Uni Fuels Correlations

UFG Stock

2.30 0.05 2.22%

The current 90-days correlation between Uni Fuels Holdings and Porvair plc is 0.06 (i.e., Significant diversification). The correlation of Uni Fuels 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.

Uni Fuels Correlation With Market

Modest diversification

The correlation between Uni Fuels Holdings Limited and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Uni Fuels Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uni Fuels Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Uni Stock

0.89	HMR	Heidmar Maritime Holdings	Pair Corr
0.74	HTCO	Caravelle International Symbol Change	Pair Corr

Moving against Uni Stock

0.81	GSL	Global Ship Lease	Pair Corr
0.8	GASS	StealthGas	Pair Corr
0.78	ESEA	Euroseas	Pair Corr
0.78	KEX	Kirby	Pair Corr
0.78	HSHP	Himalaya Shipping Symbol Change	Pair Corr
0.74	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.71	EHLD	Euroholdings Symbol Change	Pair Corr
0.71	DAC	Danaos	Pair Corr
0.71	SFL	SFL Corporation	Pair Corr
0.71	HAFN	Hafnia Limited	Pair Corr
0.7	NAT	Nordic American Tankers	Pair Corr
0.69	SB-PC	Safe Bulkers	Pair Corr
0.65	SB-PD	Safe Bulkers	Pair Corr
0.59	NMM	Navios Maritime Partners Earnings Call This Week	Pair Corr
0.56	DSX	Diana Shipping	Pair Corr
0.54	OP	Oceanpal	Pair Corr
0.53	ZIM	ZIM Integrated Shipping	Pair Corr
0.51	ASC	Ardmore Shpng	Pair Corr
0.37	GNK	Genco Shipping Trading	Pair Corr
0.81	SHIP	Seanergy Maritime	Pair Corr
0.76	PANL	Pangaea Logistic	Pair Corr
0.76	CCEC	Capital Clean Energy Symbol Change	Pair Corr
0.75	PSHG	Performance Shipping	Pair Corr
0.74	SBLK	Star Bulk Carriers	Pair Corr
0.72	SMHI	SEACOR Marine Holdings	Pair Corr
0.71	J	Jacobs Solutions	Pair Corr
0.7	CLCO	Cool Company	Pair Corr
0.68	USEA	United Maritime	Pair Corr
0.66	BWLP	BW LPG Limited	Pair Corr
0.63	DSX-PB	Diana Shipping	Pair Corr
0.59	CMRE-PC	Costamare	Pair Corr

Related Correlations Analysis

	SBGI	RDNT	MDXHF	CEBUY	PVARF	MFGCF
SBGI		0.05	0.0	0.0	-0.34	-0.02	SBGI
RDNT	0.05		0.0	0.0	0.39	-0.46	RDNT
MDXHF	0.0	0.0		-1.0	0.0	0.0	MDXHF
CEBUY	0.0	0.0	-1.0		0.0	0.0	CEBUY
PVARF	-0.34	0.39	0.0	0.0		0.02	PVARF
MFGCF	-0.02	-0.46	0.0	0.0	0.02		MFGCF
	SBGI	RDNT	MDXHF	CEBUY	PVARF	MFGCF

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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

PVARF	+ 0.39	RDNT
RDNT	+ 0.05	SBGI
MFGCF	+ 0.02	PVARF
MDXHF	+ 0.0	SBGI
CEBUY	+ 0.0	SBGI
MDXHF	+ 0.0	RDNT

High negative correlations

CEBUY	- 1.0	MDXHF
MFGCF	- 0.46	RDNT
PVARF	- 0.34	SBGI
MFGCF	- 0.02	SBGI
MFGCF	- 0.0	CEBUY
PVARF	- 0.0	CEBUY

Risk-Adjusted Indicators

There is a big difference between Uni Stock performing well and Uni Fuels 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 Uni Fuels' 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
SBGI	1.82	(0.06)	(0.02)	0.07	2.33	(1.80)	3.56	(3.80)	10.63
RDNT	1.78	(0.04)	0.00	0.10	2.02	(1.91)	3.65	(3.49)	9.65
MDXHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CEBUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PVARF	0.45	0.22	0.00	(67.90)	0.00	0.00	0.00	0.00	15.00
MFGCF	1.56	0.00	0.00	0.14	0.00	0.00	4.07	(5.47)	16.06

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