Universal Security Correlations
| UUU Stock | USD 4.91 0.11 2.19% |
The current 90-days correlation between Universal Security and Haoxin Holdings Limited is 0.05 (i.e., Significant diversification). The correlation of Universal Security 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.
Universal Security Correlation With Market
Weak diversification
The correlation between Universal Security Instruments and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Security Instruments and DJI in the same portfolio, assuming nothing else is changed.
Universal | Build AI portfolio with Universal Stock |
Moving together with Universal Stock
Moving against Universal Stock
| 0.45 | 300259 | Suntront Tech | PairCorr |
| 0.43 | DSWL | Deswell Industries | PairCorr |
| 0.43 | 603556 | Hexing Electrical | PairCorr |
| 0.35 | 002134 | Tianjin Printronics | PairCorr |
| 0.65 | 300862 | Anhui Landun Photoel | PairCorr |
| 0.49 | 301045 | Talant Optronics | PairCorr |
| 0.47 | 001373 | Jiangsu Topfly New | PairCorr |
| 0.44 | 300626 | Huarui Electrical | PairCorr |
| 0.35 | 000925 | UniTTEC | PairCorr |
| 0.32 | BAERW | Bridger Aerospace | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Universal Stock performing well and Universal Security 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 Security'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HXHX | 11.57 | 1.50 | 0.17 | 0.35 | 9.25 | 13.33 | 301.13 | |||
| VRME | 3.80 | (0.60) | 0.00 | (0.12) | 0.00 | 8.91 | 40.72 | |||
| EHGO | 3.58 | (1.54) | 0.00 | 5.08 | 0.00 | 5.56 | 28.72 | |||
| YGMZ | 14.69 | (6.15) | 0.00 | 0.52 | 0.00 | 23.44 | 130.11 | |||
| MNTS | 7.46 | (1.53) | 0.00 | (0.24) | 0.00 | 15.70 | 64.45 | |||
| JYD | 4.47 | (1.13) | 0.00 | (0.77) | 0.00 | 10.87 | 28.46 | |||
| NCEW | 4.56 | 0.61 | 0.07 | (0.31) | 5.50 | 12.00 | 37.91 | |||
| TLIH | 4.87 | (0.40) | 0.00 | (0.32) | 0.00 | 11.63 | 45.15 | |||
| AIRI | 1.79 | 0.05 | 0.04 | 0.11 | 1.73 | 3.53 | 8.82 | |||
| MWG | 3.01 | 0.44 | 0.07 | (0.58) | 2.62 | 7.41 | 15.41 |
Universal Security Corporate Executives
Elected by the shareholders, the Universal Security's board of directors comprises two types of representatives: Universal Security 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 Security's management team and ensure that shareholders' interests are well served. Universal Security'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 Security's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Huff | Chief Financial Officer, Treasurer, Secretary | Profile |