESVIF	2.71	0.65	0.21	0.56	2.47	(3.32)	6.47	(4.97)	14.76
PEGIY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FGPR	1.42	0.21	0.05	1.88	2.21	(1.63)	3.81	(2.27)	17.06
HZNFF	5.91	0.84	0.04	0.37	7.90	(40.02)	14.29	(12.50)	129.53
WDGJF	3.50	0.36	0.03	6.99	4.37	(10.88)	12.50	(11.11)	35.79
NBRWF	14.25	2.20	0.10	2.31	15.41	(23.64)	43.75	(26.09)	150.48
OILSF	2.26	0.39	0.10	16.69	2.97	(2.37)	5.50	(4.98)	13.42
CEIEF	1.10	0.06	0.00	0.89	1.84	(3.10)	3.45	(3.33)	14.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Unit 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?

Run ETF Categories Now

ETF Categories

List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments

All Next

Launch Module

Unit Corporate Management

Andrew Harding	Corp VP	Profile
James White	VP HR	Profile
John Cromling	Ex Company	Profile
Michael Earl	VP Relations	Profile
Philip Smith	Pres Chairman	Profile
Christopher Menefee	Pres Company	Profile
April Adler	Assistant Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC