Ufp Industries Correlations

UFPI Stock

USD 91.78 0.66 0.71%

The current 90-days correlation between Ufp Industries and West Fraser Timber is 0.69 (i.e., Poor diversification). The correlation of Ufp Industries 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.

Ufp Industries Correlation With Market

Very weak diversification

The correlation between Ufp Industries and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ufp Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ufp Stock

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

For more detail on how to invest in Ufp Stock please use our How to Invest in Ufp Industries guide.

Moving together with Ufp Stock

0.81	NX	Quanex Building Products	Pair Corr
0.85	OC	Owens Corning	Pair Corr
0.77	300986	Jiangxi GETO New	Pair Corr
0.91	FBIN	Fortune Brands Innov	Pair Corr
0.81	APOLLOPIPE	Apollo Pipes Limited	Pair Corr
0.86	CSW	CSW Industrials, Symbol Change	Pair Corr
0.73	LII	Lennox International	Pair Corr
0.72	NCL	Northann Corp	Pair Corr
0.73	SSD	Simpson Manufacturing Earnings Call Today	Pair Corr
0.65	000619	Wuhu Conch Profiles	Pair Corr
0.61	EMB	Embelton	Pair Corr
0.72	JELD	Jeld Wen Holding Earnings Call This Week	Pair Corr

Moving against Ufp Stock

0.81	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.65	002918	Monalisa Group	Pair Corr
0.38	AWI	Armstrong World Indu Earnings Call Tomorrow	Pair Corr
0.38	JCI	Johnson Controls Int	Pair Corr
0.62	002084	Guangzhou Seagull Kitchen	Pair Corr
0.56	WXM	WF International	Pair Corr
0.43	ZWS	Zurn Elkay Water Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	WFG	LPX	AXTA	EGO	SSRM	ESI	NGD	BCPC	BVN	CE
WFG		0.76	0.81	-0.36	-0.35	0.12	-0.35	0.64	-0.63	0.33	WFG
LPX	0.76		0.69	-0.34	-0.25	0.15	-0.27	0.64	-0.43	0.08	LPX
AXTA	0.81	0.69		-0.27	-0.17	0.31	-0.21	0.8	-0.57	0.25	AXTA
EGO	-0.36	-0.34	-0.27		0.97	0.71	0.98	-0.53	0.89	-0.7	EGO
SSRM	-0.35	-0.25	-0.17	0.97		0.76	0.99	-0.42	0.87	-0.76	SSRM
ESI	0.12	0.15	0.31	0.71	0.76		0.77	-0.07	0.5	-0.48	ESI
NGD	-0.35	-0.27	-0.21	0.98	0.99	0.77		-0.49	0.9	-0.73	NGD
BCPC	0.64	0.64	0.8	-0.53	-0.42	-0.07	-0.49		-0.72	0.2	BCPC
BVN	-0.63	-0.43	-0.57	0.89	0.87	0.5	0.9	-0.72		-0.7	BVN
CE	0.33	0.08	0.25	-0.7	-0.76	-0.48	-0.73	0.2	-0.7		CE
	WFG	LPX	AXTA	EGO	SSRM	ESI	NGD	BCPC	BVN	CE

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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

NGD	+ 0.99	SSRM
NGD	+ 0.98	EGO
SSRM	+ 0.97	EGO
BVN	+ 0.9	NGD
BVN	+ 0.89	EGO
BVN	+ 0.87	SSRM

High negative correlations

CE	- 0.76	SSRM
CE	- 0.73	NGD
BVN	- 0.72	BCPC
CE	- 0.7	BVN
CE	- 0.7	EGO
BVN	- 0.63	WFG

Risk-Adjusted Indicators

There is a big difference between Ufp Stock performing well and Ufp Industries 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 Ufp Industries' 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
WFG	1.41	(0.19)	0.00	(0.09)	0.00	0.00	3.31	(2.69)	8.70
LPX	1.73	(0.04)	0.01	0.05	1.89	(2.08)	4.27	(3.14)	13.25
AXTA	1.32	(0.14)	0.00	(0.01)	0.00	0.00	2.71	(2.67)	7.47
EGO	2.01	0.40	0.10	(4.92)	2.99	(2.09)	4.16	(3.88)	16.57
SSRM	2.43	0.92	0.27	1.47	2.63	(2.84)	4.81	(4.11)	26.66
ESI	1.41	0.02	0.04	0.08	1.85	(1.50)	3.43	(2.41)	11.42
NGD	1.99	0.59	0.14	1.97	3.10	(2.20)	3.87	(5.93)	16.51
BCPC	1.02	0.03	0.00	0.13	1.00	(1.24)	2.43	(1.85)	4.74
BVN	1.84	0.36	0.10	1.85	2.56	(1.88)	4.45	(2.90)	17.93
CE	2.50	(0.57)	0.00	(0.18)	0.00	0.00	4.95	(5.76)	15.88

Ufp Industries Corporate Management

CPA CPA	CEO Director	Profile
David Tutas	General Officer	Profile
CPA CMA	CFO Treasurer	Profile
Paul Guerre	Corporate Compliance	Profile
Chad UhligEastin	Executive ProWood	Profile

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