Universal Technical Correlations

UTI Stock

USD 24.75 3.11 11.16%

The current 90-days correlation between Universal Technical and Strategic Education is 0.53 (i.e., Very weak 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

Modest diversification

The correlation between Universal Technical Institute and DJI is 0.26 (i.e., Modest 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.

Build AI portfolio with Universal Stock

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

Moving together with Universal Stock

0.67

CE1

Perdoceo Education

Pair Corr

Moving against Universal Stock

0.59	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.43	IVVD	Invivyd	Pair Corr

Related Correlations Analysis

	STRA	AFYA	PXED	TR	COUR	ANDE	DAO	WMK	PRDO	JJSF
STRA		0.24	-0.18	-0.16	-0.71	0.77	0.45	0.52	0.62	0.65	STRA
AFYA	0.24		-0.08	-0.04	-0.14	0.21	-0.1	0.11	-0.1	0.14	AFYA
PXED	-0.18	-0.08		-0.52	0.39	-0.35	-0.11	-0.35	-0.21	0.07	PXED
TR	-0.16	-0.04	-0.52		0.1	0.06	-0.33	0.36	-0.11	-0.23	TR
COUR	-0.71	-0.14	0.39	0.1		-0.9	-0.49	-0.69	-0.65	-0.43	COUR
ANDE	0.77	0.21	-0.35	0.06	-0.9		0.26	0.85	0.56	0.42	ANDE
DAO	0.45	-0.1	-0.11	-0.33	-0.49	0.26		0.03	0.69	0.25	DAO
WMK	0.52	0.11	-0.35	0.36	-0.69	0.85	0.03		0.37	0.26	WMK
PRDO	0.62	-0.1	-0.21	-0.11	-0.65	0.56	0.69	0.37		0.07	PRDO
JJSF	0.65	0.14	0.07	-0.23	-0.43	0.42	0.25	0.26	0.07		JJSF
	STRA	AFYA	PXED	TR	COUR	ANDE	DAO	WMK	PRDO	JJSF

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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

WMK	+ 0.85	ANDE
ANDE	+ 0.77	STRA
PRDO	+ 0.69	DAO
JJSF	+ 0.65	STRA
PRDO	+ 0.62	STRA
PRDO	+ 0.56	ANDE

High negative correlations

ANDE	- 0.9	COUR
COUR	- 0.71	STRA
WMK	- 0.69	COUR
PRDO	- 0.65	COUR
TR	- 0.52	PXED
DAO	- 0.49	COUR

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
STRA	1.30	0.06	0.03	0.09	2.13	(1.23)	2.32	(3.50)	14.59
AFYA	1.19	0.06	0.03	0.13	1.77	(1.13)	2.30	(2.99)	6.95
PXED	3.25	(0.41)	0.00	(0.23)	0.00	0.00	6.27	(6.69)	19.88
TR	0.98	0.15	0.11	0.64	0.90	(1.18)	2.76	(1.40)	8.05
COUR	1.82	(0.53)	0.00	(0.52)	0.00	0.00	3.25	(4.25)	14.34
ANDE	1.48	0.48	0.31	0.86	1.14	(1.73)	4.37	(2.24)	7.65
DAO	3.07	(0.11)	0.00	(0.10)	0.00	0.00	6.96	(5.06)	16.06
WMK	1.07	0.23	0.17	0.54	0.99	(1.28)	2.23	(1.59)	7.02
PRDO	1.22	(0.03)	(0.02)	0.01	1.70	(1.24)	2.71	(2.75)	11.37
JJSF	1.38	0.04	0.00	(0.71)	3.29	(1.21)	3.08	(2.68)	22.01

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