Union Pacific Correlations

UNP Stock

EUR 218.20 1.85 0.86%

The current 90-days correlation between Union Pacific and Zurich Insurance Group is 0.17 (i.e., Average diversification). The correlation of Union Pacific 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.

Union Pacific Correlation With Market

Significant diversification

The correlation between Union Pacific and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Pacific and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Union Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Pacific 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 Union Pacific - 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 Union Pacific to buy it.

Moving together with Union Stock

0.78	NFS	Norfolk Southern	Pair Corr
0.62	47M	MedMira	Pair Corr
0.84	BSX	BOSTON SCIENTIFIC	Pair Corr
0.72	LL6	MTN GROUP	Pair Corr
0.75	S9L	FERRAGAMO	Pair Corr

Moving against Union Stock

0.57	MRI	MTR Limited	Pair Corr
0.54	WSU	WashTec AG Earnings Call This Week	Pair Corr
0.48	DBPD	Xtrackers ShortDAX	Pair Corr
0.43	J9I0	5E ADVANCED MATERIALS Split	Pair Corr
0.41	34T1	Tiangong International Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CDZ0	EEW	ZFI1	MEL	RH6B	ZFI1	QBE
CDZ0		0.82	0.68	-0.22	-0.52	0.71	0.83	CDZ0
EEW	0.82		0.76	-0.28	-0.67	0.81	0.84	EEW
ZFI1	0.68	0.76		-0.16	-0.78	0.92	0.71	ZFI1
MEL	-0.22	-0.28	-0.16		0.37	-0.19	-0.27	MEL
RH6B	-0.52	-0.67	-0.78	0.37		-0.84	-0.55	RH6B
ZFI1	0.71	0.81	0.92	-0.19	-0.84		0.77	ZFI1
QBE	0.83	0.84	0.71	-0.27	-0.55	0.77		QBE
	CDZ0	EEW	ZFI1	MEL	RH6B	ZFI1	QBE

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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

ZFI1	+ 0.92	ZFI1
QBE	+ 0.84	EEW
QBE	+ 0.83	CDZ0
EEW	+ 0.82	CDZ0
ZFI1	+ 0.81	EEW
QBE	+ 0.77	ZFI1

High negative correlations

ZFI1	- 0.84	RH6B
RH6B	- 0.78	ZFI1
RH6B	- 0.67	EEW
QBE	- 0.55	RH6B
RH6B	- 0.52	CDZ0
MEL	- 0.28	EEW

Risk-Adjusted Indicators

There is a big difference between Union Stock performing well and Union Pacific 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 Union Pacific'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
CDZ0	2.27	0.22	0.12	(0.77)	2.36	(2.75)	4.55	(4.03)	16.75
EEW	1.27	0.16	0.12	3.53	1.51	(1.72)	2.48	(2.08)	8.94
ZFI1	1.74	0.09	0.05	0.13	2.06	(2.12)	4.32	(3.90)	9.87
MEL	1.33	(0.07)	0.00	(0.68)	0.00	0.00	2.32	(2.84)	10.08
RH6B	1.84	(0.43)	0.00	(17.10)	0.00	0.00	4.17	(4.76)	14.84
ZFI1	1.04	0.10	0.10	(3.91)	1.33	(1.29)	2.16	(2.10)	8.40
QBE	1.21	0.10	0.08	7.89	1.60	(1.43)	2.53	(3.27)	8.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Union Pacific 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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