UNIPHAR PLC Correlations

Stocks . Germany . 
Stock . UNIPHAR PLC EO
0NR Stock  EUR 1.96  0.05  2.49%   
The current 90-days correlation between UNIPHAR PLC EO and PennyMac Mortgage Investment is 0.2 (i.e., Modest diversification). The correlation of UNIPHAR PLC 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.

UNIPHAR PLC Correlation With Market

Significant diversification

The correlation between UNIPHAR PLC EO and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNIPHAR PLC EO and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UNIPHAR PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNIPHAR PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UNIPHAR PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UNIPHAR PLC EO to buy it.

Moving together with UNIPHAR Stock

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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   
55O1
+ 0.94
NRM
NRM
+ 0.88
ZFI1
0UI
+ 0.88
55O1
8N4
+ 0.85
0UI
55O1
+ 0.84
ZFI1
0UI
+ 0.83
NRM
  
High negative correlations   
8N4
- 0.36
WSV2
0UI
- 0.13
WSV2
NRM
- 0.06
WSV2
RNT
- 0.05
WSV2
55O1
- 0.04
WSV2

Risk-Adjusted Indicators

There is a big difference between UNIPHAR Stock performing well and UNIPHAR PLC 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 UNIPHAR PLC'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in UNIPHAR PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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UNIPHAR PLC Corporate Management

Elected by the shareholders, the UNIPHAR PLC's board of directors comprises two types of representatives: UNIPHAR PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UNIPHAR. The board's role is to monitor UNIPHAR PLC's management team and ensure that shareholders' interests are well served. UNIPHAR PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, UNIPHAR PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Padraic DempseyChief Compliance Officer, Executive DirectorProfile
Liz HoctorNon-Executive DirectorProfile
Paul HoganNon-Executive Independent DirectorProfile
John HollyNon-Executive DirectorProfile
Jim GaulNon-Executive DirectorProfile
Heather McSharrySenior Non-Executive Independent DirectorProfile
Sue WebbNon-Executive Independent DirectorProfile
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