Urban One Correlations

UONE Stock

USD 1.80 0.01 0.56%

The current 90-days correlation between Urban One and Urban One Class is 0.04 (i.e., Significant diversification). The correlation of Urban One 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.

Urban One Correlation With Market

Weak diversification

The correlation between Urban One and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urban One and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Urban Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban One. 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.

For information on how to trade Urban Stock refer to our How to Trade Urban Stock guide.

Moving together with Urban Stock

0.82	SE	Sea	Pair Corr
0.69	TC	TuanChe ADR	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.71	FOX	Fox Corp Class	Pair Corr
0.76	IAS	Integral Ad Science	Pair Corr
0.63	LYV	Live Nation Entertainment	Pair Corr
0.72	IMAX	Imax Corp Earnings Call This Week	Pair Corr
0.66	FWONA	Liberty Media	Pair Corr
0.63	FWONK	Liberty Media	Pair Corr
0.69	MSGE	Madison Square Garden	Pair Corr
0.63	NEXN	Nexxen International	Pair Corr
0.74	NXST	Nexstar Broadcasting	Pair Corr

Moving against Urban Stock

0.45	XHLD	TEN Holdings, Common	Pair Corr
0.41	WIMI	WiMi Hologram Cloud	Pair Corr
0.39	BOC	Boston Omaha Corp	Pair Corr
0.38	KUKE	Kuke Music Holding	Pair Corr
0.36	SWAGW	Software Acquisition	Pair Corr
0.31	FLNT	Fluent Inc	Pair Corr
0.65	NCMI	National CineMedia	Pair Corr
0.42	STGW	Stagwell	Pair Corr

Related Correlations Analysis

	UONEK	SJ	SGA	MDIA	IHRT	CARV	BYFC	OXBR	LMFA
UONEK		-0.03	0.68	0.43	0.6	0.38	0.0	0.41	0.42	UONEK
SJ	-0.03		-0.32	-0.28	-0.4	-0.41	-0.45	-0.16	-0.31	SJ
SGA	0.68	-0.32		0.56	0.92	0.76	0.57	0.7	0.8	SGA
MDIA	0.43	-0.28	0.56		0.6	0.55	0.36	0.19	0.26	MDIA
IHRT	0.6	-0.4	0.92	0.6		0.82	0.53	0.66	0.77	IHRT
CARV	0.38	-0.41	0.76	0.55	0.82		0.65	0.65	0.76	CARV
BYFC	0.0	-0.45	0.57	0.36	0.53	0.65		0.61	0.65	BYFC
OXBR	0.41	-0.16	0.7	0.19	0.66	0.65	0.61		0.68	OXBR
LMFA	0.42	-0.31	0.8	0.26	0.77	0.76	0.65	0.68		LMFA
	UONEK	SJ	SGA	MDIA	IHRT	CARV	BYFC	OXBR	LMFA

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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

IHRT	+ 0.92	SGA
CARV	+ 0.82	IHRT
LMFA	+ 0.8	SGA
LMFA	+ 0.77	IHRT
CARV	+ 0.76	SGA
LMFA	+ 0.76	CARV

High negative correlations

BYFC	- 0.45	SJ
CARV	- 0.41	SJ
IHRT	- 0.4	SJ
SGA	- 0.32	SJ
LMFA	- 0.31	SJ
MDIA	- 0.28	SJ

Risk-Adjusted Indicators

There is a big difference between Urban Stock performing well and Urban One 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 Urban One'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
UONEK	5.18	0.39	0.05	0.50	6.38	(6.05)	10.64	(11.27)	47.86
SJ	4.89	0.31	0.04	0.64	5.60	(5.96)	14.44	(10.68)	30.31
SGA	1.50	0.26	0.06	1.53	2.01	(1.55)	3.37	(3.12)	12.54
MDIA	4.98	0.21	0.03	0.49	4.96	(6.39)	11.21	(8.55)	33.79
IHRT	3.37	0.77	0.20	0.84	3.34	(4.19)	9.09	(5.69)	18.76
CARV	3.81	1.07	0.23	(11.18)	3.31	(4.84)	11.69	(6.62)	23.17
BYFC	2.05	0.52	0.12	(0.61)	2.14	(2.93)	5.40	(3.08)	17.60
OXBR	5.68	0.61	0.11	0.46	5.90	(7.31)	15.44	(9.80)	37.32
LMFA	6.56	1.59	0.31	1.04	4.71	(9.80)	23.81	(10.34)	41.27

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