UWM Holdings Correlations

UWMC Stock

USD 5.87 0.05 0.84%

The current 90-days correlation between UWM Holdings Corp and Loandepot is 0.04 (i.e., Significant diversification). The correlation of UWM 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.

UWM Holdings Correlation With Market

Average diversification

The correlation between UWM Holdings Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UWM 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 UWM 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 population.

Moving together with UWM Stock

0.64	FMCC	Federal Home Loan	Pair Corr
0.68	FNMA	Federal National Mortgage	Pair Corr
0.68	C	Citigroup	Pair Corr
0.74	V	Visa Class A	Pair Corr
0.72	AC	Associated Capital	Pair Corr
0.89	BK	Bank of New York	Pair Corr
0.67	GL	Globe Life	Pair Corr
0.73	MA	Mastercard	Pair Corr

Moving against UWM Stock

0.65	GHLD	Guild Holdings	Pair Corr
0.39	VEL	Velocity Financial Llc	Pair Corr
0.35	BETRW	Better Home Finance	Pair Corr
0.32	DHIL	Diamond Hill Investment	Pair Corr
0.4	EG	Everest Group	Pair Corr

Related Correlations Analysis

	LDI	COOP	PFSI	WD	GHLD	RKT	HMPT	OCN	ECPG	GHI
LDI		-0.47	0.3	0.78	0.26	-0.37	0.0	0.0	0.5	-0.82	LDI
COOP	-0.47		0.34	-0.52	-0.6	0.44	0.0	0.0	-0.07	0.73	COOP
PFSI	0.3	0.34		0.42	-0.3	-0.14	0.0	0.0	0.49	-0.06	PFSI
WD	0.78	-0.52	0.42		0.3	-0.28	0.0	0.0	0.52	-0.7	WD
GHLD	0.26	-0.6	-0.3	0.3		-0.05	0.0	0.0	-0.32	-0.43	GHLD
RKT	-0.37	0.44	-0.14	-0.28	-0.05		0.0	0.0	-0.57	0.43	RKT
HMPT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
OCN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OCN
ECPG	0.5	-0.07	0.49	0.52	-0.32	-0.57	0.0	0.0		-0.41	ECPG
GHI	-0.82	0.73	-0.06	-0.7	-0.43	0.43	0.0	0.0	-0.41		GHI
	LDI	COOP	PFSI	WD	GHLD	RKT	HMPT	OCN	ECPG	GHI

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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

WD	+ 0.78	LDI
GHI	+ 0.73	COOP
ECPG	+ 0.52	WD
ECPG	+ 0.5	LDI
ECPG	+ 0.49	PFSI
RKT	+ 0.44	COOP

High negative correlations

GHI	- 0.82	LDI
GHI	- 0.7	WD
GHLD	- 0.6	COOP
ECPG	- 0.57	RKT
WD	- 0.52	COOP
COOP	- 0.47	LDI

Risk-Adjusted Indicators

There is a big difference between UWM Stock performing well and UWM 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 UWM 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
LDI	2.73	(0.44)	0.00	(0.43)	0.00	0.00	4.86	(6.09)	16.43
COOP	1.36	0.18	0.09	0.12	1.86	(1.34)	2.73	(2.56)	9.97
PFSI	1.48	0.05	0.00	(0.03)	0.00	0.00	3.14	(3.32)	12.76
WD	1.53	(0.22)	0.00	(0.30)	0.00	0.00	2.33	(3.32)	11.67
GHLD	1.97	0.23	0.11	0.21	1.97	(2.68)	4.72	(3.66)	13.33
RKT	2.94	0.49	0.15	(1.11)	3.52	(3.52)	6.39	(4.71)	26.20
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECPG	1.83	(0.38)	0.00	(0.36)	0.00	0.00	2.78	(3.16)	25.24
GHI	1.52	0.39	0.24	0.55	1.47	(1.70)	3.61	(2.59)	11.16

UWM Holdings Corporate Management

Allen Beydoun	Executive Sales	Profile
Jeffrey Ishbia	Director	Profile
Jason Bressler	Chief Officer	Profile
Laura Lawson	Executive Vice President Chief People Officer, Director	Profile
Alex Elezaj	Executive Vice President Chief Strategy Officer, Director	Profile
Isiah Thomas	Independent Director	Profile
Jeff Midbo	Senior Officer	Profile

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