Univec Correlations
| UNVC Stock | USD 0 0.0004 12.50% |
The correlation of Univec 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.
Univec Correlation With Market
Significant diversification
The correlation between Univec Inc and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Univec Inc and DJI in the same portfolio, assuming nothing else is changed.
Univec |
The ability to find closely correlated positions to Univec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Univec 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 Univec - 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 Univec Inc to buy it.
Moving together with Univec Pink Sheet
| 0.8 | BKRKY | Bank Rakyat | PairCorr |
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.85 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.79 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Univec Pink Sheet
| 0.84 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.83 | SSNLF | Samsung Electronics | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | HPQ | HP Inc | PairCorr |
| 0.73 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.71 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.69 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.59 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.58 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.47 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Related Correlations Analysis
| 0.65 | 0.12 | -0.62 | -0.72 | GRPS | ||
| 0.65 | 0.2 | -0.6 | -0.5 | RMSL | ||
| 0.12 | 0.2 | -0.12 | -0.06 | RMRK | ||
| -0.62 | -0.6 | -0.12 | 0.29 | UATG | ||
| -0.72 | -0.5 | -0.06 | 0.29 | DUTV | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Univec Pink Sheet performing well and Univec 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 Univec'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRPS | 8.88 | (1.81) | 0.00 | (2.44) | 0.00 | 25.00 | 69.44 | |||
| RMSL | 3.29 | (0.18) | 0.00 | (0.07) | 0.00 | 8.14 | 20.36 | |||
| RMRK | 8.78 | 1.93 | 0.04 | (0.18) | 9.96 | 33.33 | 58.33 | |||
| UATG | 5.64 | 0.63 | 0.08 | 0.54 | 6.66 | 12.00 | 35.33 | |||
| DUTV | 7.23 | 1.19 | 0.09 | (1.28) | 8.63 | 18.42 | 55.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Univec 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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Univec Corporate Executives
Elected by the shareholders, the Univec's board of directors comprises two types of representatives: Univec inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Univec. The board's role is to monitor Univec's management team and ensure that shareholders' interests are well served. Univec'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, Univec's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Lesisko | CFO, Secretary and Treasurer | Profile | |
| Raphael Langford | COO and Executive VP | Profile |