UnitedHealth Group Correlations
| UNH Stock | 28.88 0.20 0.69% |
The current 90-days correlation between UnitedHealth Group CDR and iShares Canadian HYBrid is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UnitedHealth Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UnitedHealth Group CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
UnitedHealth Group Correlation With Market
Significant diversification
The correlation between UnitedHealth Group CDR and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UnitedHealth Group CDR and DJI in the same portfolio, assuming nothing else is changed.
UnitedHealth |
The ability to find closely correlated positions to UnitedHealth Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UnitedHealth Group 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 UnitedHealth Group - 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 UnitedHealth Group CDR to buy it.
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between UnitedHealth Stock performing well and UnitedHealth Group 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 UnitedHealth Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XHB | 0.20 | 0.01 | (0.41) | 0.19 | 0.05 | 0.51 | 1.07 | |||
| EDGF | 0.82 | 0.00 | (0.06) | 0.09 | 1.13 | 2.20 | 6.42 | |||
| SOLR | 6.36 | 0.07 | 0.00 | 0.04 | 0.00 | 25.00 | 50.00 | |||
| 0P0000OXA6 | 0.51 | 0.13 | 0.04 | 1.06 | 0.45 | 1.15 | 4.34 | |||
| HFP | 0.31 | 0.01 | (0.16) | 0.50 | 0.37 | 1.09 | 2.38 | |||
| ALA-PA | 0.52 | 0.02 | (0.11) | 0.29 | 0.65 | 1.15 | 3.73 | |||
| ECO | 1.51 | 0.07 | (0.05) | (0.01) | 1.90 | 3.84 | 11.63 | |||
| FTN-PA | 0.18 | 0.07 | (0.31) | (1.32) | 0.00 | 0.48 | 1.70 | |||
| ROMJ | 3.12 | (0.52) | 0.00 | (0.63) | 0.00 | 7.50 | 27.78 | |||
| VO | 7.78 | 1.83 | 0.09 | (0.28) | 6.87 | 20.00 | 56.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in UnitedHealth Group 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.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
UnitedHealth Group Corporate Management
Elected by the shareholders, the UnitedHealth Group's board of directors comprises two types of representatives: UnitedHealth Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UnitedHealth. The board's role is to monitor UnitedHealth Group's management team and ensure that shareholders' interests are well served. UnitedHealth Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, UnitedHealth Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jennifer Smoter | Senior Officer | Profile | |
| Brian CPA | Chief UnitedHealthcare | Profile | |
| Rupert Bondy | Compliance Governance | Profile | |
| Sandeep Dadlani | Executive Officer | Profile | |
| Terry Clark | Executive Officer | Profile | |
| Thomas Roos | Senior Officer | Profile |