UTStarcom Holdings Correlations

UTSI Stock

USD 2.39 0.10 4.02%

The correlation of UTStarcom Holdings 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.

UTStarcom Holdings Correlation With Market

Significant diversification

The correlation between UTStarcom Holdings Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UTStarcom Holdings Corp 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 UTStarcom Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against UTStarcom Stock

0.35

Boeing

Pair Corr

Related Correlations Analysis

	KVHI	TSAT	MYNA	KN	SILC	AMPGW	AAPJ	ASNS	PWFL	CAMP
KVHI		0.66	-0.48	-0.09	0.52	0.42	-0.28	0.19	0.0	-0.16	KVHI
TSAT	0.66		-0.79	-0.25	0.65	0.67	0.0	0.04	0.0	-0.22	TSAT
MYNA	-0.48	-0.79		0.16	-0.67	-0.72	-0.03	0.12	0.0	0.2	MYNA
KN	-0.09	-0.25	0.16		-0.05	0.02	0.16	0.5	0.0	0.22	KN
SILC	0.52	0.65	-0.67	-0.05		0.82	-0.15	0.39	0.0	-0.51	SILC
AMPGW	0.42	0.67	-0.72	0.02	0.82		-0.02	0.32	0.0	-0.51	AMPGW
AAPJ	-0.28	0.0	-0.03	0.16	-0.15	-0.02		-0.13	0.0	0.35	AAPJ
ASNS	0.19	0.04	0.12	0.5	0.39	0.32	-0.13		0.0	-0.27	ASNS
PWFL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PWFL
CAMP	-0.16	-0.22	0.2	0.22	-0.51	-0.51	0.35	-0.27	0.0		CAMP
	KVHI	TSAT	MYNA	KN	SILC	AMPGW	AAPJ	ASNS	PWFL	CAMP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AMPGW	+ 0.82	SILC
AMPGW	+ 0.67	TSAT
TSAT	+ 0.66	KVHI
SILC	+ 0.65	TSAT
SILC	+ 0.52	KVHI
ASNS	+ 0.5	KN

High negative correlations

MYNA	- 0.79	TSAT
AMPGW	- 0.72	MYNA
SILC	- 0.67	MYNA
CAMP	- 0.51	AMPGW
CAMP	- 0.51	SILC
MYNA	- 0.48	KVHI

Risk-Adjusted Indicators

There is a big difference between UTStarcom Stock performing well and UTStarcom Holdings 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 UTStarcom Holdings' 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
KVHI	1.42	0.27	0.13	(2.50)	1.70	(1.57)	3.73	(2.61)	8.92
TSAT	3.68	0.72	0.17	2.14	3.48	(4.08)	7.63	(5.49)	22.43
MYNA	12.78	(0.90)	0.00	0.78	0.00	0.00	36.96	(31.58)	167.72
KN	1.17	(0.06)	0.00	(0.06)	0.00	0.00	2.07	(2.51)	7.03
SILC	2.51	0.29	0.08	32.97	3.06	(2.58)	5.86	(5.24)	16.21
AMPGW	28.71	11.32	0.56	(1.63)	14.55	(45.44)	100.00	(33.33)	260.28
AAPJ	16.07	3.26	0.06	0.98	16.42	(91.67)	100.00	(50.00)	150.00
ASNS	3.89	(0.15)	0.00	(0.50)	0.00	0.00	8.63	(7.23)	38.94
PWFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAMP	9.25	0.32	0.03	0.07	9.58	(11.66)	21.86	(17.56)	86.38

UTStarcom Holdings Corporate Management

Yinghua Chen	Chief Officer	Profile
Hua Li	CEO Director	Profile
Fei Wang	Director Relations	Profile
Danjun Xie	Chief Officer	Profile
Lingrong Lu	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC