Univest Pennsylvania Correlations

UVSP Stock

USD 29.16 0.52 1.82%

The current 90-days correlation between Univest Pennsylvania and Mid Penn Bancorp is 0.82 (i.e., Very poor diversification). The correlation of Univest Pennsylvania 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.

Univest Pennsylvania Correlation With Market

Poor diversification

The correlation between Univest Pennsylvania and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Univest Pennsylvania 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 Univest Pennsylvania. 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.

To learn how to invest in Univest Stock, please use our How to Invest in Univest Pennsylvania guide.

Moving together with Univest Stock

0.68	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp	Pair Corr
0.65	NU	Nu Holdings	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.76	RF	Regions Financial	Pair Corr
0.63	VBNK	VersaBank	Pair Corr
0.77	VBTX	Veritex Holdings	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.89	EFSC	Enterprise Financial	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr
0.9	EQBK	Equity Bancshares,	Pair Corr
0.81	ESSA	ESSA Bancorp	Pair Corr
0.69	TFINP	Triumph Financial	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr
0.74	WNEB	Western New England	Pair Corr

Moving against Univest Stock

0.56

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	TCFC	HBCP
WSBF		0.28	0.83	0.15	0.59	0.32	0.87	0.39	0.0	0.58	WSBF
MPB	0.28		0.48	0.59	0.88	-0.23	0.52	-0.66	0.0	0.74	MPB
STBA	0.83	0.48		0.42	0.8	0.11	0.81	0.13	0.0	0.7	STBA
RBCAA	0.15	0.59	0.42		0.64	-0.49	0.16	-0.49	0.0	0.18	RBCAA
SMBC	0.59	0.88	0.8	0.64		-0.18	0.74	-0.39	0.0	0.81	SMBC
IROQ	0.32	-0.23	0.11	-0.49	-0.18		0.28	0.51	0.0	0.18	IROQ
CBAN	0.87	0.52	0.81	0.16	0.74	0.28		0.14	0.0	0.82	CBAN
OPOF	0.39	-0.66	0.13	-0.49	-0.39	0.51	0.14		0.0	-0.28	OPOF
TCFC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TCFC
HBCP	0.58	0.74	0.7	0.18	0.81	0.18	0.82	-0.28	0.0		HBCP
	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	TCFC	HBCP

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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

SMBC	+ 0.88	MPB
CBAN	+ 0.87	WSBF
STBA	+ 0.83	WSBF
HBCP	+ 0.82	CBAN
CBAN	+ 0.81	STBA
HBCP	+ 0.81	SMBC

High negative correlations

OPOF	- 0.66	MPB
OPOF	- 0.49	RBCAA
IROQ	- 0.49	RBCAA
OPOF	- 0.39	SMBC
HBCP	- 0.28	OPOF
IROQ	- 0.23	MPB

Risk-Adjusted Indicators

There is a big difference between Univest Stock performing well and Univest Pennsylvania 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 Univest Pennsylvania'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
WSBF	1.32	(0.08)	0.00	(0.19)	0.00	0.00	2.23	(3.48)	11.71
MPB	1.24	(0.22)	0.00	(0.29)	0.00	0.00	1.89	(3.08)	7.48
STBA	1.25	(0.13)	0.00	(0.21)	0.00	0.00	2.46	(3.50)	7.27
RBCAA	1.27	(0.19)	0.00	(0.27)	0.00	0.00	2.21	(2.78)	7.67
SMBC	1.30	(0.18)	0.00	(0.23)	0.00	0.00	2.05	(3.82)	6.67
IROQ	1.35	0.07	0.06	0.12	1.77	(1.54)	2.85	(3.40)	10.54
CBAN	1.21	(0.02)	0.00	(0.08)	0.00	0.00	2.59	(2.20)	10.65
OPOF	1.12	0.32	0.23	2.26	1.20	(1.34)	3.51	(1.51)	10.73
TCFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HBCP	1.36	(0.07)	0.00	(0.13)	0.00	0.00	2.82	(3.25)	8.36

Univest Pennsylvania Corporate Management

John Duerksen	Exec County	Profile
David Geibel	a Girard	Profile
Nicole Heverly	Senior Communications	Profile
Peter Miklos	Executive Leader	Profile
Theresa Fosko	Executive Officer	Profile

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