Ucloudlink Correlations

UCL Stock

USD 1.20 0.03 2.56%

The current 90-days correlation between Ucloudlink Group and Merck Company is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ucloudlink moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ucloudlink Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ucloudlink Correlation With Market

Significant diversification

The correlation between Ucloudlink Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ucloudlink Group 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 Ucloudlink Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Ucloudlink Stock

0.61	TC	TuanChe ADR	Pair Corr
0.68	EVER	EverQuote Class A	Pair Corr

Moving against Ucloudlink Stock

0.65	VEON	VEON	Pair Corr
0.61	LUMN	Lumen Technologies	Pair Corr
0.6	TMUS	T Mobile Fiscal Year End 23rd of January 2025	Pair Corr
0.51	T	ATT Inc Aggressive Push	Pair Corr
0.45	CURIW	CuriosityStream	Pair Corr
0.35	TV	Grupo Televisa SAB	Pair Corr
0.34	EA	Electronic Arts	Pair Corr
0.6	BOC	Boston Omaha Corp	Pair Corr
0.6	DJT	Trump Media Technology Symbol Change	Pair Corr
0.44	CNK	Cinemark Holdings	Pair Corr
0.43	FOXA	Fox Corp Class	Pair Corr
0.43	DDI	Doubledown Interactive	Pair Corr
0.33	CHR	Cheer Holding	Pair Corr

Related Correlations Analysis

	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX
MRK		-0.58	-0.95	-0.84	0.9	0.84	-0.86	-0.13	0.06	MRK
PHVS	-0.58		0.62	0.53	-0.56	-0.52	0.61	-0.23	-0.19	PHVS
EAT	-0.95	0.62		0.87	-0.92	-0.87	0.87	0.0	-0.01	EAT
AA	-0.84	0.53	0.87		-0.66	-0.58	0.94	-0.05	0.34	AA
EURL	0.9	-0.56	-0.92	-0.66		0.91	-0.72	-0.07	0.23	EURL
COLL	0.84	-0.52	-0.87	-0.58	0.91		-0.61	-0.11	0.32	COLL
OWL	-0.86	0.61	0.87	0.94	-0.72	-0.61		0.02	0.28	OWL
AMMX	-0.13	-0.23	0.0	-0.05	-0.07	-0.11	0.02		-0.02	AMMX
FQIFX	0.06	-0.19	-0.01	0.34	0.23	0.32	0.28	-0.02		FQIFX
	MRK	PHVS	EAT	AA	EURL	COLL	OWL	AMMX	FQIFX

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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

OWL	+ 0.94	AA
COLL	+ 0.91	EURL
EURL	+ 0.9	MRK
AA	+ 0.87	EAT
OWL	+ 0.87	EAT
COLL	+ 0.84	MRK

High negative correlations

EAT	- 0.95	MRK
EURL	- 0.92	EAT
COLL	- 0.87	EAT
OWL	- 0.86	MRK
AA	- 0.84	MRK
OWL	- 0.72	EURL

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MRK	0.89	(0.23)	0.00	(0.76)	0.00	0.00	2.00	(2.13)	4.89
PHVS	2.94	0.25	0.09	0.29	2.99	(3.63)	7.76	(6.02)	21.41
EAT	1.87	0.79	0.46	0.75	1.25	(2.44)	5.04	(2.48)	11.91
AA	2.45	0.29	0.14	0.27	2.61	(2.76)	6.10	(5.76)	14.99
EURL	2.00	(0.56)	0.00	(0.38)	0.00	0.00	2.74	(5.13)	12.68
COLL	1.88	(0.41)	0.00	(0.22)	0.00	0.00	3.23	(4.47)	12.29
OWL	1.62	0.30	0.21	0.28	1.57	(1.86)	3.66	(2.80)	12.59
AMMX	3.48	(0.41)	0.00	0.41	0.00	0.00	5.71	(7.14)	58.33
FQIFX	0.31	0.00	(0.26)	0.24	0.38	(0.33)	0.67	(0.77)	1.81

Ucloudlink Corporate Management

Wen Gao	Chief Officer	Profile
Zhihui Gong	Chief Officer	Profile
Hui Xiao	Legal Manager	Profile
Jillian Zeng	Investor Contact	Profile
Yimeng Shi	CFO Officer	Profile
Zhigang Du	Chief Officer	Profile
Chaohui Chen	CEO Director	Profile

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