Universal Security Correlations

UUU Stock

USD 3.29 0.20 5.73%

The current 90-days correlation between Universal Security and ALT5 Sigma is 0.05 (i.e., Significant diversification). The correlation of Universal Security 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.

Universal Security Correlation With Market

Good diversification

The correlation between Universal Security Instruments 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 Universal Security Instruments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Universal Stock

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

Moving together with Universal Stock

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0.86	VSH	Vishay Intertechnology	Pair Corr
0.9	LASR	nLIGHT Inc	Pair Corr
0.87	LITE	Lumentum Holdings	Pair Corr
0.65	RGTIW	Rigetti Computing Trending	Pair Corr
0.74	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.93	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.88	RDWR	Radware	Pair Corr
0.64	RGTI	Rigetti Computing Trending	Pair Corr
0.79	AAOI	Applied Opt	Pair Corr
0.74	ADTN	ADTRAN Inc	Pair Corr
0.89	AVNW	Aviat Networks	Pair Corr
0.71	CRNT	Ceragon Networks	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.91	MU	Micron Technology	Pair Corr
0.78	MX	MagnaChip Semiconductor	Pair Corr
0.94	ON	ON Semiconductor	Pair Corr
0.8	VRRM	Verra Mobility Corp	Pair Corr
0.65	ENLV	Enlivex Therapeutics	Pair Corr
0.84	ADI	Analog Devices	Pair Corr
0.86	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.83	ARM	Arm Holdings plc	Pair Corr
0.78	FRGE	Forge Global Holdings	Pair Corr
0.69	GFS	Globalfoundries	Pair Corr

Moving against Universal Stock

0.71	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.65	QMCO	Quantum	Pair Corr
0.78	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	ALLE	ALTS	EVLVW	LDWY	LGMK	LMFA	OXBR	SPCB	VRME
ALLE		0.35	0.76	0.53	-0.68	0.8	0.77	0.44	0.45	ALLE
ALTS	0.35		0.63	0.85	-0.76	0.37	0.18	0.85	0.61	ALTS
EVLVW	0.76	0.63		0.8	-0.85	0.7	0.59	0.73	0.42	EVLVW
LDWY	0.53	0.85	0.8		-0.83	0.55	0.44	0.91	0.48	LDWY
LGMK	-0.68	-0.76	-0.85	-0.83		-0.61	-0.62	-0.79	-0.51	LGMK
LMFA	0.8	0.37	0.7	0.55	-0.61		0.68	0.57	0.45	LMFA
OXBR	0.77	0.18	0.59	0.44	-0.62	0.68		0.35	0.15	OXBR
SPCB	0.44	0.85	0.73	0.91	-0.79	0.57	0.35		0.54	SPCB
VRME	0.45	0.61	0.42	0.48	-0.51	0.45	0.15	0.54		VRME
	ALLE	ALTS	EVLVW	LDWY	LGMK	LMFA	OXBR	SPCB	VRME

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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

SPCB	+ 0.91	LDWY
LDWY	+ 0.85	ALTS
SPCB	+ 0.85	ALTS
LMFA	+ 0.8	ALLE
LDWY	+ 0.8	EVLVW
OXBR	+ 0.77	ALLE

High negative correlations

LGMK	- 0.85	EVLVW
LGMK	- 0.83	LDWY
SPCB	- 0.79	LGMK
LGMK	- 0.76	ALTS
LGMK	- 0.68	ALLE
OXBR	- 0.62	LGMK

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal Security 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 Universal Security'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
ALLE	1.07	0.16	0.14	0.28	0.86	(1.17)	2.87	(2.07)	12.63
ALTS	5.59	1.28	0.19	(2.39)	5.17	(6.72)	11.88	(8.38)	37.25
EVLVW	7.99	1.97	0.22	1.82	7.25	(10.37)	20.00	(11.54)	69.33
LDWY	2.92	0.46	0.06	(0.70)	3.72	(3.29)	7.39	(5.86)	24.73
LGMK	10.95	(3.93)	0.00	2.90	0.00	0.00	26.36	(27.78)	101.32
LMFA	6.56	1.59	0.31	1.04	4.71	(9.80)	23.81	(10.34)	41.27
OXBR	5.68	0.61	0.11	0.46	5.90	(7.31)	15.44	(9.80)	37.32
SPCB	4.39	0.89	0.13	(6.88)	5.02	(4.70)	10.92	(6.37)	31.08
VRME	2.56	0.10	0.02	0.25	3.17	(3.61)	6.49	(5.97)	30.60

Universal Security Corporate Executives

Elected by the shareholders, the Universal Security's board of directors comprises two types of representatives: Universal Security inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Universal. The board's role is to monitor Universal Security's management team and ensure that shareholders' interests are well served. Universal Security'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, Universal Security's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Huff

Chief Financial Officer, Treasurer, Secretary

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