UWM Holdings Correlations

UWMC Stock

USD 6.15 0.13 2.16%

The current 90-days correlation between UWM Holdings Corp and Mr Cooper Group is 0.44 (i.e., Very weak diversification). The correlation of UWM Holdings 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.

UWM Holdings Correlation With Market

Modest diversification

The correlation between UWM Holdings Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UWM Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UWM Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with UWM Stock

0.66	PT	Pintec Technology	Pair Corr
0.85	RC	Ready Capital Corp	Pair Corr
0.79	RM	Regional Management Corp	Pair Corr
0.81	WU	Western Union	Pair Corr
0.8	XP	Xp Inc	Pair Corr
0.73	BRACU	Broad Capital Acquisition	Pair Corr

Moving against UWM Stock

0.94	CG	Carlyle Group	Pair Corr
0.94	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.93	QD	Qudian Inc	Pair Corr
0.92	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.89	BX	Blackstone Group Normal Trading	Pair Corr
0.89	MA	Mastercard	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.87	LX	Lexinfintech Holdings	Pair Corr
0.86	DIST	Distoken Acquisition	Pair Corr
0.86	AC	Associated Capital	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.83	AB	AllianceBernstein	Pair Corr
0.83	TW	Tradeweb Markets Normal Trading	Pair Corr
0.82	PX	P10 Inc	Pair Corr
0.8	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.63	MC	Moelis	Pair Corr
0.48	DB	Deutsche Bank AG	Pair Corr
0.47	DHIL	Diamond Hill Investment	Pair Corr
0.9	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.88	DYCQ	DT Cloud Acquisition	Pair Corr
0.79	VRTS	Virtus Investment	Pair Corr
0.75	WT	WisdomTree	Pair Corr
0.69	VIRT	Virtu Financial Normal Trading	Pair Corr
0.65	DUET	DUET Acquisition Corp	Pair Corr
0.59	GCMGW	GCM Grosvenor	Pair Corr
0.45	TETEU	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	LDI	COOP	PFSI	WD	GHLD	RKT	HMPT	OCN	ECPG	GHI
LDI		0.11	0.42	-0.22	0.54	0.52	-0.31	-0.48	0.69	0.09	LDI
COOP	0.11		0.03	0.17	-0.41	-0.44	0.38	0.42	0.47	-0.51	COOP
PFSI	0.42	0.03		0.22	0.66	0.57	-0.04	-0.58	-0.02	0.45	PFSI
WD	-0.22	0.17	0.22		-0.1	-0.08	0.71	-0.08	-0.26	0.08	WD
GHLD	0.54	-0.41	0.66	-0.1		0.89	-0.46	-0.67	-0.04	0.73	GHLD
RKT	0.52	-0.44	0.57	-0.08	0.89		-0.55	-0.69	0.05	0.8	RKT
HMPT	-0.31	0.38	-0.04	0.71	-0.46	-0.55		0.26	-0.24	-0.35	HMPT
OCN	-0.48	0.42	-0.58	-0.08	-0.67	-0.69	0.26		0.09	-0.56	OCN
ECPG	0.69	0.47	-0.02	-0.26	-0.04	0.05	-0.24	0.09		-0.32	ECPG
GHI	0.09	-0.51	0.45	0.08	0.73	0.8	-0.35	-0.56	-0.32		GHI
	LDI	COOP	PFSI	WD	GHLD	RKT	HMPT	OCN	ECPG	GHI

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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

RKT	+ 0.89	GHLD
GHI	+ 0.8	RKT
GHI	+ 0.73	GHLD
HMPT	+ 0.71	WD
ECPG	+ 0.69	LDI
GHLD	+ 0.66	PFSI

High negative correlations

OCN	- 0.69	RKT
OCN	- 0.67	GHLD
OCN	- 0.58	PFSI
GHI	- 0.56	OCN
HMPT	- 0.55	RKT
GHI	- 0.51	COOP

Risk-Adjusted Indicators

There is a big difference between UWM Stock performing well and UWM Holdings 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 UWM Holdings' 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
LDI	3.80	(0.58)	0.00	(0.05)	0.00	0.00	9.22	(6.50)	26.03
COOP	1.33	0.00	0.02	0.12	1.48	(1.47)	2.86	(2.70)	9.12
PFSI	1.24	0.03	(0.01)	0.16	1.47	(1.31)	2.61	(2.17)	7.68
WD	1.26	(0.03)	(0.02)	0.10	1.26	(1.45)	3.46	(2.32)	7.38
GHLD	1.67	(0.27)	0.00	1.10	0.00	0.00	3.57	(3.77)	11.75
RKT	1.96	(0.54)	0.00	(2.75)	0.00	0.00	3.65	(4.14)	14.75
HMPT	1.32	0.30	0.10	1.69	1.31	(2.40)	4.55	(2.60)	19.28
OCN	1.90	0.37	0.06	(0.31)	2.40	(2.05)	4.38	(3.44)	20.86
ECPG	1.37	(0.15)	(0.07)	0.01	1.53	(1.58)	3.27	(2.42)	9.26
GHI	1.36	(0.11)	0.00	6.48	0.00	0.00	3.13	(2.81)	11.65

UWM Holdings Corporate Management

Allen Beydoun	Executive Sales	Profile
Jeffrey Ishbia	Director	Profile
Jason Bressler	Chief Officer	Profile
Laura Lawson	Executive Vice President Chief People Officer, Director	Profile
Alex Elezaj	Executive Vice President Chief Strategy Officer, Director	Profile
Isiah Thomas	Independent Director	Profile
Jeff Midbo	Senior Officer	Profile

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