Ultralife Correlations

ULBI Stock

USD 8.69 0.14 1.59%

The current 90-days correlation between Ultralife and Espey Mfg Electronics is 0.07 (i.e., Significant diversification). The correlation of Ultralife 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.

Ultralife Correlation With Market

Weak diversification

The correlation between Ultralife and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultralife and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ultralife Stock

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

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

Moving together with Ultralife Stock

0.9	BE	Bloom Energy Corp	Pair Corr
0.87	KE	Kimball Electronics	Pair Corr
0.91	ELVA	Electrovaya Common Shares	Pair Corr
0.79	ENVX	Enovix Corp	Pair Corr
0.8	FCEL	FuelCell Energy	Pair Corr
0.88	AYI	Acuity Brands	Pair Corr
0.8	EAF	GrafTech International Earnings Call This Week	Pair Corr
0.94	ESP	Espey Mfg Electronics	Pair Corr
0.9	NVT	nVent Electric PLC	Pair Corr
0.92	SVT	Servotronics	Pair Corr
0.92	VRT	Vertiv Holdings Earnings Call This Week	Pair Corr
0.91	HUBB	Hubbell	Pair Corr
0.76	LTBR	Lightbridge Corp	Pair Corr
0.75	MVST	Microvast Holdings Buyout Trend	Pair Corr
0.63	OPTT	Ocean Power Technologies	Pair Corr
0.77	SLDPW	Solid Power	Pair Corr
0.73	MVSTW	Microvast Holdings	Pair Corr
0.9	PLPC	Preformed Line Products	Pair Corr
0.8	PLUG	Plug Power Buyout Trend	Pair Corr

Moving against Ultralife Stock

0.79	ENR	Energizer Holdings	Pair Corr
0.78	GWH	ESS Tech	Pair Corr
0.64	ELPW	Elong Power Holding	Pair Corr
0.55	GTI	Graphjet Technology	Pair Corr
0.39	EOSE	Eos Energy Enterprises Buyout Trend	Pair Corr
0.38	EPOW	Sunrise New Energy	Pair Corr
0.76	ADSEW	ADS TEC ENERGY	Pair Corr
0.71	GAUZ	Gauzy Ordinary	Pair Corr
0.47	LNKS	Linkers Industries	Pair Corr
0.45	STI	Solidion Technology	Pair Corr
0.9	OESX	Orion Energy Systems	Pair Corr
0.6	POLA	Polar Power	Pair Corr
0.49	ADSE	Ads Tec Energy	Pair Corr

Related Correlations Analysis

	ESP	PLPC	HAYW	FLUX	ENS	DSWL	TACT	UBFO
ESP		0.89	0.62	0.29	0.01	0.88	0.33	0.13	ESP
PLPC	0.89		0.44	0.2	-0.08	0.82	0.24	0.07	PLPC
HAYW	0.62	0.44		0.6	0.58	0.56	0.42	0.64	HAYW
FLUX	0.29	0.2	0.6		0.6	0.51	0.21	0.74	FLUX
ENS	0.01	-0.08	0.58	0.6		0.1	0.1	0.64	ENS
DSWL	0.88	0.82	0.56	0.51	0.1		0.26	0.29	DSWL
TACT	0.33	0.24	0.42	0.21	0.1	0.26		0.17	TACT
UBFO	0.13	0.07	0.64	0.74	0.64	0.29	0.17		UBFO
	ESP	PLPC	HAYW	FLUX	ENS	DSWL	TACT	UBFO

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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

PLPC	+ 0.89	ESP
DSWL	+ 0.88	ESP
DSWL	+ 0.82	PLPC
UBFO	+ 0.74	FLUX
UBFO	+ 0.64	HAYW
UBFO	+ 0.64	ENS

High negative correlations

ENS

- 0.08

PLPC

Risk-Adjusted Indicators

There is a big difference between Ultralife Stock performing well and Ultralife 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 Ultralife'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
ESP	2.04	0.84	0.37	5.05	1.33	(2.56)	5.91	(3.82)	14.85
PLPC	1.43	0.00	(0.01)	0.13	1.80	(1.42)	2.90	(2.93)	9.15
HAYW	1.44	0.11	0.10	0.22	1.31	(1.67)	3.88	(2.04)	8.95
FLUX	3.92	0.41	0.09	0.45	4.39	(4.63)	9.15	(7.69)	33.82
ENS	1.55	(0.06)	0.00	0.09	2.99	(1.57)	3.68	(2.68)	20.91
DSWL	1.64	0.45	0.16	(75.49)	1.43	(2.25)	3.93	(2.52)	10.75
TACT	2.56	(0.03)	(0.04)	(0.02)	2.93	(3.02)	5.62	(5.22)	12.79
UBFO	1.49	0.08	0.05	0.21	1.49	(1.67)	4.30	(2.40)	9.95

Ultralife Corporate Executives

Elected by the shareholders, the Ultralife's board of directors comprises two types of representatives: Ultralife inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ultralife. The board's role is to monitor Ultralife's management team and ensure that shareholders' interests are well served. Ultralife's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ultralife's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Philip Fain	CFO, Principal Accounting Officer, Treasurer and Secretary	Profile
	Philip CPA	Treasurer CFO	Profile

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