United Parcel Correlations

UPS Stock

USD 119.24 1.17 0.99%

The current 90-days correlation between United Parcel Service and Northrop Grumman is -0.01 (i.e., Good diversification). The correlation of United Parcel 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. If the correlation is 0, the equities are not correlated; they are entirely random.

United Parcel Correlation With Market

Very poor diversification

The correlation between United Parcel Service and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Parcel Service and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with United Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Parcel Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with United Stock

0.9	DHL	Deutsche Post AG	Pair Corr
0.79	3GT	RADIANT LOGISTICS	Pair Corr
0.82	HSP	Hargreaves Services Plc	Pair Corr
0.88	ZTOB	ZTO EXPRESS	Pair Corr
0.92	ZTOA	ZTO Express	Pair Corr
0.76	EXPD	Expeditors International	Pair Corr
0.97	FDX	FedEx	Pair Corr
0.88	DPWA	DEUTSCHE POST SPONSADR	Pair Corr
0.91	GXO	GXO Logistics	Pair Corr
0.87	FWRD	Forward Air	Pair Corr
0.88	XPO	XPO Logistics	Pair Corr
0.98	UPAB	United Parcel Service	Pair Corr
0.93	ZTO	ZTO Express	Pair Corr
0.87	TTNM	Titanium Transportation	Pair Corr
0.92	JB1	JB Hunt Transport	Pair Corr
0.86	KNIU	Kuehne Nagel Interna	Pair Corr
0.95	O3P	Österreichische Post	Pair Corr
0.85	TGHN	Logwin AG	Pair Corr
0.67	HUBG	Hub Group	Pair Corr
0.81	5CI	Logista	Pair Corr
0.91	PNL	PostNL NV	Pair Corr
0.97	FDX	FedEx	Pair Corr
0.93	13B	bpost NV	Pair Corr
0.82	CH1A	CH Robinson Worldwide	Pair Corr
0.84	93N	GXO LOGISTICS INC	Pair Corr
0.9	DHL	Deutsche Post AG	Pair Corr
0.75	CLX	Cti Logistics	Pair Corr

Moving against United Stock

0.88	GVH	Globavend Holdings	Pair Corr
0.53	HKPD	Hong Kong Pharma	Pair Corr
0.41	JYD	Jayud Global Logistics	Pair Corr
0.32	KYL	KERRY LOGNETWORK	Pair Corr
0.88	1YM	MARUWA UNYU KIKAN	Pair Corr
0.67	SGR	SINGAPORE POST	Pair Corr
0.61	ATXG	Addentax Group Corp	Pair Corr
0.49	WJL	Webjet Group	Pair Corr

Related Correlations Analysis

	NOC	WM	EMR	MMM	TDG	JCI	ITW	HWM
NOC		0.8	0.9	-0.2	0.33	0.52	0.82	0.76	NOC
WM	0.8		0.77	-0.21	0.2	0.48	0.75	0.65	WM
EMR	0.9	0.77		-0.09	0.3	0.49	0.83	0.67	EMR
MMM	-0.2	-0.21	-0.09		-0.32	0.23	0.19	0.12	MMM
TDG	0.33	0.2	0.3	-0.32		-0.46	-0.13	0.25	TDG
JCI	0.52	0.48	0.49	0.23	-0.46		0.81	0.55	JCI
ITW	0.82	0.75	0.83	0.19	-0.13	0.81		0.71	ITW
HWM	0.76	0.65	0.67	0.12	0.25	0.55	0.71		HWM
	NOC	WM	EMR	MMM	TDG	JCI	ITW	HWM

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

EMR	+ 0.9	NOC
ITW	+ 0.83	EMR
ITW	+ 0.82	NOC
ITW	+ 0.81	JCI
WM	+ 0.8	NOC
EMR	+ 0.77	WM

High negative correlations

JCI	- 0.46	TDG
TDG	- 0.32	MMM
MMM	- 0.21	WM
MMM	- 0.2	NOC
ITW	- 0.13	TDG
MMM	- 0.09	EMR

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Parcel 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 Parcel'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
NOC	1.29	0.32	0.17	0.71	1.41	(1.53)	2.91	(1.87)	9.88
WM	0.82	0.22	0.14	0.81	0.94	(0.85)	2.06	(1.56)	6.00
EMR	1.55	0.11	0.07	0.11	2.22	(1.53)	3.43	(3.47)	11.44
MMM	1.20	(0.01)	0.00	0.05	1.79	(1.17)	2.12	(2.06)	9.08
TDG	1.04	(0.03)	(0.03)	0.00	2.06	(0.97)	1.76	(2.16)	12.34
JCI	1.16	0.16	0.08	0.32	1.51	(1.20)	3.03	(2.00)	8.37
ITW	0.98	0.27	0.20	0.36	0.86	(1.08)	2.77	(2.12)	6.58
HWM	1.48	0.23	0.14	0.36	1.33	(1.72)	3.56	(2.29)	7.17

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