Unifi Correlations

UFI Stock

USD 4.65 0.02 0.43%

The current 90-days correlation between Unifi Inc and Albany International is -0.04 (i.e., Good diversification). The correlation of Unifi 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.

Unifi Correlation With Market

Good diversification

The correlation between Unifi Inc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unifi Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Unifi Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unifi Inc. 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 against Unifi Stock

0.57	FORD	Forward Industries	Pair Corr
0.41	EZGO	EZGO Technologies	Pair Corr
0.39	SKX	Skechers USA Earnings Call This Week	Pair Corr
0.36	FOSL	Fossil Group	Pair Corr
0.35	BZH	Beazer Homes USA	Pair Corr
0.33	LI	Li Auto	Pair Corr
0.32	H	Hyatt Hotels Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AIN	TRYIF	DXYN	CULP	TRYIY
AIN		0.56	0.0	0.58	0.55	AIN
TRYIF	0.56		0.0	0.52	0.86	TRYIF
DXYN	0.0	0.0		0.0	0.0	DXYN
CULP	0.58	0.52	0.0		0.53	CULP
TRYIY	0.55	0.86	0.0	0.53		TRYIY
	AIN	TRYIF	DXYN	CULP	TRYIY

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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

TRYIY	+ 0.86	TRYIF
CULP	+ 0.58	AIN
TRYIF	+ 0.56	AIN
TRYIY	+ 0.55	AIN
TRYIY	+ 0.53	CULP
CULP	+ 0.52	TRYIF

High negative correlations

TRYIY	- 0.0	DXYN
CULP	- 0.0	DXYN
DXYN	- 0.0	TRYIF
DXYN	- 0.0	AIN

Risk-Adjusted Indicators

There is a big difference between Unifi Stock performing well and Unifi 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 Unifi'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
AIN	1.22	(0.03)	(0.01)	0.10	1.66	(1.18)	3.02	(2.45)	9.44
TRYIF	0.82	0.34	0.00	(120.88)	0.00	0.00	0.00	0.00	28.37
DXYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULP	2.16	0.07	0.02	0.20	2.71	(2.19)	5.03	(3.68)	16.73
TRYIY	1.34	0.11	(0.01)	2.39	1.66	(1.47)	3.62	(3.24)	9.74

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