Universal Correlations

UVV Stock

USD 54.26 1.13 2.13%

The current 90-days correlation between Universal and Afya is 0.16 (i.e., Average diversification). The correlation of Universal 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 Correlation With Market

Significant diversification

The correlation between Universal and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For more information on how to buy Universal Stock please use our How to Invest in Universal guide.

Moving against Universal Stock

0.5	LUMN	Lumen Technologies	Pair Corr
0.4	ZTLLF	Zonetail	Pair Corr
0.37	IDAI	Trust Stamp Downward Rally	Pair Corr

Related Correlations Analysis

	AFYA	PXED	DOLE	SPB	DAO	TPB	IMKTA	COUR	NWL	VITL
AFYA		-0.09	0.26	0.24	0.04	0.08	0.15	0.1	0.31	0.01	AFYA
PXED	-0.09		-0.47	-0.33	0.46	-0.63	-0.08	0.6	0.67	0.56	PXED
DOLE	0.26	-0.47		0.83	-0.7	0.85	-0.02	-0.65	-0.37	-0.58	DOLE
SPB	0.24	-0.33	0.83		-0.5	0.76	-0.15	-0.73	-0.31	-0.67	SPB
DAO	0.04	0.46	-0.7	-0.5		-0.54	-0.27	0.45	0.48	0.41	DAO
TPB	0.08	-0.63	0.85	0.76	-0.54		-0.13	-0.83	-0.63	-0.72	TPB
IMKTA	0.15	-0.08	-0.02	-0.15	-0.27	-0.13		0.18	-0.16	-0.05	IMKTA
COUR	0.1	0.6	-0.65	-0.73	0.45	-0.83	0.18		0.74	0.86	COUR
NWL	0.31	0.67	-0.37	-0.31	0.48	-0.63	-0.16	0.74		0.74	NWL
VITL	0.01	0.56	-0.58	-0.67	0.41	-0.72	-0.05	0.86	0.74		VITL
	AFYA	PXED	DOLE	SPB	DAO	TPB	IMKTA	COUR	NWL	VITL

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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

VITL	+ 0.86	COUR
TPB	+ 0.85	DOLE
SPB	+ 0.83	DOLE
TPB	+ 0.76	SPB
NWL	+ 0.74	COUR
VITL	+ 0.74	NWL

High negative correlations

COUR	- 0.83	TPB
COUR	- 0.73	SPB
VITL	- 0.72	TPB
DAO	- 0.7	DOLE
VITL	- 0.67	SPB
COUR	- 0.65	DOLE

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal 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'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
AFYA	1.13	(0.12)	0.00	(0.10)	0.00	0.00	1.92	(2.99)	6.95
PXED	2.88	(0.26)	0.00	(0.15)	0.00	0.00	5.33	(6.35)	15.75
DOLE	0.99	0.08	0.01	0.71	1.22	(1.15)	2.28	(2.32)	8.95
SPB	1.60	0.21	0.08	4.11	1.69	(1.78)	3.51	(2.88)	12.60
DAO	2.83	0.23	0.08	0.27	2.94	(3.24)	7.14	(5.06)	15.88
TPB	1.51	0.27	0.08	(0.84)	1.93	(1.56)	3.88	(3.43)	10.86
IMKTA	1.22	(0.06)	0.00	0.87	0.00	0.00	2.89	(2.41)	7.85
COUR	1.93	(0.54)	0.00	(0.72)	0.00	0.00	2.68	(4.25)	18.76
NWL	2.24	(0.34)	0.00	(0.18)	0.00	0.00	4.38	(3.67)	30.60
VITL	2.44	(0.41)	0.00	0.76	0.00	0.00	3.50	(5.35)	22.88

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