Universal Logistics Correlations

ULH Stock

USD 27.65 0.96 3.60%

The correlation of Universal Logistics 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.

Universal Logistics Correlation With Market

Very weak diversification

The correlation between Universal Logistics Holdings and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Logistics Holdings 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 Universal Logistics Holdings. 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.

Moving together with Universal Stock

0.76	VLRS	Volaris	Pair Corr
0.81	AAL	American Airlines	Pair Corr
0.63	DAL	Delta Air Lines	Pair Corr
0.93	RXO	RXO Inc	Pair Corr
0.61	UAL	United Airlines Holdings	Pair Corr
0.69	JBLU	JetBlue Airways Corp	Pair Corr
0.77	MESA	Mesa Air Group	Pair Corr
0.8	ALGT	Allegiant Travel	Pair Corr
0.76	SAIA	Saia Inc	Pair Corr
0.68	SKYW	SkyWest	Pair Corr
0.88	TFII	TFI International	Pair Corr
0.86	J	Jacobs Solutions	Pair Corr
0.94	BV	BrightView Holdings	Pair Corr
0.85	BW	Babcock Wilcox Enter	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.63	DY	Dycom Industries	Pair Corr

Moving against Universal Stock

0.89	LTM	LATAM Airlines Group	Pair Corr
0.81	G	Genpact Limited	Pair Corr
0.78	ATSG	Air Transport Services	Pair Corr
0.73	CPA	Copa Holdings SA	Pair Corr
0.56	RYAAY	Ryanair Holdings PLC	Pair Corr
0.42	FLYX	flyExclusive,	Pair Corr
0.91	EH	Ehang Holdings	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.64	DE	Deere Company	Pair Corr
0.58	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	PTSI	CVLG	MRTN	MSBI	CNXN
PTSI		0.0	0.0	0.0	0.0	PTSI
CVLG	0.0		0.49	0.67	0.41	CVLG
MRTN	0.0	0.49		0.79	0.87	MRTN
MSBI	0.0	0.67	0.79		0.62	MSBI
CNXN	0.0	0.41	0.87	0.62		CNXN
	PTSI	CVLG	MRTN	MSBI	CNXN

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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

CNXN	+ 0.87	MRTN
MSBI	+ 0.79	MRTN
MSBI	+ 0.67	CVLG
CNXN	+ 0.62	MSBI
MRTN	+ 0.49	CVLG
CNXN	+ 0.41	CVLG

High negative correlations

CNXN	- 0.0	PTSI
MSBI	- 0.0	PTSI
MRTN	- 0.0	PTSI
CVLG	- 0.0	PTSI

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Logistics 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 Universal Logistics' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PTSI	0.00	0.00	0.00	0.00	0.00	0.00
CVLG	2.31	(1.00)	(0.68)	2.56	(3.33)	52.43
MRTN	1.22	(0.23)	(0.37)	2.82	(2.64)	7.62
MSBI	1.54	(0.44)	(0.43)	2.13	(2.94)	24.50
CNXN	1.20	(0.16)	(0.22)	1.85	(2.55)	12.56

Universal Logistics Corporate Executives

Elected by the shareholders, the Universal Logistics' board of directors comprises two types of representatives: Universal Logistics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Universal. The board's role is to monitor Universal Logistics' management team and ensure that shareholders' interests are well served. Universal Logistics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Universal Logistics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jude Beres

CFO Treasurer

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