Universal Technical Correlations
| UTI Stock | EUR 25.20 0.20 0.80% |
The current 90-days correlation between Universal Technical and Universal Insurance Holdings is 0.12 (i.e., Average diversification). The correlation of Universal Technical 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.
Universal Technical Correlation With Market
Average diversification
The correlation between Universal Technical Institute and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Technical Institute and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Universal Technical 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 Technical 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 Technical - 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 Technical Institute to buy it.
Moving together with Universal Stock
| 0.85 | GKD | Grand Canyon Education | PairCorr |
| 0.65 | WPOB | Graham Holdings | PairCorr |
| 0.79 | SQE | Strategic Education | PairCorr |
| 0.82 | LA3A | Laureate Education | PairCorr |
| 0.73 | SLT | SCHALTBAU HOLDING | PairCorr |
| 0.91 | YMI | Yellow Pages Limited | PairCorr |
| 0.92 | IC1B | INTERCONT HOTELS | PairCorr |
| 0.67 | ELG | Elmos Semiconductor | PairCorr |
| 0.68 | ASME | ASML Holding NV | PairCorr |
| 0.82 | HBC2 | HSBC Holdings plc | PairCorr |
| 0.65 | E908 | Lyxor 1 | PairCorr |
Moving against Universal Stock
| 0.74 | 03F | IDP EDUCATION LTD | PairCorr |
| 0.7 | HO1 | Hologic | PairCorr |
| 0.7 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.56 | C2H | Copa Holdings SA Earnings Call This Week | PairCorr |
| 0.55 | ZX3 | CHINA EAST ED | PairCorr |
| 0.42 | KE0A | COGNA EDUCACAO SPADR | PairCorr |
Related Correlations Analysis
| -0.25 | 0.11 | -0.02 | -0.27 | -0.03 | 47X | ||
| -0.25 | 0.13 | 0.36 | 0.95 | 0.89 | NRM | ||
| 0.11 | 0.13 | 0.1 | 0.13 | 0.09 | 25F0 | ||
| -0.02 | 0.36 | 0.1 | 0.35 | 0.61 | 5UI | ||
| -0.27 | 0.95 | 0.13 | 0.35 | 0.89 | NRM | ||
| -0.03 | 0.89 | 0.09 | 0.61 | 0.89 | QBE | ||
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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 Stock performing well and Universal Technical 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 Technical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 47X | 1.40 | (0.07) | 0.00 | (0.09) | 0.00 | 3.08 | 10.92 | |||
| NRM | 1.20 | 0.20 | 0.07 | 58.23 | 1.14 | 3.00 | 7.02 | |||
| 25F0 | 1.30 | (0.11) | 0.00 | (1.65) | 0.00 | 2.77 | 18.34 | |||
| 5UI | 1.41 | 0.13 | 0.03 | 1.73 | 1.46 | 3.90 | 10.43 | |||
| NRM | 1.25 | 0.20 | 0.07 | 0.70 | 1.38 | 3.24 | 11.70 | |||
| QBE | 1.03 | 0.20 | 0.09 | 0.65 | 0.89 | 1.77 | 8.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Universal Technical 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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Universal Technical Corporate Management
Elected by the shareholders, the Universal Technical's board of directors comprises two types of representatives: Universal Technical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Universal. The board's role is to monitor Universal Technical's management team and ensure that shareholders' interests are well served. Universal Technical'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, Universal Technical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lori Smith | VP Officer | Profile | |
| Todd Hitchcock | VP Officer | Profile | |
| Matthew Kempton | VP Fin | Profile | |
| Robert Burnfield | President | Profile | |
| Sonia Mason | VP Officer | Profile | |
| Christopher Kevane | Chief VP | Profile |