Universal Security Correlations

UUU Stock

USD 2.37 0.05 2.16%

The current 90-days correlation between Universal Security and Guardforce AI Co is -0.03 (i.e., Good diversification). The correlation of Universal Security 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.

Universal Security Correlation With Market

Significant diversification

The correlation between Universal Security Instruments and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Security Instruments 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 Universal Security Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Universal Stock

0.61	EBON	Ebang International	Pair Corr
0.79	EXTR	Extreme Networks	Pair Corr
0.71	GLW	Corning Incorporated	Pair Corr
0.64	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.79	ZBRA	Zebra Technologies	Pair Corr
0.73	KODK	Eastman Kodak	Pair Corr
0.61	KVHI	KVH Industries	Pair Corr
0.82	LITE	Lumentum Holdings	Pair Corr
0.89	NTGR	NETGEAR	Pair Corr
0.65	QUBT	Quantum Computing	Pair Corr
0.76	RDCM	Radcom	Pair Corr
0.78	SSYS	Stratasys	Pair Corr
0.75	BOSC	BOS Better Online Tech Boost	Pair Corr
0.64	CIEN	Ciena Corp	Pair Corr

Moving against Universal Stock

0.95	CDW	CDW Corp	Pair Corr
0.86	LPL	LG Display	Pair Corr
0.8	STX	Seagate Technology PLC	Pair Corr
0.76	INFN	Infinera	Pair Corr
0.6	JNPR	Juniper Networks	Pair Corr
0.52	LOGI	Logitech International	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.91	VRRM	Verra Mobility Corp	Pair Corr
0.84	MX	MagnaChip Semiconductor	Pair Corr
0.83	ENLV	Enlivex Therapeutics	Pair Corr
0.78	CLFD	Clearfield	Pair Corr
0.7	MI	NFT Limited	Pair Corr
0.68	SMCI	Super Micro Computer Buyout Trend	Pair Corr
0.51	ON	ON Semiconductor	Pair Corr
0.47	MU	Micron Technology	Pair Corr
0.36	ENTG	Entegris	Pair Corr

Related Correlations Analysis

	BCO	MSA	REZI	MG	NL	GFAI	IVDA	BAER	SPCB
BCO		0.07	-0.75	0.85	-0.39	-0.29	-0.49	0.01	-0.2	BCO
MSA	0.07		0.53	0.03	0.31	0.15	-0.42	-0.1	-0.3	MSA
REZI	-0.75	0.53		-0.65	0.56	0.31	0.13	-0.09	-0.05	REZI
MG	0.85	0.03	-0.65		-0.29	-0.17	-0.35	-0.05	-0.14	MG
NL	-0.39	0.31	0.56	-0.29		0.22	0.06	0.05	-0.2	NL
GFAI	-0.29	0.15	0.31	-0.17	0.22		0.6	-0.44	0.54	GFAI
IVDA	-0.49	-0.42	0.13	-0.35	0.06	0.6		-0.46	0.7	IVDA
BAER	0.01	-0.1	-0.09	-0.05	0.05	-0.44	-0.46		-0.31	BAER
SPCB	-0.2	-0.3	-0.05	-0.14	-0.2	0.54	0.7	-0.31		SPCB
	BCO	MSA	REZI	MG	NL	GFAI	IVDA	BAER	SPCB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MG	+ 0.85	BCO
SPCB	+ 0.7	IVDA
IVDA	+ 0.6	GFAI
NL	+ 0.56	REZI
SPCB	+ 0.54	GFAI
REZI	+ 0.53	MSA

High negative correlations

REZI	- 0.75	BCO
MG	- 0.65	REZI
IVDA	- 0.49	BCO
BAER	- 0.46	IVDA
BAER	- 0.44	GFAI
IVDA	- 0.42	MSA

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Security 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 Security'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
BCO	1.27	(0.30)	0.00	(1.19)	0.00	0.00	2.43	(2.75)	8.85
MSA	0.92	(0.07)	0.00	(0.11)	0.00	0.00	2.11	(2.36)	6.34
REZI	1.48	0.24	0.16	0.41	1.28	(1.76)	3.19	(2.65)	13.97
MG	2.09	(0.27)	0.00	(3.49)	0.00	0.00	3.99	(3.59)	28.03
NL	2.28	0.15	0.04	0.49	3.55	(2.09)	4.50	(6.26)	16.89
GFAI	5.39	1.17	0.22	0.82	4.37	(7.70)	18.18	(9.27)	61.85
IVDA	9.85	2.88	0.27	(0.46)	8.88	(12.32)	28.67	(15.49)	78.84
BAER	3.60	0.07	0.01	(0.11)	4.33	(4.03)	6.10	(7.20)	48.42
SPCB	6.03	1.68	0.28	(2.71)	4.53	(7.20)	10.84	(7.91)	73.94

Universal Security Corporate Executives

Elected by the shareholders, the Universal Security's board of directors comprises two types of representatives: Universal Security inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Universal. The board's role is to monitor Universal Security's management team and ensure that shareholders' interests are well served. Universal Security'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, Universal Security's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Huff

Chief Financial Officer, Treasurer, Secretary

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