Universal Media Correlations

UMGP Stock

USD 0.02 0 8.70%

The current 90-days correlation between Universal Media Group and Bilibili is -0.15 (i.e., Good diversification). The correlation of Universal Media 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.

Universal Media Correlation With Market

Significant diversification

The correlation between Universal Media Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Media Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Universal Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Universal Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Universal Media Group to buy it.

Moving together with Universal Pink Sheet

0.73	PKX	POSCO Holdings	Pair Corr
0.81	HYMTF	Hyundai Motor	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.85	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.77	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Universal Pink Sheet

0.67	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.62	DIS	Walt Disney Sell-off Trend	Pair Corr
0.56	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.51	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.41	MSFT	Microsoft	Pair Corr
0.32	TRV	The Travelers Companies Sell-off Trend	Pair Corr

Related Correlations Analysis

	BILI	MSGM	FKWL	AINSF	NVST	PENN	NYXH	GMWKF
BILI		0.48	-0.12	0.29	-0.22	-0.32	0.5	-0.65	BILI
MSGM	0.48		0.43	0.09	-0.21	-0.18	0.35	-0.28	MSGM
FKWL	-0.12	0.43		0.1	-0.17	-0.2	-0.18	0.14	FKWL
AINSF	0.29	0.09	0.1		-0.71	-0.71	0.18	-0.1	AINSF
NVST	-0.22	-0.21	-0.17	-0.71		0.71	-0.29	0.31	NVST
PENN	-0.32	-0.18	-0.2	-0.71	0.71		-0.36	0.32	PENN
NYXH	0.5	0.35	-0.18	0.18	-0.29	-0.36		-0.73	NYXH
GMWKF	-0.65	-0.28	0.14	-0.1	0.31	0.32	-0.73		GMWKF
	BILI	MSGM	FKWL	AINSF	NVST	PENN	NYXH	GMWKF

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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

PENN	+ 0.71	NVST
NYXH	+ 0.5	BILI
MSGM	+ 0.48	BILI
FKWL	+ 0.43	MSGM
NYXH	+ 0.35	MSGM
GMWKF	+ 0.32	PENN

High negative correlations

GMWKF	- 0.73	NYXH
PENN	- 0.71	AINSF
NVST	- 0.71	AINSF
GMWKF	- 0.65	BILI
NYXH	- 0.36	PENN
PENN	- 0.32	BILI

Risk-Adjusted Indicators

There is a big difference between Universal Pink Sheet performing well and Universal Media 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 Media'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
BILI	3.46	(0.55)	0.00	1.35	0.00	0.00	7.65	(8.80)	32.85
MSGM	3.30	0.04	0.01	(0.10)	4.00	(3.93)	5.84	(7.09)	25.47
FKWL	1.36	0.13	0.06	(6.65)	1.87	(1.39)	3.61	(2.35)	9.99
AINSF	1.96	0.03	0.00	(0.06)	3.02	(3.43)	4.08	(6.90)	21.23
NVST	1.73	(0.01)	(0.01)	(0.04)	2.16	(1.97)	3.72	(4.09)	15.55
PENN	2.21	0.05	0.01	(0.17)	2.53	(2.41)	4.85	(4.24)	10.06
NYXH	1.52	0.00	0.00	0.02	1.81	(1.94)	3.07	(3.60)	9.72
GMWKF	1.31	0.35	0.08	0.79	1.54	(2.91)	3.99	(1.64)	20.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Universal Media without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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