United States Correlations

Stocks . USA . 
Stock . United States Cellular
UZF Stock  USD 22.77  0.03  0.13%   
The current 90-days correlation between United States Cellular and United States Cellular is 0.78 (i.e., Poor 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

Average diversification

The correlation between United States Cellular and DJI is 0.19 (i.e., Average 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

  0.96UZD United States CellularPairCorr
  0.72TDS-PV Telephone and DataPairCorr
  0.72TDS-PU Telephone and DataPairCorr
  0.69KKPNY Koninklijke KPN NVPairCorr
  0.71LBRDP Liberty Broadband CorpPairCorr
  0.99UZE United States CellularPairCorr
  0.86SSNLF Samsung ElectronicsPairCorr

Moving against United Stock

  0.67FWONB Formula One GroupPairCorr
  0.63LICT LictPairCorr
  0.58TIAIY Telecom Italia SpAPairCorr
  0.52TLSNY Telia CompanyPairCorr
  0.45SBSAA Spanish Broadcasting Earnings Call This WeekPairCorr
  0.38WWRL World Wireless CommuPairCorr
  0.32BCOMF B CommunicationsPairCorr
  0.32MARK Remark HoldingsPairCorr
  0.84DTEGY Deutsche TelekomPairCorr
  0.82SALM Salem Media GroupPairCorr
  0.69BKRKY Bank RakyatPairCorr
  0.67PPERF Bank Mandiri PerseroPairCorr
  0.64BKRKF PT Bank RakyatPairCorr
  0.63TLK Telkom Indonesia TbkPairCorr
  0.59PPERY Bank Mandiri PerseroPairCorr
  0.54CVST Covista CommunicationsPairCorr
  0.53AWIN AERWINS TechnologiesPairCorr

Related Correlations Analysis

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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
+ 0.97
UZE
PFH
+ 0.93
KKRS
PFH
+ 0.74
OPINL
KKRS
+ 0.71
OPINL
PFH
+ 0.21
UZD
OPINL
+ 0.19
UZD
  
High negative correlations   
KKRS
- 0.18
UZE
KKRS
- 0.02
UZD

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.

United States Corporate Management

Deirdre DrakeChief Human Resource Officer, Executive Vice President DirectorProfile
Harry HarczakIndependent DirectorProfile
Gregory JosefowiczIndependent DirectorProfile
Leroy CarlsonChairman of the BoardProfile
Walter CarlsonDirectorProfile
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