Universal Correlations

UVV Stock

USD 56.59 0.79 1.42%

The current 90-days correlation between Universal and Afya is 0.04 (i.e., Significant 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

Poor diversification

The correlation between Universal and DJI is 0.63 (i.e., Poor 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 inflation.

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

Moving together with Universal Stock

0.87	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.9	TPB	Turning Point Brands	Pair Corr
0.74	BMT	British American Tobacco	Pair Corr
0.68	8ZI	Scandinavian Tobacco	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.67	WF	Woori Financial Group	Pair Corr
0.75	SVNLF	Svenska Handelsbanken Earnings Call This Week	Pair Corr
0.61	ARTNA	Artesian Resources	Pair Corr
0.79	STX	Seagate Technology PLC Tech Boost	Pair Corr
0.74	BDRFF	Beiersdorf Aktiengesellscha	Pair Corr
0.78	CBKM	Consumers Bancorp	Pair Corr
0.72	GMTLF	Guardian Metal Resources	Pair Corr
0.65	BCTCF	BC Technology Group	Pair Corr
0.73	GPAEF	Grupo Aeroportuario del	Pair Corr
0.73	LUCRF	Lucara Diamond Corp	Pair Corr
0.7	EVR	Evercore Partners Earnings Call This Week	Pair Corr
0.81	RS	Reliance Steel Aluminum	Pair Corr
0.66	EGPLF	Eagle Plains Resources	Pair Corr

Moving against Universal Stock

0.79	PBCRY	Bank Central Asia	Pair Corr
0.7	XXII	22nd Century Group	Pair Corr
0.47	PBCRF	PT Bank Central	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.6	GETR	Getaround	Pair Corr

Related Correlations Analysis

	AFYA	PXED	DOLE	SPB	DAO	TPB	IMKTA	COUR	NWL	VITL
AFYA		-0.11	0.33	0.27	-0.11	0.07	0.14	-0.09	0.05	-0.23	AFYA
PXED	-0.11		-0.35	-0.25	-0.04	-0.5	-0.12	0.44	0.25	0.48	PXED
DOLE	0.33	-0.35		0.78	-0.17	0.79	-0.02	-0.61	0.28	-0.53	DOLE
SPB	0.27	-0.25	0.78		0.31	0.79	-0.27	-0.79	0.57	-0.64	SPB
DAO	-0.11	-0.04	-0.17	0.31		0.3	-0.38	-0.49	0.47	-0.41	DAO
TPB	0.07	-0.5	0.79	0.79	0.3		-0.19	-0.9	0.33	-0.72	TPB
IMKTA	0.14	-0.12	-0.02	-0.27	-0.38	-0.19		0.29	-0.38	0.02	IMKTA
COUR	-0.09	0.44	-0.61	-0.79	-0.49	-0.9	0.29		-0.41	0.79	COUR
NWL	0.05	0.25	0.28	0.57	0.47	0.33	-0.38	-0.41		-0.33	NWL
VITL	-0.23	0.48	-0.53	-0.64	-0.41	-0.72	0.02	0.79	-0.33		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

TPB	+ 0.79	DOLE
TPB	+ 0.79	SPB
VITL	+ 0.79	COUR
SPB	+ 0.78	DOLE
NWL	+ 0.57	SPB
VITL	+ 0.48	PXED

High negative correlations

COUR	- 0.9	TPB
COUR	- 0.79	SPB
VITL	- 0.72	TPB
VITL	- 0.64	SPB
COUR	- 0.61	DOLE
VITL	- 0.53	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	1.17	0.02	0.01	0.07	1.67	(1.16)	2.30	(2.99)	6.95
PXED	3.14	(0.25)	0.00	(0.15)	0.00	0.00	6.27	(6.69)	19.88
DOLE	0.99	0.33	0.20	3.29	1.16	(1.16)	2.35	(2.32)	8.95
SPB	1.67	0.21	0.10	0.39	1.75	(1.86)	3.51	(2.88)	13.62
DAO	3.05	(0.07)	0.00	(0.05)	0.00	0.00	6.96	(5.06)	16.06
TPB	1.46	0.48	0.27	2.76	1.29	(1.75)	4.03	(2.53)	10.86
IMKTA	1.21	0.05	0.02	0.17	1.40	(1.32)	2.74	(2.41)	7.85
COUR	1.77	(0.63)	0.00	(0.74)	0.00	0.00	2.66	(4.25)	14.34
NWL	2.29	(0.19)	0.00	(0.13)	0.00	0.00	4.38	(3.67)	28.08
VITL	2.48	(0.34)	0.00	(1.36)	0.00	0.00	3.50	(5.75)	22.88

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