United Therapeutics Correlations

UTHR Stock

USD 312.99 0.61 0.19%

The current 90-days correlation between United Therapeutics and Incyte is -0.02 (i.e., Good diversification). The correlation of United Therapeutics 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.

United Therapeutics Correlation With Market

Significant diversification

The correlation between United Therapeutics and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Therapeutics 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 United Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in United Stock, please use our How to Invest in United Therapeutics guide.

Moving together with United Stock

0.77	CMND	Clearmind Medicine Common	Pair Corr
0.62	BA	Boeing	Pair Corr

Moving against United Stock

0.63	PG	Procter Gamble	Pair Corr
0.41	WM	Waste Management	Pair Corr
0.38	LUCD	Lucid Diagnostics	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.52	T	ATT Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	INCY	ALNY	RARE	APLS	REPL	NUVL	VTYX	ASND	MNKD	LRMR
INCY		0.22	0.54	0.27	0.41	0.25	0.31	-0.61	0.19	0.29	INCY
ALNY	0.22		0.43	-0.11	0.54	0.63	-0.1	-0.47	-0.15	-0.05	ALNY
RARE	0.54	0.43		0.37	0.63	0.75	0.35	-0.57	0.35	0.24	RARE
APLS	0.27	-0.11	0.37		0.09	0.45	0.94	-0.3	0.87	0.85	APLS
REPL	0.41	0.54	0.63	0.09		0.61	0.01	-0.23	0.0	0.16	REPL
NUVL	0.25	0.63	0.75	0.45	0.61		0.38	-0.51	0.4	0.35	NUVL
VTYX	0.31	-0.1	0.35	0.94	0.01	0.38		-0.37	0.89	0.83	VTYX
ASND	-0.61	-0.47	-0.57	-0.3	-0.23	-0.51	-0.37		-0.34	-0.19	ASND
MNKD	0.19	-0.15	0.35	0.87	0.0	0.4	0.89	-0.34		0.75	MNKD
LRMR	0.29	-0.05	0.24	0.85	0.16	0.35	0.83	-0.19	0.75		LRMR
	INCY	ALNY	RARE	APLS	REPL	NUVL	VTYX	ASND	MNKD	LRMR

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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

VTYX	+ 0.94	APLS
MNKD	+ 0.89	VTYX
MNKD	+ 0.87	APLS
LRMR	+ 0.85	APLS
LRMR	+ 0.83	VTYX
NUVL	+ 0.75	RARE

High negative correlations

ASND	- 0.61	INCY
ASND	- 0.57	RARE
ASND	- 0.51	NUVL
ASND	- 0.47	ALNY
ASND	- 0.37	VTYX
MNKD	- 0.34	ASND

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Therapeutics 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 Therapeutics' 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
INCY	1.43	(0.12)	0.00	(0.48)	0.00	0.00	2.63	(4.30)	12.72
ALNY	1.94	0.32	0.15	0.22	1.88	(2.44)	4.69	(3.48)	15.40
RARE	1.93	(0.19)	0.00	0.54	0.00	0.00	4.02	(3.62)	11.45
APLS	2.14	(0.37)	0.00	(0.43)	0.00	0.00	4.11	(4.33)	20.77
REPL	2.83	(0.06)	0.00	(0.11)	0.00	0.00	5.86	(5.88)	22.75
NUVL	2.08	(0.10)	0.00	1.13	0.00	0.00	3.54	(3.73)	12.24
VTYX	3.35	(0.63)	0.00	(0.46)	0.00	0.00	6.88	(7.56)	27.07
ASND	2.44	0.29	0.16	(0.65)	2.25	(2.89)	5.86	(3.90)	18.15
MNKD	1.83	(0.26)	0.00	(0.37)	0.00	0.00	2.72	(4.39)	13.20
LRMR	3.79	(1.03)	0.00	(0.47)	0.00	0.00	6.61	(7.99)	21.96

United Therapeutics Corporate Management

Holly Hobson	Associate Resources	Profile
JD MBA	Chairman Founder	Profile
Gil Golden	Senior Officer	Profile
Dewey CFA	Head Relations	Profile
Kevin Gray	Senior Logistics	Profile

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