United Internet Correlations

Stocks . Germany . 
Stock . United Internet AG
UTDI Stock  EUR 19.03  0.34  1.76%   
The current 90-days correlation between United Internet AG and Xinhua Winshare Publishing is -0.06 (i.e., Good diversification). The correlation of United Internet 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.

United Internet Correlation With Market

Significant diversification

The correlation between United Internet AG 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 United Internet AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to United Internet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Internet 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 United Internet - 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 United Internet AG to buy it.

Moving together with United Stock

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  0.75BRH Berkshire HathawayPairCorr
  0.89JYS1 JYSKE BANKPairCorr
  0.77DBPE Xtrackers LevDAXPairCorr

Moving against United Stock

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  0.87AMZ Amazon IncPairCorr
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  0.71CSA Accenture plcPairCorr
  0.65NTT Nippon TelegraphPairCorr
  0.62NLV Nippon TelegraphPairCorr
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  0.54WMT WalmartPairCorr
  0.78DBPD Xtrackers ShortDAXPairCorr
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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   
C3W
+ 0.6
SXV
SXV
+ 0.57
LN4
C3W
+ 0.51
LN4
GKD
+ 0.37
ISW
ISW
+ 0.23
BJI
C3W
+ 0.02
GKD
  
High negative correlations   
ISW
- 0.66
SXV
ISW
- 0.64
LN4
C3W
- 0.47
BJI
C3W
- 0.46
ISW
GKD
- 0.36
BJI
BJI
- 0.21
SXV

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Internet 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 United Internet'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in United Internet 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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United Internet Corporate Management

Elected by the shareholders, the United Internet's board of directors comprises two types of representatives: United Internet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Internet's management team and ensure that shareholders' interests are well served. United Internet'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, United Internet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Martin MildnerGroup BoardProfile
Stephan GramkowInvestor Relations Contact OfficerProfile
Dominic GrossmanInvestor MangProfile
Marcus SchapsHead PRProfile
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