Ubiquiti Networks Correlations

UI Stock

USD 346.49 6.02 1.71%

The current 90-days correlation between Ubiquiti Networks and Zebra Technologies is 0.18 (i.e., Average diversification). The correlation of Ubiquiti Networks 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.

Ubiquiti Networks Correlation With Market

Average diversification

The correlation between Ubiquiti Networks and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubiquiti Networks 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 Ubiquiti Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Ubiquiti Stock please use our How to Invest in Ubiquiti Networks guide.

Moving together with Ubiquiti Stock

0.7	KE	Kimball Electronics	Pair Corr
0.85	EBON	Ebang International Upward Rally	Pair Corr
0.89	EHGO	Eshallgo Class A	Pair Corr
0.9	FLEX	Flex	Pair Corr
0.82	GLW	Corning Incorporated	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.81	JBL	Jabil Circuit	Pair Corr
0.86	ZBRA	Zebra Technologies	Pair Corr
0.96	IDCC	InterDigital	Pair Corr
0.97	IONQ	IONQ Inc Upward Rally	Pair Corr
0.69	KULR	KULR Technology Group Buyout Trend	Pair Corr
0.71	KVHI	KVH Industries	Pair Corr
0.86	NTGR	NETGEAR	Pair Corr
0.64	OSIS	OSI Systems	Pair Corr
0.9	OUST	Ouster Inc	Pair Corr

Moving against Ubiquiti Stock

0.95	WBX	Wallbox NV	Pair Corr
0.87	CDW	CDW Corp	Pair Corr
0.84	VRME	VerifyMe	Pair Corr
0.83	IVAC	Intevac	Pair Corr
0.61	INVZW	Innoviz Technologies	Pair Corr
0.56	EVLV	Evolv Technologies Trending	Pair Corr
0.35	DM	Desktop Metal	Pair Corr
0.92	SHMD	SCHMID Group NV	Pair Corr
0.72	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.69	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.6	NTIP	Network 1 Technologies	Pair Corr
0.57	TRSG	Tungray Technologies	Pair Corr
0.55	CRCT	Cricut Inc	Pair Corr
0.34	OPTX	Syntec Optics Holdings	Pair Corr

Related Correlations Analysis

	CRDO	ZBRA	CIEN	CLFD	PI	MSI	LITE	DGII	CMTL
CRDO		0.87	0.87	-0.71	0.1	0.88	0.86	0.93	-0.32	CRDO
ZBRA	0.87		0.93	-0.6	0.34	0.86	0.9	0.81	-0.08	ZBRA
CIEN	0.87	0.93		-0.57	0.49	0.87	0.87	0.83	0.05	CIEN
CLFD	-0.71	-0.6	-0.57		0.29	-0.78	-0.81	-0.73	0.44	CLFD
PI	0.1	0.34	0.49	0.29		0.2	0.13	0.07	0.72	PI
MSI	0.88	0.86	0.87	-0.78	0.2		0.95	0.89	-0.23	MSI
LITE	0.86	0.9	0.87	-0.81	0.13	0.95		0.88	-0.24	LITE
DGII	0.93	0.81	0.83	-0.73	0.07	0.89	0.88		-0.3	DGII
CMTL	-0.32	-0.08	0.05	0.44	0.72	-0.23	-0.24	-0.3		CMTL
	CRDO	ZBRA	CIEN	CLFD	PI	MSI	LITE	DGII	CMTL

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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

LITE	+ 0.95	MSI
DGII	+ 0.93	CRDO
CIEN	+ 0.93	ZBRA
LITE	+ 0.9	ZBRA
DGII	+ 0.89	MSI
MSI	+ 0.88	CRDO

High negative correlations

LITE	- 0.81	CLFD
MSI	- 0.78	CLFD
DGII	- 0.73	CLFD
CLFD	- 0.71	CRDO
CLFD	- 0.6	ZBRA
CLFD	- 0.57	CIEN

Risk-Adjusted Indicators

There is a big difference between Ubiquiti Stock performing well and Ubiquiti Networks 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 Ubiquiti Networks' 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
CRDO	3.33	0.26	0.11	0.22	4.29	(3.77)	7.13	(8.52)	18.08
ZBRA	1.11	0.10	0.09	0.21	1.15	(1.24)	3.12	(1.98)	8.02
CIEN	1.75	0.11	0.09	0.19	1.80	(1.96)	4.01	(3.63)	12.09
CLFD	2.12	(0.42)	0.00	(0.15)	0.00	0.00	3.15	(4.79)	10.81
PI	2.15	0.11	0.04	0.21	3.55	(1.98)	4.05	(4.56)	23.52
MSI	0.81	0.14	0.10	0.38	0.62	(0.95)	1.71	(1.33)	9.87
LITE	2.50	0.35	0.22	0.25	2.34	(3.18)	5.71	(4.32)	18.19
DGII	1.54	0.01	0.07	0.13	1.61	(1.75)	3.54	(3.10)	12.64
CMTL	4.72	0.14	0.03	0.22	6.59	(5.23)	12.63	(8.43)	40.77

Ubiquiti Networks Corporate Management

Rafael Torres	Independent Director	Profile
Brandon Arrindell	Independent Director	Profile
Hartley JD	Executive Affairs	Profile
Hartley Nisenbaum	Executive Affairs	Profile
John Sanford	Chief Officer	Profile

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