UGI Correlations

UGI Stock

USD 33.61 0.46 1.39%

The current 90-days correlation between UGI Corporation and NewJersey Resources is 0.64 (i.e., Poor diversification). The correlation of UGI 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.

UGI Correlation With Market

Very weak diversification

The correlation between UGI Corp. and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UGI Corp. 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 UGI Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with UGI Stock

0.92	NI	NiSource	Pair Corr
0.96	SR	Spire Inc	Pair Corr
0.92	ATO	Atmos Energy	Pair Corr
0.72	CPK	Chesapeake Utilities	Pair Corr
0.82	NWN	Northwest Natural Gas	Pair Corr
0.87	OGS	One Gas	Pair Corr
0.89	SPH	Suburban Propane Partners	Pair Corr
0.85	SWX	Southwest Gas Holdings	Pair Corr
0.69	SR-PA	Spire Inc	Pair Corr
0.77	D	Dominion Energy	Pair Corr
0.84	ED	Consolidated Edison	Pair Corr
0.82	ES	Eversource Energy	Pair Corr
0.87	SO	Southern	Pair Corr
0.85	DUKB	Duke Energy Corp	Pair Corr
0.86	CDZIP	Cadiz Depositary Shares Earnings Call This Week	Pair Corr
0.9	ELPC	Companhia Paranaense	Pair Corr
0.93	ENIC	Enel Chile SA	Pair Corr
0.96	EVRG	Evergy,	Pair Corr
0.97	AEE	Ameren Corp Sell-off Trend	Pair Corr
0.97	AEP	American Electric Power	Pair Corr

Moving against UGI Stock

0.74	OPAL	OPAL Fuels	Pair Corr
0.65	NFE	New Fortress Energy	Pair Corr
0.54	CMS-PC	CMS Energy	Pair Corr
0.43	CTRI	Centuri Holdings,	Pair Corr
0.96	VSTE	Vast Renewables	Pair Corr
0.93	FLNC	Fluence Energy	Pair Corr
0.83	WAVE	Eco Wave Power	Pair Corr
0.72	RNWWW	ReNew Energy Global	Pair Corr
0.62	AES	AES Aggressive Push	Pair Corr
0.39	ADN	Advent Technologies	Pair Corr

Related Correlations Analysis

	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI
NJR		0.7	0.79	0.7	0.72	0.74	0.0	0.0	0.49	NJR
ATO	0.7		0.82	0.96	0.91	0.97	0.0	0.0	0.9	ATO
CPK	0.79	0.82		0.82	0.93	0.86	0.0	0.0	0.7	CPK
SR	0.7	0.96	0.82		0.9	0.92	0.0	0.0	0.91	SR
NWN	0.72	0.91	0.93	0.9		0.89	0.0	0.0	0.83	NWN
OGS	0.74	0.97	0.86	0.92	0.89		0.0	0.0	0.86	OGS
NIMC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NIMC
UGIC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	UGIC
NI	0.49	0.9	0.7	0.91	0.83	0.86	0.0	0.0		NI
	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI

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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

OGS	+ 0.97	ATO
SR	+ 0.96	ATO
NWN	+ 0.93	CPK
OGS	+ 0.92	SR
NWN	+ 0.91	ATO
NI	+ 0.91	SR

High negative correlations

NI	- 0.0	UGIC
NI	- 0.0	NIMC
UGIC	- 0.0	NIMC
UGIC	- 0.0	OGS
NIMC	- 0.0	OGS
UGIC	- 0.0	NWN

Risk-Adjusted Indicators

There is a big difference between UGI Stock performing well and UGI 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 UGI'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
NJR	0.96	0.08	0.08	0.14	1.44	(0.92)	2.02	(2.45)	5.41
ATO	0.93	0.14	0.15	0.34	1.08	(1.00)	1.96	(1.77)	5.33
CPK	0.99	0.03	0.04	(0.02)	1.44	(1.00)	2.41	(1.99)	6.12
SR	1.03	0.24	0.15	0.46	1.65	(1.02)	1.76	(2.62)	7.80
NWN	0.94	0.05	0.07	0.08	1.33	(0.95)	2.01	(2.20)	5.30
OGS	1.04	0.13	0.12	0.24	1.34	(1.12)	2.31	(1.71)	5.27
NIMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UGIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NI	0.92	0.09	0.12	(0.41)	1.31	(0.90)	2.06	(2.27)	6.69

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