UTG Correlations
| UTGNDelisted Stock | USD 29.60 0.00 0.00% |
The current 90-days correlation between UTG Inc and Virginia National Bankshares is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UTG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTG Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
UTG Correlation With Market
Good diversification
The correlation between UTG Inc and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UTG Inc and DJI in the same portfolio, assuming nothing else is changed.
UTG |
The ability to find closely correlated positions to UTG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTG 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 UTG - 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 UTG Inc to buy it.
Moving together with UTG Pink Sheet
Moving against UTG Pink Sheet
| 0.78 | CNO-PA | CNO Financial Group | PairCorr |
| 0.74 | AVVIY | Aviva PLC ADR | PairCorr |
| 0.69 | ABL | Abacus Life | PairCorr |
| 0.63 | JXN | Jackson Financial | PairCorr |
| 0.62 | PUK | Prudential PLC ADR | PairCorr |
| 0.56 | PRU | Prudential Financial Earnings Call This Week | PairCorr |
| 0.55 | LNC-PD | Lincoln National Earnings Call This Week | PairCorr |
| 0.54 | MET-PE | MetLife Preferred Stock | PairCorr |
| 0.52 | MET-PF | MetLife Preferred Stock | PairCorr |
| 0.52 | AXAHY | Axa SA ADR | PairCorr |
| 0.51 | AFL | Aflac Incorporated | PairCorr |
| 0.46 | LNC | Lincoln National Earnings Call This Week | PairCorr |
| 0.39 | CIA | Citizens | PairCorr |
| 0.35 | FG | FG Annuities Life | PairCorr |
| 0.33 | GNW | Genworth Financial | PairCorr |
| 0.78 | GL-PD | Globe Life 425 | PairCorr |
| 0.74 | ABLLW | Abacus Life | PairCorr |
| 0.74 | BHFAP | Brighthouse Financial | PairCorr |
| 0.73 | BHFAO | Brighthouse Financial | PairCorr |
| 0.7 | MBCN | Middlefield Banc Normal Trading | PairCorr |
| 0.64 | AC | Associated Capital Earnings Call This Week | PairCorr |
| 0.6 | JXN-PA | Jackson Financial | PairCorr |
| 0.6 | AAME | Atlantic American | PairCorr |
| 0.53 | BHFAM | Brighthouse Financial | PairCorr |
| 0.51 | DHIL | Diamond Hill Investment | PairCorr |
| 0.48 | BHFAN | Brighthouse Financial | PairCorr |
| 0.45 | MBIN | Merchants Bancorp | PairCorr |
| 0.38 | MBWM | Mercantile Bank | PairCorr |
| 0.38 | AX | Axos Financial | PairCorr |
Related Correlations Analysis
| -0.22 | 0.25 | 0.07 | -0.12 | KCLI | ||
| -0.22 | -0.29 | -0.11 | -0.06 | VABK | ||
| 0.25 | -0.29 | 0.47 | 0.83 | PKIN | ||
| 0.07 | -0.11 | 0.47 | 0.4 | UBAB | ||
| -0.12 | -0.06 | 0.83 | 0.4 | UNTN | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between UTG Pink Sheet performing well and UTG 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 UTG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KCLI | 0.60 | (0.09) | 0.00 | (3.07) | 0.00 | 1.69 | 3.39 | |||
| VABK | 1.59 | (0.20) | 0.00 | (0.22) | 0.00 | 3.06 | 9.37 | |||
| PKIN | 0.12 | 0.02 | 0.00 | 0.38 | 0.00 | 0.09 | 3.78 | |||
| UBAB | 1.06 | 0.10 | 0.00 | (3.05) | 1.23 | 1.87 | 9.51 | |||
| UNTN | 0.54 | 0.08 | 0.01 | 0.32 | 0.73 | 2.61 | 8.60 |
UTG Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with UTG pink sheet to make a market-neutral strategy. Peer analysis of UTG could also be used in its relative valuation, which is a method of valuing UTG by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
UTG Corporate Executives
Elected by the shareholders, the UTG's board of directors comprises two types of representatives: UTG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UTG. The board's role is to monitor UTG's management team and ensure that shareholders' interests are well served. UTG'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, UTG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Theodore Miller | CFO, Sr. VP and Corporate Secretary | Profile |
Still Interested in UTG Inc?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.