Universal Power Correlations

UPIN Stock

USD 0 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Universal Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Power Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Universal Power Correlation With Market

Good diversification

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

The ability to find closely correlated positions to Universal Power 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 Power 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 Power - 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 Power Industry to buy it.

Moving together with Universal Pink Sheet

0.7	MSFT	Microsoft Aggressive Push	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.68	CAT	Caterpillar	Pair Corr

Moving against Universal Pink Sheet

0.84	IBM	International Business	Pair Corr
0.82	AVAL	Grupo Aval	Pair Corr
0.8	T	ATT Inc Aggressive Push	Pair Corr
0.78	KO	Coca Cola Sell-off Trend	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.65	BCH	Banco De Chile	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.6	WF	Woori Financial Group	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.56	MMM	3M Company	Pair Corr
0.54	BAC-PL	Bank of America	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.51	TRV	The Travelers Companies	Pair Corr
0.5	WFC-PL	Wells Fargo	Pair Corr
0.48	INTC	Intel Sell-off Trend	Pair Corr

Related Correlations Analysis

	GEGR	PRTT	GTLL	MONI	SPLP	FIP	GFF	MATW	TUSK	GTII
GEGR		-0.14	0.0	0.08	-0.15	0.1	0.18	0.19	0.26	0.02	GEGR
PRTT	-0.14		0.0	-0.94	-0.07	-0.93	-0.47	-0.88	-0.9	0.67	PRTT
GTLL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GTLL
MONI	0.08	-0.94	0.0		0.08	0.93	0.44	0.88	0.85	-0.69	MONI
SPLP	-0.15	-0.07	0.0	0.08		0.16	-0.19	-0.01	0.02	-0.13	SPLP
FIP	0.1	-0.93	0.0	0.93	0.16		0.48	0.88	0.89	-0.65	FIP
GFF	0.18	-0.47	0.0	0.44	-0.19	0.48		0.49	0.72	-0.6	GFF
MATW	0.19	-0.88	0.0	0.88	-0.01	0.88	0.49		0.85	-0.65	MATW
TUSK	0.26	-0.9	0.0	0.85	0.02	0.89	0.72	0.85		-0.7	TUSK
GTII	0.02	0.67	0.0	-0.69	-0.13	-0.65	-0.6	-0.65	-0.7		GTII
	GEGR	PRTT	GTLL	MONI	SPLP	FIP	GFF	MATW	TUSK	GTII

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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

FIP	+ 0.93	MONI
TUSK	+ 0.89	FIP
MATW	+ 0.88	MONI
MATW	+ 0.88	FIP
TUSK	+ 0.85	MONI
TUSK	+ 0.85	MATW

High negative correlations

MONI	- 0.94	PRTT
FIP	- 0.93	PRTT
TUSK	- 0.9	PRTT
MATW	- 0.88	PRTT
GTII	- 0.7	TUSK
GTII	- 0.69	MONI

Risk-Adjusted Indicators

There is a big difference between Universal Pink Sheet performing well and Universal Power 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 Power'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
GEGR	13.73	2.29	0.07	2.03	14.87	(47.30)	50.00	(41.67)	199.11
PRTT	6.34	2.11	0.27	(4.35)	5.14	(9.90)	16.92	(7.78)	58.69
GTLL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MONI	6.53	(1.32)	0.00	(0.80)	0.00	0.00	10.88	(13.14)	38.02
SPLP	1.58	0.02	0.00	0.07	2.94	(2.18)	2.97	(2.21)	18.57
FIP	2.72	(0.53)	0.00	(2.27)	0.00	0.00	4.69	(7.04)	20.34
GFF	1.54	0.04	0.02	0.03	1.64	(1.77)	2.86	(2.45)	12.51
MATW	2.09	(0.24)	0.00	(0.19)	0.00	0.00	2.96	(4.01)	24.43
TUSK	3.10	(0.45)	0.00	(0.27)	0.00	0.00	6.13	(6.23)	18.93
GTII	36.40	12.77	0.38	(0.85)	23.53	(57.55)	111.11	(47.23)	257.89

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Our tools can tell you how much better you can do entering a position in Universal Power 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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