Union Pacific Correlations

Stocks . USA . 
Stock . Union Pacific
UNP Stock  USD 234.79  1.60  0.68%   
The current 90-days correlation between Union Pacific and Norfolk Southern is 0.77 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Union Pacific Correlation With Market

Very weak diversification

The correlation between Union Pacific and DJI is 0.52 (i.e., Very weak 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Pacific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Union Stock, please use our How to Invest in Union Pacific guide.

Moving together with Union Stock

  0.82CP Canadian Pacific RailwayPairCorr
  0.74FLYX flyExclusive,PairCorr
  0.7CPA Copa Holdings SAPairCorr
  0.74NSC Norfolk SouthernPairCorr
  0.71RYAAY Ryanair Holdings PLCPairCorr
  0.83ATSG Air Transport ServicesPairCorr
  0.61CR Crane CompanyPairCorr
  0.88DE Deere CompanyPairCorr
  0.65EH Ehang Holdings Downward RallyPairCorr

Moving against Union Stock

  0.58CVLG Covenant Logistics Group,PairCorr
  0.51ULH Universal LogisticsPairCorr
  0.45JBLU JetBlue Airways CorpPairCorr
  0.38TFII TFI InternationalPairCorr
  0.35MRTN Marten TransportPairCorr
  0.31SNDR Schneider NationalPairCorr
  0.59BW Babcock Wilcox EnterPairCorr
  0.55TE T1 Energy Symbol ChangePairCorr
  0.52NX Quanex Building ProductsPairCorr
  0.49BV BrightView HoldingsPairCorr
  0.45CW Curtiss WrightPairCorr
  0.43NL NL IndustriesPairCorr
  0.38OP OceanpalPairCorr
  0.37GD General DynamicsPairCorr

Related Correlations Analysis

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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   
CNI
+ 0.84
CSX
CSX
+ 0.72
NSC
HON
+ 0.63
UPS
CNI
+ 0.62
NSC
HON
+ 0.45
CNI
CNI
+ 0.42
UPS
  
High negative correlations   
HON
- 0.17
NSC
UPS
- 0.09
NSC

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.

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