Universal Display Correlations
| UVD Stock | EUR 102.60 1.60 1.54% |
The current 90-days correlation between Universal Display and ASML HOLDING NY is 0.15 (i.e., Average diversification). The correlation of Universal Display 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 Display Correlation With Market
Significant diversification
The correlation between Universal Display and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Display and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Universal Display 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 Display 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 Display - 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 Display to buy it.
Moving against Universal Stock
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| 0.71 | VOW3 | Volkswagen AG | PairCorr |
| 0.7 | VOWB | VOLKSWAGEN AG VZ | PairCorr |
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| 0.43 | WMT | Walmart | PairCorr |
| 0.38 | AP2 | Applied Materials | PairCorr |
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| 0.82 | LTR | Loews Corp | PairCorr |
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| 0.58 | BOX | Becton Dickinson | PairCorr |
| 0.58 | 1KG | Kainos Group plc | PairCorr |
| 0.57 | MMPI | CHAMPION IRON | PairCorr |
| 0.53 | CFSL | Coca Cola FEMSA | PairCorr |
| 0.48 | HKT | HK Electric Investments | PairCorr |
| 0.45 | KGHA | KGHM Polska Miedz | PairCorr |
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Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Universal Stock performing well and Universal Display 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 Display'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASMF | 1.89 | 0.50 | 0.22 | 1.17 | 1.67 | 5.99 | 10.59 | |||
| ASME | 1.62 | 0.55 | 0.24 | 3.74 | 1.30 | 5.84 | 10.93 | |||
| TKY | 2.50 | 0.54 | 0.17 | 1.84 | 2.55 | 5.38 | 15.76 | |||
| KLA | 2.03 | 0.64 | 0.26 | 0.63 | 1.92 | 4.94 | 11.01 | |||
| AVS | 2.12 | 0.35 | 0.13 | 0.61 | 2.17 | 5.85 | 13.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Universal Display 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 Display Corporate Management
Elected by the shareholders, the Universal Display's board of directors comprises two types of representatives: Universal Display 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 Display's management team and ensure that shareholders' interests are well served. Universal Display'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 Display's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sherwin Seligsohn | Founder Chairman | Profile | |
| Steven Abramson | CEO Pres | Profile | |
| Janice Mahon | VP Bus | Profile | |
| Sidney Rosenblatt | Treasurer, VP | Profile | |
| Mauro Premutico | VP Licensing | Profile | |
| Julia Brown | Ex Officer | Profile | |
| Darice Liu | Director Communications | Profile |