Universal Power Correlations
| UPIN Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Universal Power Industry and Global Techs is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Universal Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Power Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Universal Power Correlation With Market
Good diversification
The correlation between Universal Power Industry and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Power Industry and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Universal Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Power 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 Universal Power - 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 Universal Power Industry to buy it.
Moving together with Universal Pink Sheet
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| 0.65 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.64 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Universal Pink Sheet
| 0.87 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.87 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.69 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | BMA | Banco Macro SA | PairCorr |
| 0.59 | KB | KB Financial Group | PairCorr |
| 0.59 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.51 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.5 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.45 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.39 | KAKZF | Kaspi Bank Joint | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Universal Pink Sheet performing well and Universal Power 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 Universal Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEGR | 15.06 | 3.29 | 0.15 | 39.53 | 13.62 | 38.89 | 151.52 | |||
| PRTT | 6.92 | (0.91) | 0.00 | (0.49) | 0.00 | 19.78 | 85.05 | |||
| GTLL | 41.42 | 13.76 | 0.22 | (0.75) | 28.54 | 100.00 | 166.67 | |||
| MONI | 8.69 | 1.55 | 0.13 | (1.08) | 9.01 | 22.70 | 52.42 | |||
| SPLP | 1.45 | 0.04 | 0.00 | 0.18 | 1.98 | 3.70 | 15.59 | |||
| FIP | 2.26 | (0.32) | 0.00 | (0.02) | 0.00 | 4.65 | 15.65 | |||
| GFF | 1.74 | 0.20 | 0.14 | 0.24 | 1.74 | 3.14 | 22.84 | |||
| MATW | 1.86 | 0.05 | 0.08 | 0.14 | 1.87 | 3.20 | 18.72 | |||
| TUSK | 2.24 | (0.17) | (0.03) | 0.00 | 3.62 | 6.63 | 25.08 | |||
| GTII | 164.65 | 96.53 | 1.60 | (1.91) | 42.86 | 316.67 | 4,428 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Universal Power 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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