Universal Correlations

UVV Stock

USD 55.80 0.07 0.13%

The correlation of Universal 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 Correlation With Market

Modest diversification

The correlation between Universal and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Universal Stock please use our How to Invest in Universal guide.

Moving together with Universal Stock

0.72	MO	Altria Group	Pair Corr
0.66	TR	Tootsie Roll Industries	Pair Corr
0.74	DOLE	Dole PLC	Pair Corr
0.68	KHC	Kraft Heinz	Pair Corr
0.67	KLG	WK Kellogg	Pair Corr
0.76	MKC	McCormick Company Earnings Call This Week	Pair Corr

Moving against Universal Stock

0.64	FAMI	Farmmi Inc	Pair Corr
0.62	VITL	Vital Farms	Pair Corr
0.58	FRPT	Freshpet	Pair Corr
0.52	BON	Bon Natural Life	Pair Corr
0.49	FTFT	Future Fintech Group	Pair Corr
0.45	EDBL	Edible Garden AG	Pair Corr
0.39	BG	Bunge Limited	Pair Corr
0.38	DAR	Darling Ingredients	Pair Corr
0.33	LW	Lamb Weston Holdings	Pair Corr
0.31	ADM	Archer Daniels Midland	Pair Corr
0.64	XXII	22nd Century Group Earnings Call This Week	Pair Corr
0.5	JBSS	John B Sanfilippo	Pair Corr
0.49	KAVL	Kaival Brands Innovations	Pair Corr
0.47	THS	Treehouse Foods	Pair Corr
0.44	TWG	Top Wealth Group	Pair Corr
0.35	LMNR	Limoneira	Pair Corr
0.31	LSF	Laird Superfood	Pair Corr

Related Correlations Analysis

	VGR	IMBBY	JAPAY	PM	TPB	BTI	IMBBF	MO
VGR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VGR
IMBBY	0.0		0.16	0.76	0.59	0.84	0.91	0.86	IMBBY
JAPAY	0.0	0.16		-0.12	-0.27	0.3	0.13	0.38	JAPAY
PM	0.0	0.76	-0.12		0.72	0.56	0.72	0.53	PM
TPB	0.0	0.59	-0.27	0.72		0.43	0.61	0.23	TPB
BTI	0.0	0.84	0.3	0.56	0.43		0.83	0.64	BTI
IMBBF	0.0	0.91	0.13	0.72	0.61	0.83		0.74	IMBBF
MO	0.0	0.86	0.38	0.53	0.23	0.64	0.74		MO
	VGR	IMBBY	JAPAY	PM	TPB	BTI	IMBBF	MO

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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

IMBBF	+ 0.91	IMBBY
MO	+ 0.86	IMBBY
BTI	+ 0.84	IMBBY
IMBBF	+ 0.83	BTI
PM	+ 0.76	IMBBY
MO	+ 0.74	IMBBF

High negative correlations

TPB	- 0.27	JAPAY
PM	- 0.12	JAPAY
MO	- 0.0	VGR
IMBBF	- 0.0	VGR
BTI	- 0.0	VGR
TPB	- 0.0	VGR

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal 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'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
VGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMBBY	0.85	0.23	0.27	0.62	0.82	(0.93)	1.79	(1.78)	4.30
JAPAY	0.79	0.01	0.08	(0.01)	1.08	(0.84)	1.95	(1.83)	5.18
PM	1.10	0.32	0.28	0.99	1.04	(1.23)	2.26	(1.70)	14.00
TPB	1.63	0.08	0.00	(0.02)	0.00	0.00	5.20	(4.76)	16.89
BTI	0.97	0.26	0.16	0.68	1.68	(0.98)	2.16	(1.99)	11.81
IMBBF	1.93	0.20	0.11	1.08	2.16	(2.30)	5.25	(4.25)	11.14
MO	0.98	0.20	0.26	4.36	0.90	(1.06)	2.24	(1.98)	4.82

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