UL Solutions Correlations

ULS Stock

70.23 0.16 0.23%

The current 90-days correlation between UL Solutions and Gentex is -0.04 (i.e., Good diversification). The correlation of UL Solutions 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.

UL Solutions Correlation With Market

Modest diversification

The correlation between UL Solutions and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UL Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ULS Stock

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

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

Moving together with ULS Stock

0.8	DRVN	Driven Brands Holdings	Pair Corr
0.72	DXST	Decent Holding Ordinary	Pair Corr
0.82	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.85	KAR	KAR Auction Services	Pair Corr
0.85	STN	Stantec	Pair Corr
0.86	HDSN	Hudson Technologies	Pair Corr
0.63	ZONE	CleanCore Solutions	Pair Corr
0.62	TIXT	TELUS International	Pair Corr
0.87	TTEK	Tetra Tech	Pair Corr
0.84	CTAS	Cintas Earnings Call This Week	Pair Corr
0.71	J	Jacobs Solutions	Pair Corr
0.69	R	Ryder System Earnings Call This Week	Pair Corr
0.97	AL	Air Lease	Pair Corr
0.84	AP	Ampco Pittsburgh	Pair Corr
0.73	AZ	A2Z Smart Technologies	Pair Corr
0.83	BA	Boeing	Pair Corr
0.9	BV	BrightView Holdings	Pair Corr
0.78	BW	Babcock Wilcox Enter	Pair Corr
0.9	BZ	Kanzhun Ltd ADR	Pair Corr
0.84	CP	Canadian Pacific Railway	Pair Corr
0.87	CR	Crane Company	Pair Corr

Moving against ULS Stock

0.87	CDTG	CDT Environmental	Pair Corr
0.83	VIRC	Virco Manufacturing	Pair Corr
0.54	NL	NL Industries	Pair Corr
0.43	DSS	DSS Inc	Pair Corr
0.38	AXR	AMREP	Pair Corr
0.85	MG	Mistras Group	Pair Corr
0.47	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	CARS	GNTX	EGP	CHMN	DOOO	ADNT	IPCXU
CARS		0.46	-0.19	0.0	0.29	0.46	0.32	CARS
GNTX	0.46		0.29	0.0	0.34	0.64	-0.05	GNTX
EGP	-0.19	0.29		0.0	0.59	0.55	-0.05	EGP
CHMN	0.0	0.0	0.0		0.0	0.0	0.0	CHMN
DOOO	0.29	0.34	0.59	0.0		0.9	0.62	DOOO
ADNT	0.46	0.64	0.55	0.0	0.9		0.47	ADNT
IPCXU	0.32	-0.05	-0.05	0.0	0.62	0.47		IPCXU
	CARS	GNTX	EGP	CHMN	DOOO	ADNT	IPCXU

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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

ADNT	+ 0.9	DOOO
ADNT	+ 0.64	GNTX
IPCXU	+ 0.62	DOOO
DOOO	+ 0.59	EGP
ADNT	+ 0.55	EGP
IPCXU	+ 0.47	ADNT

High negative correlations

EGP	- 0.19	CARS
IPCXU	- 0.05	EGP
IPCXU	- 0.05	GNTX
IPCXU	- 0.0	CHMN
ADNT	- 0.0	CHMN
DOOO	- 0.0	CHMN

Risk-Adjusted Indicators

There is a big difference between ULS Stock performing well and UL Solutions 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 UL Solutions' 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
CARS	1.95	0.11	0.03	0.26	2.79	(2.03)	4.33	(3.80)	13.59
GNTX	1.25	0.17	0.01	(0.66)	1.23	(1.53)	2.51	(2.38)	8.03
EGP	0.88	0.00	(0.03)	0.13	1.18	(0.83)	1.88	(2.35)	6.01
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DOOO	1.93	0.28	0.14	0.35	1.87	(2.19)	4.42	(2.95)	16.13
ADNT	2.34	1.22	0.58	(3.80)	0.98	(3.03)	6.70	(2.69)	13.27
IPCXU	0.32	0.08	(0.11)	(8.44)	0.10	(0.46)	0.86	(0.67)	2.91

UL Solutions Corporate Management

Diana Coso	Interim VP	Profile
Kathleen Fieweger	Senior Communications	Profile
Linda Chapin	Executive Officer	Profile
Upayan Sengupta	Senior Consumer	Profile
Lynn Hancock	Executive Officer	Profile
John Genovesi	Executive Advisory	Profile
Scott DAngelo	Executive officer,	Profile

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