Univest Pennsylvania Correlations

UVSP Stock

USD 31.86 0.07 0.22%

The current 90-days correlation between Univest Pennsylvania and Mid Penn Bancorp is 0.85 (i.e., Very poor diversification). The correlation of Univest Pennsylvania 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.

Univest Pennsylvania Correlation With Market

Poor diversification

The correlation between Univest Pennsylvania and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Univest Pennsylvania and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Univest Stock

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

To learn how to invest in Univest Stock, please use our How to Invest in Univest Pennsylvania guide.

Moving together with Univest Stock

0.88	AX	Axos Financial	Pair Corr
0.95	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.81	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.67	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.91	NU	Nu Holdings Aggressive Push	Pair Corr
0.94	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.85	RF	Regions Financial Buyout Trend	Pair Corr
0.67	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.79	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.76	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.66	TECTP	Tectonic Financial	Pair Corr
0.86	TFC-PO	Truist Financial	Pair Corr
0.86	TFC-PR	Truist Financial	Pair Corr
0.93	CFG-PE	Citizens Financial	Pair Corr
0.93	CFG-PH	Citizens Financial Group,	Pair Corr
0.95	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.81	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.79	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.76	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.74	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.94	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.74	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.92	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.82	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.91	WNEB	Western New England Earnings Call This Week	Pair Corr
0.94	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	TCFC	HBCP
WSBF		0.35	0.67	0.68	0.66	0.59	0.71	0.72	0.0	0.69	WSBF
MPB	0.35		0.84	0.84	0.83	0.36	0.8	0.68	0.0	0.83	MPB
STBA	0.67	0.84		0.98	0.97	0.52	0.92	0.83	0.0	0.95	STBA
RBCAA	0.68	0.84	0.98		0.95	0.57	0.9	0.85	0.0	0.92	RBCAA
SMBC	0.66	0.83	0.97	0.95		0.44	0.93	0.82	0.0	0.95	SMBC
IROQ	0.59	0.36	0.52	0.57	0.44		0.49	0.6	0.0	0.54	IROQ
CBAN	0.71	0.8	0.92	0.9	0.93	0.49		0.77	0.0	0.92	CBAN
OPOF	0.72	0.68	0.83	0.85	0.82	0.6	0.77		0.0	0.85	OPOF
TCFC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TCFC
HBCP	0.69	0.83	0.95	0.92	0.95	0.54	0.92	0.85	0.0		HBCP
	WSBF	MPB	STBA	RBCAA	SMBC	IROQ	CBAN	OPOF	TCFC	HBCP

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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

RBCAA	+ 0.98	STBA
SMBC	+ 0.97	STBA
HBCP	+ 0.95	STBA
SMBC	+ 0.95	RBCAA
HBCP	+ 0.95	SMBC
CBAN	+ 0.93	SMBC

High negative correlations

HBCP	- 0.0	TCFC
TCFC	- 0.0	OPOF
TCFC	- 0.0	CBAN
TCFC	- 0.0	IROQ
TCFC	- 0.0	SMBC
TCFC	- 0.0	RBCAA

Risk-Adjusted Indicators

There is a big difference between Univest Stock performing well and Univest Pennsylvania 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 Univest Pennsylvania'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
WSBF	0.97	0.24	0.07	(1.07)	1.04	(1.08)	2.04	(1.68)	5.89
MPB	1.26	0.10	0.08	0.22	1.19	(1.46)	2.91	(2.36)	8.21
STBA	1.18	0.13	0.10	0.27	1.04	(1.44)	3.03	(1.95)	6.82
RBCAA	1.20	0.24	0.15	0.40	1.06	(1.34)	3.24	(2.12)	7.23
SMBC	1.14	0.12	0.09	0.24	1.19	(1.27)	2.77	(2.65)	10.10
IROQ	1.08	0.10	(0.01)	2.45	1.56	(1.22)	2.15	(2.60)	11.33
CBAN	1.40	0.19	0.14	0.30	1.18	(1.67)	3.34	(2.16)	7.75
OPOF	0.87	0.10	0.01	0.42	0.89	(1.01)	2.32	(1.68)	5.70
TCFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HBCP	1.35	0.28	0.23	0.34	0.85	(1.47)	3.01	(1.62)	14.27

Univest Pennsylvania Corporate Management

John Duerksen	Exec County	Profile
David Geibel	a Girard	Profile
Nicole Heverly	Senior Communications	Profile
Peter Miklos	Executive Leader	Profile
Theresa Fosko	Executive Officer	Profile

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