UF Games Correlations

UFG Stock

1.09 0.02 1.87%

The current 90-days correlation between UF Games SA and Bank Millennium SA is 0.24 (i.e., Modest diversification). The correlation of UF Games 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.

UF Games Correlation With Market

Average diversification

The correlation between UF Games SA and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UF Games SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to UF Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UF Games 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 UF Games - 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 UF Games SA to buy it.

Moving together with UFG Stock

0.8	PKN	Polski Koncern Naftowy	Pair Corr
0.79	ALE	Allegroeu SA	Pair Corr
0.66	PEO	Bank Polska Kasa	Pair Corr
0.71	CCE	Clean Carbon Energy	Pair Corr
0.83	VEE	Vee SA	Pair Corr

Moving against UFG Stock

0.79	CEZ	CEZ as	Pair Corr
0.7	DNP	Dino Polska SA	Pair Corr
0.47	UCG	UniCredit SpA	Pair Corr

Related Correlations Analysis

	MIL	CFS	QNT	LSI	XTB	IGT	UCG
MIL		-0.34	0.33	0.32	-0.03	0.13	-0.42	MIL
CFS	-0.34		-0.23	-0.55	0.57	-0.46	0.67	CFS
QNT	0.33	-0.23		0.34	0.17	0.15	-0.59	QNT
LSI	0.32	-0.55	0.34		-0.39	0.49	-0.75	LSI
XTB	-0.03	0.57	0.17	-0.39		-0.48	0.28	XTB
IGT	0.13	-0.46	0.15	0.49	-0.48		-0.48	IGT
UCG	-0.42	0.67	-0.59	-0.75	0.28	-0.48		UCG
	MIL	CFS	QNT	LSI	XTB	IGT	UCG

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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

UCG	+ 0.67	CFS
XTB	+ 0.57	CFS
IGT	+ 0.49	LSI
LSI	+ 0.34	QNT
QNT	+ 0.33	MIL
LSI	+ 0.32	MIL

High negative correlations

UCG	- 0.75	LSI
UCG	- 0.59	QNT
LSI	- 0.55	CFS
UCG	- 0.48	IGT
IGT	- 0.48	XTB
IGT	- 0.46	CFS

Risk-Adjusted Indicators

There is a big difference between UFG Stock performing well and UF Games 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 UF Games' 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
MIL	1.64	(0.09)	0.00	(0.43)	0.00	0.00	2.92	(3.40)	9.67
CFS	1.68	0.23	0.04	(14.82)	1.56	(3.01)	3.96	(2.83)	13.59
QNT	1.75	0.03	(0.01)	0.21	2.88	(7.29)	8.70	(8.18)	28.01
LSI	1.24	0.06	(0.04)	(0.19)	1.42	(2.09)	2.76	(2.68)	10.02
XTB	1.52	0.05	(0.02)	0.37	2.17	(1.55)	3.41	(2.85)	11.08
IGT	2.45	0.11	0.00	1.68	2.98	(4.89)	7.41	(7.14)	18.04
UCG	1.38	0.08	(0.05)	(0.04)	1.76	(1.92)	2.84	(4.30)	9.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in UF Games 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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