U-Haul Holding Correlations

Stocks . USA . 
Stock . U Haul Holding
UHAL-B Stock   57.60  0.44  0.76%   
The current 90-days correlation between U Haul Holding and United Microelectronics is 0.05 (i.e., Significant diversification). The correlation of U-Haul Holding 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.

U-Haul Holding Correlation With Market

Weak diversification

The correlation between U Haul Holding and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U Haul Holding 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 U Haul Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade U-Haul Stock refer to our How to Trade U-Haul Stock guide.

Moving together with U-Haul Stock

  0.9R Ryder SystemPairCorr
  0.71VSTS VestisPairCorr
  0.91CAR Avis Budget Group Buyout TrendPairCorr
  0.77HRI Herc HoldingsPairCorr
  0.68PRG PROG HoldingsPairCorr
  0.77URI United RentalsPairCorr
  0.78WSC Willscot Mobile MiniPairCorr
  0.77ALTG Alta Equipment GroupPairCorr
  0.94UHAL U Haul HoldingPairCorr
  0.74J Jacobs SolutionsPairCorr
  0.62BV BrightView HoldingsPairCorr

Moving against U-Haul Stock

  0.62GSL Global Ship LeasePairCorr
  0.42FTAIN Fortress TransportationPairCorr
  0.33FTAIM FTAI AviationPairCorr
  0.32AER AerCap Holdings NVPairCorr
  0.32MWG Multi Ways HoldingsPairCorr
  0.53TRTN-PB Triton InternationalPairCorr
  0.5TRTN-PA Triton InternationalPairCorr
  0.31EH Ehang HoldingsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
UNVGY
+ 0.7
NTES
APGE
+ 0.7
MMTRS
MMTRS
+ 0.34
ELTK
UNVGY
+ 0.1
UMC
APGE
+ 0.08
UMC
VCTY
+ 0.0
NTES
  
High negative correlations   
UNVGY
- 0.8
MMTRS
APGE
- 0.69
NTES
APGE
- 0.68
UNVGY
MMTRS
- 0.65
NTES
ELTK
- 0.44
UMC
UMC
- 0.36
NTES

Risk-Adjusted Indicators

There is a big difference between U-Haul Stock performing well and U-Haul Holding 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 U-Haul Holding'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY