UL Solutions Correlations

ULS Stock

53.42 0.74 1.37%

The current 90-days correlation between UL Solutions and Torm PLC Class is -0.07 (i.e., Good diversification). The correlation of UL Solutions 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. If the correlation is 0, the equities are not correlated; they are entirely random.

UL Solutions Correlation With Market

Very weak diversification

The correlation between UL Solutions and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UL Solutions 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 UL Solutions. 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 more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.

Moving together with ULS Stock

0.79	G	Genpact Limited	Pair Corr
0.77	BR	Broadridge Financial	Pair Corr
0.74	LZ	LegalZoom	Pair Corr
0.77	MG	Mistras Group Earnings Call This Week	Pair Corr
0.81	WM	Waste Management	Pair Corr
0.77	VRSK	Verisk Analytics	Pair Corr
0.79	EXLS	ExlService Holdings Sell-off Trend	Pair Corr
0.73	IIIV	i3 Verticals	Pair Corr

Moving against ULS Stock

0.4	DLX	Deluxe	Pair Corr
0.37	DLHC	DLH Holdings Corp	Pair Corr
0.36	NL	NL Industries Earnings Call This Week	Pair Corr
0.36	FTEK	Fuel Tech	Pair Corr
0.67	LNZA	LanzaTech Global	Pair Corr
0.65	CDTG	CDT Environmental	Pair Corr
0.56	IMXI	International Money	Pair Corr
0.55	LICY	LiCycle Holdings Corp	Pair Corr
0.55	RECT	Rectitude Holdings	Pair Corr
0.53	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.44	CMPR	Cimpress NV	Pair Corr
0.37	ESGLW	ESGL Holdings Limited	Pair Corr

Related Correlations Analysis

	MESA	INFU	TRMD	MMSI	BGI	CNLFF	RYAAY	GMXTF
MESA		-0.75	-0.11	-0.23	-0.19	0.67	0.02	-0.24	MESA
INFU	-0.75		0.13	0.19	0.46	-0.72	-0.07	0.21	INFU
TRMD	-0.11	0.13		-0.08	0.18	0.07	-0.44	-0.54	TRMD
MMSI	-0.23	0.19	-0.08		-0.26	0.17	0.65	-0.3	MMSI
BGI	-0.19	0.46	0.18	-0.26		-0.52	-0.15	0.09	BGI
CNLFF	0.67	-0.72	0.07	0.17	-0.52		0.22	-0.62	CNLFF
RYAAY	0.02	-0.07	-0.44	0.65	-0.15	0.22		0.01	RYAAY
GMXTF	-0.24	0.21	-0.54	-0.3	0.09	-0.62	0.01		GMXTF
	MESA	INFU	TRMD	MMSI	BGI	CNLFF	RYAAY	GMXTF

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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

CNLFF	+ 0.67	MESA
RYAAY	+ 0.65	MMSI
BGI	+ 0.46	INFU
RYAAY	+ 0.22	CNLFF
GMXTF	+ 0.21	INFU
MMSI	+ 0.19	INFU

High negative correlations

INFU	- 0.75	MESA
CNLFF	- 0.72	INFU
GMXTF	- 0.62	CNLFF
GMXTF	- 0.54	TRMD
CNLFF	- 0.52	BGI
RYAAY	- 0.44	TRMD

Risk-Adjusted Indicators

There is a big difference between ULS Stock performing well and UL Solutions 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 UL Solutions' 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
MESA	3.16	0.53	0.14	1.31	3.17	(4.25)	9.82	(6.40)	23.87
INFU	2.10	(0.18)	0.00	(0.18)	0.00	0.00	4.40	(4.79)	14.39
TRMD	1.97	(0.27)	0.00	1.75	0.00	0.00	4.64	(3.98)	12.23
MMSI	1.03	(0.03)	0.00	(0.10)	0.00	0.00	2.03	(2.21)	7.16
BGI	2.92	(0.62)	0.00	1.49	0.00	0.00	6.21	(9.23)	26.51
CNLFF	0.02	0.00	0.00	(0.19)	0.00	0.00	0.00	0.00	0.68
RYAAY	1.40	0.10	0.06	0.40	1.50	(1.60)	3.53	(2.52)	8.97
GMXTF	0.28	0.06	0.00	(2.17)	0.00	0.00	1.26	0.00	7.00

UL Solutions Corporate Management

Diana Coso	Interim VP	Profile
Kathleen Fieweger	Senior Communications	Profile
Linda Chapin	Executive Officer	Profile
Upayan Sengupta	Senior Consumer	Profile
Lynn Hancock	Executive Officer	Profile
Gitte Schjotz	Executive Officer	Profile
Weifang Zhou	Inspection Testing	Profile

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