Union Pacific Correlations

Stocks . USA . 
Stock . Union Pacific
UNP Stock  USD 213.20  3.33  1.54%   
The current 90-days correlation between Union Pacific and Canadian National Railway is 0.65 (i.e., Poor diversification). The correlation of Union Pacific 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Union Pacific Correlation With Market

Good diversification

The correlation between Union Pacific and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Pacific and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Union Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Pacific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Union Stock, please use our How to Invest in Union Pacific guide.

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Moving against Union Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Union Stock performing well and Union Pacific 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 Union Pacific'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.

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