Urban One Correlations

Stocks . Germany . 
Stock . Urban One
UA1 Stock  EUR 1.24  0.03  2.48%   
The current 90-days correlation between Urban One and REGAL HOTEL INTL is 0.08 (i.e., Significant diversification). The correlation of Urban One 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.

Urban One Correlation With Market

Good diversification

The correlation between Urban One and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban One and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Urban One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Urban One 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 Urban One - 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 Urban One to buy it.

Moving together with Urban Stock

  0.712T8 Townsquare MediaPairCorr
  0.69LYV Lundin Energy ABPairCorr

Moving against Urban Stock

  0.774HM Vicat SAPairCorr
  0.73WPHB Warehouses De PauwPairCorr
  0.71IBE1 Iberdrola SAPairCorr
  0.69013A JD Inc AdrPairCorr
  0.68BRYN Berkshire HathawayPairCorr
  0.67IHCB SBM OFFSHOREPairCorr
  0.65DHL Deutsche Post AGPairCorr
  0.64B5R Berkeley EnergiaPairCorr
  0.64AXD2 Heron TherapeuticsPairCorr
  0.63NTOA NintendoPairCorr
  0.61ELPA Companhia ParanaensePairCorr
  0.598ZI Scandinavian TobaccoPairCorr
  0.52EOAN EON SEPairCorr
  0.51HBC2 HSBC Holdings plcPairCorr
  0.34ALV Allianz SEPairCorr
  0.84DB1 Deutsche Brse AGPairCorr
  0.83AIL LAir Liquide SAPairCorr
  0.81VOW3 Volkswagen AG VZOPairCorr
  0.74E3E ELEMENTISPairCorr
  0.72RHM Rheinmetall AGPairCorr
  0.71JEM0 JERONIMO MARTINS UNADR2PairCorr
  0.71C6T China Construction Bank Earnings Call This WeekPairCorr
  0.680KE Kernel Holding SAPairCorr
  0.67P4N Polytec Holding AGPairCorr
  0.67AKK AZKOYENPairCorr
  0.677AA APERAM REGPairCorr

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   
MEL
+ 0.61
2WY
2WY
+ 0.49
RH6B
MEL
+ 0.39
RH6B
FV8
+ 0.33
MBR
FV8
+ 0.23
NY7
2WY
+ 0.17
FV8
  
High negative correlations   
RH6B
- 0.67
NY7
FV8
- 0.36
RH6B
MBR
- 0.3
RH6B
2WY
- 0.29
NY7
MEL
- 0.19
NY7
MEL
- 0.05
MBR

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban One 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 Urban One'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 Urban One 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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Urban One Corporate Management

Elected by the shareholders, the Urban One's board of directors comprises two types of representatives: Urban One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Urban. The board's role is to monitor Urban One's management team and ensure that shareholders' interests are well served. Urban One'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, Urban One's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amy VokesVP InsightsProfile
Joseph IsaksenVP FinProfile
Alfred IIIPresident, CEOProfile
Kristopher SimpsonSr CounselProfile
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