United States Correlations

UZE Stock

USD 22.70 0.30 1.30%

The current 90-days correlation between United States Cellular and United States Cellular is -0.23 (i.e., Very good diversification). The correlation of United States 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.

United States Correlation With Market

Good diversification

The correlation between United States Cellular and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United States Cellular 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 United States Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with United Stock

0.69	AQNB	Algonquin Power Utilities	Pair Corr
0.91	AY	Atlantica Sustainable	Pair Corr
0.85	NI	NiSource	Pair Corr
0.7	VGAS	Verde Clean Fuels	Pair Corr
0.69	CDZIP	Cadiz Depositary Shares	Pair Corr
0.67	EVRG	Evergy,	Pair Corr
0.91	AEE	Ameren Corp	Pair Corr
0.89	ALE	Allete Inc	Pair Corr
0.91	ATO	Atmos Energy	Pair Corr
0.72	AWR	American States Water	Pair Corr

Moving against United Stock

0.93	VVPR	VivoPower International	Pair Corr
0.84	NOVA	Sunnova Energy Inter	Pair Corr
0.79	ELPC	Companhia Paranaense	Pair Corr
0.7	SVIIR	Spring Valley Acquisition	Pair Corr
0.7	HE	Hawaiian Electric	Pair Corr
0.64	ES	Eversource Energy	Pair Corr
0.6	RNWWW	ReNew Energy Global	Pair Corr
0.57	FE	FirstEnergy	Pair Corr
0.48	AEP	American Electric Power	Pair Corr
0.41	SOJD	Southern	Pair Corr
0.86	EBR	Centrais Electricas	Pair Corr
0.82	ELP	Companhia Paranaense	Pair Corr
0.76	CWT	California Water Service	Pair Corr
0.61	AQN	Algonquin Power Utilities	Pair Corr
0.54	AWK	American Water Works	Pair Corr
0.49	AVA	Avista	Pair Corr
0.49	GNE	Genie Energy	Pair Corr
0.47	CIG	Companhia Energetica	Pair Corr
0.4	AES	AES Sell-off Trend	Pair Corr

Related Correlations Analysis

	UZF	UZD	OPINL	SOJE	SREA
UZF		0.96	-0.02	-0.12	0.32	UZF
UZD	0.96		0.12	0.09	0.42	UZD
OPINL	-0.02	0.12		0.85	0.57	OPINL
SOJE	-0.12	0.09	0.85		0.6	SOJE
SREA	0.32	0.42	0.57	0.6		SREA
	UZF	UZD	OPINL	SOJE	SREA

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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

UZD	+ 0.96	UZF
SOJE	+ 0.85	OPINL
SREA	+ 0.6	SOJE
SREA	+ 0.57	OPINL
SREA	+ 0.42	UZD
SREA	+ 0.32	UZF

High negative correlations

SOJE	- 0.12	UZF
OPINL	- 0.02	UZF

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United States 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 United States' 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
UZF	0.43	0.12	0.08	1.03	0.17	(0.51)	1.30	(0.73)	2.60
UZD	0.37	0.07	(0.05)	0.87	0.35	(0.40)	1.02	(0.75)	2.68
OPINL	1.68	0.01	(0.01)	0.11	3.26	(1.75)	3.09	(3.15)	25.29
SOJE	0.53	(0.07)	0.00	(0.59)	0.00	0.00	0.98	(1.44)	3.07
SREA	0.42	0.00	(0.15)	0.13	0.54	(0.46)	0.97	(0.80)	3.66

United States Corporate Management

Deirdre Drake	Chief Human Resource Officer, Executive Vice President Director	Profile
Harry Harczak	Independent Director	Profile
Gregory Josefowicz	Independent Director	Profile
Leroy Carlson	Chairman of the Board	Profile
Walter Carlson	Director	Profile

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