Unitronix Correlations

UTRX Stock

USD 0.03 0 6.37%

The correlation of Unitronix 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.

Unitronix Correlation With Market

Good diversification

The correlation between Unitronix and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unitronix and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Unitronix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unitronix 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 Unitronix - 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 Unitronix to buy it.

Moving together with Unitronix Pink Sheet

0.68

CNTRF

Centr Brands Corp

Pair Corr

Moving against Unitronix Pink Sheet

0.88	WEGZY	WEG SA ADR	Pair Corr
0.88	DVNHF	Frontier Services	Pair Corr
0.85	MATX	Matson Inc	Pair Corr
0.76	MFA	MFA Financial	Pair Corr
0.72	GVA	Granite Construction	Pair Corr
0.71	SITM	Sitime	Pair Corr
0.71	SOHOO	Sotherly Hotels Pref	Pair Corr
0.69	LAR	Lithium Argentina Symbol Change	Pair Corr
0.68	NTR	Nutrien	Pair Corr
0.64	NKRKY	Nokian Tyres Plc	Pair Corr
0.58	NXTC	NextCure	Pair Corr
0.48	ZHCLF	Zenith Capital Corp	Pair Corr
0.44	SDHC	Smith Douglas Homes	Pair Corr
0.36	DTSQU	DT Cloud Star	Pair Corr
0.89	PILBF	Pilbara Minerals	Pair Corr
0.88	BIIB	Biogen Inc	Pair Corr
0.88	CHRW	CH Robinson Worldwide Earnings Call This Week	Pair Corr
0.87	GM	General Motors Earnings Call This Week	Pair Corr
0.84	PITAF	Poste Italiane SpA	Pair Corr
0.81	VLY	Valley National Bancorp Earnings Call Today	Pair Corr
0.8	ROL	Rollins	Pair Corr
0.79	FSBW	FS Bancorp Earnings Call Today	Pair Corr
0.79	SMEGF	Siemens Energy AG	Pair Corr
0.78	RIOFF	Rio2 Limited	Pair Corr
0.75	HL	Hecla Mining Aggressive Push	Pair Corr
0.74	MH	McGraw Hill	Pair Corr
0.72	EDVMF	Endeavour Mining Corp	Pair Corr
0.7	BNPQY	BNP Paribas SA	Pair Corr
0.64	FOSL	Fossil Group	Pair Corr

Related Correlations Analysis

	NFTFF	SEAV	GTCH	DTMXF	PGFY	XELA	VISM	DCSX	TRSO	DRCR
NFTFF		0.0	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	NFTFF
SEAV	0.0		-0.14	0.0	0.0	-0.32	-0.18	0.08	-0.09	0.0	SEAV
GTCH	0.0	-0.14		0.02	0.0	0.0	-0.06	-0.1	0.11	-0.11	GTCH
DTMXF	0.0	0.0	0.02		0.0	0.02	-0.64	0.25	-0.41	0.62	DTMXF
PGFY	-1.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PGFY
XELA	0.0	-0.32	0.0	0.02	0.0		-0.01	0.23	0.08	0.06	XELA
VISM	0.0	-0.18	-0.06	-0.64	0.0	-0.01		-0.26	0.25	-0.53	VISM
DCSX	0.0	0.08	-0.1	0.25	0.0	0.23	-0.26		-0.42	0.25	DCSX
TRSO	0.0	-0.09	0.11	-0.41	0.0	0.08	0.25	-0.42		-0.41	TRSO
DRCR	0.0	0.0	-0.11	0.62	0.0	0.06	-0.53	0.25	-0.41		DRCR
	NFTFF	SEAV	GTCH	DTMXF	PGFY	XELA	VISM	DCSX	TRSO	DRCR

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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

DRCR	+ 0.62	DTMXF
DCSX	+ 0.25	DTMXF
TRSO	+ 0.25	VISM
DRCR	+ 0.25	DCSX
DCSX	+ 0.23	XELA
TRSO	+ 0.11	GTCH

High negative correlations

PGFY	- 1.0	NFTFF
VISM	- 0.64	DTMXF
DRCR	- 0.53	VISM
TRSO	- 0.42	DCSX
DRCR	- 0.41	TRSO
TRSO	- 0.41	DTMXF

Risk-Adjusted Indicators

There is a big difference between Unitronix Pink Sheet performing well and Unitronix 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 Unitronix'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
NFTFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAV	6.39	2.47	0.00	(0.50)	0.00	0.00	6.67	(6.25)	93.33
GTCH	35.51	10.50	0.19	(0.95)	24.80	(100.00)	100.00	(50.00)	150.00
DTMXF	6.25	0.44	0.03	(1.39)	6.87	(14.17)	14.00	(12.75)	74.48
PGFY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XELA	433.13	250.14	3.55	3.81	61.35	(730.28)	1,950	(94.44)	3,997
VISM	8.29	0.67	0.05	(0.90)	9.03	(10.40)	20.37	(15.38)	53.50
DCSX	0.30	0.08	0.00	1.18	0.00	0.00	1.33	0.00	8.52
TRSO	22.60	5.87	0.14	(1.91)	19.09	(67.81)	66.67	(40.00)	371.56
DRCR	6.29	(0.43)	0.00	(0.18)	0.00	0.00	20.63	(16.79)	74.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Unitronix 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.

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Unitronix Corporate Executives

Elected by the shareholders, the Unitronix's board of directors comprises two types of representatives: Unitronix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Unitronix. The board's role is to monitor Unitronix's management team and ensure that shareholders' interests are well served. Unitronix'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, Unitronix's outside directors are responsible for providing unbiased perspectives on the board's policies.

William Wimer

CFO, VP of Operations, and Assistant Treasurer

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