United Parks Correlations

PRKS Stock

41.72 1.14 2.66%

The current 90-days correlation between United Parks Resorts and Harmony Gold Mining is 0.1 (i.e., Average diversification). The correlation of United Parks 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 Parks Correlation With Market

Very weak diversification

The correlation between United Parks Resorts and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Parks Resorts and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in United Parks Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with United Stock

0.79	H	Hyatt Hotels	Pair Corr
0.71	BH	Biglari Holdings	Pair Corr
0.62	SG	Sweetgreen	Pair Corr
0.67	WH	Wyndham Hotels Resorts	Pair Corr
0.81	WW	WW International	Pair Corr
0.9	DNUT	Krispy Kreme	Pair Corr
0.65	WING	Wingstop	Pair Corr
0.65	FLUT	Flutter Entertainment plc	Pair Corr
0.67	BYD	Boyd Gaming	Pair Corr
0.72	CCL	Carnival	Pair Corr
0.75	CMG	Chipotle Mexican Grill	Pair Corr
0.71	CUK	Carnival Plc ADS	Pair Corr
0.74	CZR	Caesars Entertainment	Pair Corr
0.67	DIN	Dine Brands Global	Pair Corr
0.9	FUN	Six Flags Entertainment	Pair Corr
0.77	FTDR	Frontdoor	Pair Corr
0.61	IHG	InterContinental Hotels	Pair Corr

Moving against United Stock

0.65	AGS	PlayAGS	Pair Corr
0.58	EJH	E Home Household	Pair Corr
0.54	EM	Smart Share Global	Pair Corr
0.54	DRI	Darden Restaurants	Pair Corr
0.34	DPZ	Dominos Pizza Common	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.57	QSR	Restaurant Brands	Pair Corr
0.46	LTH	Life Time Group	Pair Corr
0.41	LNW	Light Wonder	Pair Corr

Related Correlations Analysis

	ZIJMF	LAC	HGMCF	GNTX	LI	CHMN	KRMMF	MGMNF
ZIJMF		-0.4	0.6	-0.7	0.24	0.0	0.0	0.32	ZIJMF
LAC	-0.4		-0.64	0.69	-0.56	0.0	0.0	0.11	LAC
HGMCF	0.6	-0.64		-0.81	0.63	0.0	0.0	0.07	HGMCF
GNTX	-0.7	0.69	-0.81		-0.58	0.0	0.0	-0.28	GNTX
LI	0.24	-0.56	0.63	-0.58		0.0	0.0	0.16	LI
CHMN	0.0	0.0	0.0	0.0	0.0		1.0	0.0	CHMN
KRMMF	0.0	0.0	0.0	0.0	0.0	1.0		0.0	KRMMF
MGMNF	0.32	0.11	0.07	-0.28	0.16	0.0	0.0		MGMNF
	ZIJMF	LAC	HGMCF	GNTX	LI	CHMN	KRMMF	MGMNF

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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

KRMMF	+ 1.0	CHMN
GNTX	+ 0.69	LAC
LI	+ 0.63	HGMCF
HGMCF	+ 0.6	ZIJMF
MGMNF	+ 0.32	ZIJMF
LI	+ 0.24	ZIJMF

High negative correlations

GNTX	- 0.81	HGMCF
GNTX	- 0.7	ZIJMF
HGMCF	- 0.64	LAC
LI	- 0.58	GNTX
LI	- 0.56	LAC
LAC	- 0.4	ZIJMF

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Parks 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 Parks' 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
ZIJMF	2.42	0.36	0.16	0.55	2.47	(3.05)	4.71	(4.41)	15.28
LAC	2.79	(0.02)	0.00	(0.18)	0.00	0.00	6.62	(5.19)	18.06
HGMCF	2.26	0.56	0.00	11.78	0.00	0.00	14.75	(1.72)	38.00
GNTX	1.33	(0.27)	0.00	(0.61)	0.00	0.00	2.19	(3.55)	10.85
LI	3.11	0.11	0.04	(0.01)	3.49	(3.67)	6.20	(4.93)	24.14
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGMNF	3.20	0.30	0.05	0.03	3.85	(3.82)	7.77	(6.25)	17.07

United Parks Corporate Management

Marc Swanson	Chief Officer	Profile
Shekufeh Boyle	Chief Officer	Profile
William II	Chief Officer	Profile
James Forrester	Interim Treasurer	Profile
Bradley Gilmour	Park Cove	Profile
Jodi Davenport	Park Antonio	Profile

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