Universal Correlations

UVV Stock

USD 54.47 1.01 1.82%

The current 90-days correlation between Universal and Turning Point Brands is 0.18 (i.e., Average diversification). The correlation of Universal 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 Correlation With Market

Modest diversification

The correlation between Universal and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Universal Stock please use our How to Invest in Universal guide.

Moving together with Universal Stock

0.64	MO	Altria Group	Pair Corr
0.71	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.74	BUD	Anheuser Busch Inbev	Pair Corr
0.66	INGR	Ingredion Incorporated	Pair Corr
0.69	RKDA	Arcadia Biosciences	Pair Corr

Moving against Universal Stock

0.6	ISPR	Ispire Technology Common	Pair Corr
0.56	JBSS	John B Sanfilippo	Pair Corr
0.5	KLG	WK Kellogg	Pair Corr
0.44	TSN	Tyson Foods	Pair Corr
0.43	TAP	Molson Coors Brewing	Pair Corr
0.32	IMG	CIMG Inc Symbol Change	Pair Corr
0.45	PAVS	Paranovus Entertainment	Pair Corr
0.41	JZ	Jianzhi Education	Pair Corr
0.37	BRCC	BRC Inc	Pair Corr
0.31	KR	Kroger Company	Pair Corr

Related Correlations Analysis

	TPB	IMBBY	PM	BTI	NWN	BKH	UHT	LANC	SCL
TPB		-0.25	0.79	0.66	-0.58	-0.6	0.67	-0.3	0.8	TPB
IMBBY	-0.25		0.0	0.13	0.58	0.4	-0.02	0.28	-0.24	IMBBY
PM	0.79	0.0		0.83	-0.53	-0.58	0.78	-0.59	0.7	PM
BTI	0.66	0.13	0.83		-0.4	-0.64	0.89	-0.5	0.67	BTI
NWN	-0.58	0.58	-0.53	-0.4		0.78	-0.48	0.51	-0.46	NWN
BKH	-0.6	0.4	-0.58	-0.64	0.78		-0.7	0.4	-0.62	BKH
UHT	0.67	-0.02	0.78	0.89	-0.48	-0.7		-0.4	0.73	UHT
LANC	-0.3	0.28	-0.59	-0.5	0.51	0.4	-0.4		-0.25	LANC
SCL	0.8	-0.24	0.7	0.67	-0.46	-0.62	0.73	-0.25		SCL
	TPB	IMBBY	PM	BTI	NWN	BKH	UHT	LANC	SCL

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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

UHT	+ 0.89	BTI
BTI	+ 0.83	PM
SCL	+ 0.8	TPB
PM	+ 0.79	TPB
UHT	+ 0.78	PM
BKH	+ 0.78	NWN

High negative correlations

UHT	- 0.7	BKH
BKH	- 0.64	BTI
SCL	- 0.62	BKH
BKH	- 0.6	TPB
LANC	- 0.59	PM
BKH	- 0.58	PM

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal 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'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
TPB	1.85	0.48	0.18	1.39	1.85	(2.12)	2.55	(3.36)	31.44
IMBBY	1.06	0.04	(0.05)	(1.68)	1.94	(0.94)	2.05	(2.37)	9.86
PM	0.92	0.20	0.05	(71.28)	1.09	(0.94)	1.70	(2.24)	5.77
BTI	1.06	0.37	0.17	(1.46)	0.95	(1.22)	2.69	(1.59)	5.70
NWN	0.93	(0.04)	(0.10)	(0.01)	1.36	(0.91)	2.20	(1.94)	6.27
BKH	0.82	(0.01)	0.00	0.31	0.00	0.00	1.80	(1.79)	7.22
UHT	0.91	0.18	0.02	(0.94)	0.95	(0.99)	2.06	(1.73)	5.32
LANC	1.30	0.02	(0.04)	(0.04)	3.18	(1.14)	2.71	(2.02)	19.88
SCL	1.61	0.10	0.08	0.21	1.43	(1.93)	3.97	(2.58)	10.46

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