Universal Insurance Correlations

UVIC Stock

10.99 0.49 4.67%

The current 90-days correlation between Universal Insurance and Mari Petroleum is -0.06 (i.e., Good diversification). The correlation of Universal Insurance 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.

Universal Insurance Correlation With Market

Good diversification

The correlation between Universal Insurance 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 Insurance and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Universal Stock

0.93	FFL	Fauji Foods	Pair Corr
0.83	KSBP	KSB Pumps	Pair Corr
0.76	MARI	Mari Petroleum	Pair Corr
0.91	LOADS	Loads	Pair Corr
0.9	THCCL	Thatta Cement	Pair Corr
0.94	KAPCO	KOT Addu Power	Pair Corr
0.79	REWM	Reliance Weaving Mills	Pair Corr
0.87	AKBL	Askari Bank	Pair Corr
0.85	WTL	WorldCall Telecom	Pair Corr
0.78	OGDC	Oil and Gas	Pair Corr
0.71	CLOV	Clover Pakistan	Pair Corr
0.85	HBL	Habib Bank	Pair Corr
0.84	AICL	Adamjee Insurance	Pair Corr
0.83	PSO	Pakistan State Oil	Pair Corr
0.9	ACIETF	Alfalah Consumer	Pair Corr
0.84	ENGRO	Engro	Pair Corr
0.64	EFERT	Engro Fertilizers	Pair Corr
0.84	MTL	Millat Tractors	Pair Corr
0.87	AGP	AGP	Pair Corr

Related Correlations Analysis

	MARI	TCORPCPS	FSWL	MDTL	SARC	ADMM	GATI	HABSM	GGL	BOP
MARI		-0.66	0.35	0.56	0.5	0.88	-0.1	0.87	0.9	0.83	MARI
TCORPCPS	-0.66		-0.33	-0.74	-0.14	-0.81	0.18	-0.76	-0.72	-0.82	TCORPCPS
FSWL	0.35	-0.33		0.26	0.4	0.48	-0.59	0.53	0.49	0.6	FSWL
MDTL	0.56	-0.74	0.26		0.17	0.65	0.19	0.61	0.5	0.63	MDTL
SARC	0.5	-0.14	0.4	0.17		0.44	-0.29	0.42	0.42	0.46	SARC
ADMM	0.88	-0.81	0.48	0.65	0.44		-0.21	0.94	0.93	0.95	ADMM
GATI	-0.1	0.18	-0.59	0.19	-0.29	-0.21		-0.31	-0.28	-0.36	GATI
HABSM	0.87	-0.76	0.53	0.61	0.42	0.94	-0.31		0.93	0.96	HABSM
GGL	0.9	-0.72	0.49	0.5	0.42	0.93	-0.28	0.93		0.92	GGL
BOP	0.83	-0.82	0.6	0.63	0.46	0.95	-0.36	0.96	0.92		BOP
	MARI	TCORPCPS	FSWL	MDTL	SARC	ADMM	GATI	HABSM	GGL	BOP

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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

BOP	+ 0.96	HABSM
BOP	+ 0.95	ADMM
HABSM	+ 0.94	ADMM
GGL	+ 0.93	ADMM
GGL	+ 0.93	HABSM
BOP	+ 0.92	GGL

High negative correlations

BOP	- 0.82	TCORPCPS
ADMM	- 0.81	TCORPCPS
HABSM	- 0.76	TCORPCPS
MDTL	- 0.74	TCORPCPS
GGL	- 0.72	TCORPCPS
TCORPCPS	- 0.66	MARI

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Insurance 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 Insurance'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
MARI	2.97	0.80	0.20	(1.51)	3.11	(3.52)	9.62	(5.08)	19.94
TCORPCPS	2.50	(0.29)	0.00	0.37	0.00	0.00	9.35	(9.98)	22.80
FSWL	4.10	0.68	0.08	(1.17)	4.20	(7.77)	9.99	(10.00)	20.01
MDTL	4.18	(0.05)	0.00	0.94	0.00	0.00	11.07	(6.73)	24.87
SARC	2.34	0.31	0.04	(0.41)	2.69	(5.43)	9.54	(7.06)	19.01
ADMM	1.55	0.21	0.07	(2.61)	2.16	(1.72)	3.42	(2.42)	13.13
GATI	0.79	(0.12)	0.00	1.06	0.00	0.00	1.40	(1.80)	6.22
HABSM	1.32	0.35	0.19	(4.41)	1.32	(1.73)	2.60	(2.07)	16.00
GGL	2.78	0.85	0.25	(3.43)	2.40	(3.51)	9.98	(5.68)	18.14
BOP	2.61	1.01	0.35	3.91	1.78	(3.12)	10.11	(3.95)	22.96

Be your own money manager

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