UNITED INTERNET Correlations

UTDI Stock

24.36 0.28 1.14%

The current 90-days correlation between UNITED INTERNET N and Fevertree Drinks PLC is 0.06 (i.e., Significant diversification). The correlation of UNITED INTERNET 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.

UNITED INTERNET Correlation With Market

Good diversification

The correlation between UNITED INTERNET N and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNITED INTERNET N and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to UNITED INTERNET could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNITED INTERNET when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UNITED INTERNET - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UNITED INTERNET N to buy it.

Moving together with UNITED Stock

0.92	MSF	Microsoft	Pair Corr
0.92	MSF	Microsoft	Pair Corr
0.91	MSF	Microsoft	Pair Corr
0.92	MSF	Microsoft	Pair Corr
0.92	MSF	Microsoft	Pair Corr
0.9	AMZ	Amazon Inc	Pair Corr
0.8	SSU	Samsung Electronics	Pair Corr
0.76	SSUN	Samsung Electronics	Pair Corr
0.81	SSU	Samsung Electronics	Pair Corr
0.75	SSUN	Samsung Electronics	Pair Corr
0.86	E908	Lyxor 1	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr

Moving against UNITED Stock

0.81

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	XFB	PH4	28Y	FV8	SC3	1MA	AZU	0M7
XFB		0.84	0.6	0.75	0.67	0.9	0.71	0.73	XFB
PH4	0.84		0.7	0.68	0.52	0.76	0.79	0.78	PH4
28Y	0.6	0.7		0.81	0.72	0.72	0.76	0.38	28Y
FV8	0.75	0.68	0.81		0.88	0.91	0.73	0.35	FV8
SC3	0.67	0.52	0.72	0.88		0.86	0.54	0.28	SC3
1MA	0.9	0.76	0.72	0.91	0.86		0.72	0.54	1MA
AZU	0.71	0.79	0.76	0.73	0.54	0.72		0.44	AZU
0M7	0.73	0.78	0.38	0.35	0.28	0.54	0.44		0M7
	XFB	PH4	28Y	FV8	SC3	1MA	AZU	0M7

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Risk-Adjusted Indicators

There is a big difference between UNITED Stock performing well and UNITED INTERNET 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 UNITED INTERNET'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
XFB	2.10	0.69	0.36	0.99	1.30	(2.65)	4.65	(2.48)	17.95
PH4	3.99	1.51	0.29	11.11	3.15	(6.08)	10.71	(6.52)	25.15
28Y	1.22	0.19	0.02	(1.17)	1.31	(1.92)	2.79	(1.80)	12.11
FV8	1.55	0.16	0.05	0.39	1.71	(1.89)	3.34	(2.88)	10.46
SC3	1.55	0.38	0.17	(2.27)	1.06	(2.13)	4.05	(2.14)	13.57
1MA	1.56	0.52	0.21	(50.41)	1.23	(2.25)	4.76	(2.15)	13.16
AZU	0.87	0.11	(0.06)	(0.47)	0.76	(1.16)	2.19	(1.41)	4.76
0M7	1.94	0.15	0.01	0.42	2.26	(6.63)	6.25	(5.88)	16.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in UNITED INTERNET without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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