United Parcel Correlations

UPS Stock  USD 134.82  3.45  2.63%   
The current 90-days correlation between United Parcel Service and Bim Birlesik Magazalar is -0.03 (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

Modest diversification

The correlation between United Parcel Service and DJI is 0.22 (i.e., Modest 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.
  
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 american community survey.

Moving together with United Stock

  0.75GXO GXO LogisticsPairCorr
  0.72PBI-PB Pitney Bowes NT Potential GrowthPairCorr
  0.71CHRW CH Robinson WorldwidePairCorr
  0.71B Barnes GroupPairCorr
  0.71J Jacobs SolutionsPairCorr
  0.66AZ A2Z Smart TechnologiesPairCorr
  0.72BW Babcock Wilcox EnterPairCorr

Moving against United Stock

  0.76PAL Proficient Auto LogiPairCorr
  0.44PSIG PS InternationalPairCorr
  0.54SGLY Singularity FuturePairCorr
  0.64BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.53CP Canadian Pacific RailwayPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SEICSEGI
SEICRWAYL
SITKFMSTSX
BMBRFSITKF
SEICBMBRF
RWAYLLBHIX
  
High negative correlations   
BMBRFEXPD
SEGIEXPD
SEICEXPD
VIASPEXPD
RWAYLEXPD
SITKFEXPD

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EXPD  0.86 (0.05) 0.00 (0.11) 0.00 
 1.89 
 4.65 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MSTSX  0.48 (0.04)(0.13) 0.06  0.50 
 1.21 
 2.80 
LBHIX  0.11  0.01 (0.41) 0.46  0.00 
 0.24 
 0.96 
VIASP  0.72  0.00 (0.02) 0.00  1.05 
 2.28 
 7.18 
SITKF  5.58  1.06  0.14  3.03  5.02 
 14.29 
 32.64 
RWAYL  0.13  0.03 (0.46) 2.12  0.00 
 0.32 
 1.21 
SEGI  10.80  2.87  0.14 (1.04) 10.74 
 33.33 
 63.33 
BMBRF  2.06  1.06  0.00 (12.38) 0.00 
 0.00 
 68.94 
SEIC  0.80  0.18  0.17  0.34  0.61 
 1.57 
 7.23