Uniti Correlations

UNIT Stock

USD 5.00 0.07 1.42%

The current 90-days correlation between Uniti Group and Gaming Leisure Properties is 0.54 (i.e., Very weak diversification). The correlation of Uniti 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.

Uniti Correlation With Market

Poor diversification

The correlation between Uniti Group and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Uniti Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Uniti Stock

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

Moving together with Uniti Stock

0.8	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.78	FR	First Industrial Realty	Pair Corr
0.86	PK	Park Hotels Resorts	Pair Corr
0.91	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.74	WY	Weyerhaeuser	Pair Corr
0.9	EQIX	Equinix Earnings Call This Week	Pair Corr
0.86	ESBA	Empire State Realty Earnings Call This Week	Pair Corr
0.87	ESRT	Empire State Realty	Pair Corr
0.7	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.74	FISK	Empire State Realty Earnings Call This Week	Pair Corr
0.82	AAT	American Assets Trust	Pair Corr
0.85	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.82	AHT	Ashford Hospitality Trust	Pair Corr
0.82	AIV	Apartment Investment and Earnings Call This Week	Pair Corr
0.91	AKR	Acadia Realty Trust	Pair Corr
0.7	ARE	Alexandria Real Estate	Pair Corr
0.9	AVB	AvalonBay Communities	Pair Corr
0.84	BDN	Brandywine Realty Trust	Pair Corr
0.79	BFS	Saul Centers	Pair Corr
0.65	BRT	BRT Realty Trust Earnings Call This Week	Pair Corr
0.82	BRX	Brixmor Property	Pair Corr
0.82	BXP	Boston Properties	Pair Corr

Moving against Uniti Stock

0.7	AMT	American Tower Corp	Pair Corr
0.63	CCI	Crown Castle	Pair Corr
0.52	ADC	Agree Realty	Pair Corr
0.35	AHR	American Healthcare REIT,	Pair Corr

Related Correlations Analysis

	DLR	IRM	GLPI	CCI	EQIX	LAMR	RYN	EPR	AFCG	NLCP
DLR		0.85	-0.26	-0.64	0.88	0.8	-0.15	-0.24	0.69	0.61	DLR
IRM	0.85		-0.22	-0.67	0.84	0.79	0.0	-0.35	0.7	0.69	IRM
GLPI	-0.26	-0.22		0.47	-0.1	-0.16	0.77	0.75	-0.06	0.22	GLPI
CCI	-0.64	-0.67	0.47		-0.74	-0.79	0.29	0.46	-0.81	-0.52	CCI
EQIX	0.88	0.84	-0.1	-0.74		0.92	0.13	-0.03	0.91	0.8	EQIX
LAMR	0.8	0.79	-0.16	-0.79	0.92		0.06	-0.09	0.91	0.74	LAMR
RYN	-0.15	0.0	0.77	0.29	0.13	0.06		0.69	0.15	0.4	RYN
EPR	-0.24	-0.35	0.75	0.46	-0.03	-0.09	0.69		0.01	0.18	EPR
AFCG	0.69	0.7	-0.06	-0.81	0.91	0.91	0.15	0.01		0.82	AFCG
NLCP	0.61	0.69	0.22	-0.52	0.8	0.74	0.4	0.18	0.82		NLCP
	DLR	IRM	GLPI	CCI	EQIX	LAMR	RYN	EPR	AFCG	NLCP

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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

LAMR	+ 0.92	EQIX
AFCG	+ 0.91	EQIX
AFCG	+ 0.91	LAMR
EQIX	+ 0.88	DLR
IRM	+ 0.85	DLR
EQIX	+ 0.84	IRM

High negative correlations

AFCG	- 0.81	CCI
LAMR	- 0.79	CCI
EQIX	- 0.74	CCI
CCI	- 0.67	IRM
CCI	- 0.64	DLR
NLCP	- 0.52	CCI

Risk-Adjusted Indicators

There is a big difference between Uniti Stock performing well and Uniti 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 Uniti'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
DLR	1.68	(0.03)	0.00	0.08	0.00	0.00	3.17	(3.78)	10.02
IRM	1.92	(0.20)	0.00	1.32	0.00	0.00	2.81	(5.68)	13.21
GLPI	0.98	0.04	0.00	(0.06)	0.00	0.00	1.76	(2.25)	6.75
CCI	1.50	0.21	0.18	(0.93)	1.91	(1.48)	2.75	(2.90)	16.04
EQIX	1.45	(0.07)	0.00	0.31	0.00	0.00	2.32	(3.36)	11.10
LAMR	1.69	(0.15)	0.00	1.26	0.00	0.00	2.67	(4.04)	14.59
RYN	1.19	(0.14)	0.00	0.74	0.00	0.00	2.48	(2.73)	9.58
EPR	1.35	0.05	0.11	(0.49)	1.74	(1.48)	2.38	(2.90)	10.06
AFCG	2.34	(0.30)	0.00	(0.36)	0.00	0.00	4.83	(7.00)	26.49
NLCP	1.45	(0.15)	0.00	(2.29)	0.00	0.00	3.27	(3.45)	12.07

Uniti Corporate Executives

Elected by the shareholders, the Uniti's board of directors comprises two types of representatives: Uniti inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Uniti. The board's role is to monitor Uniti's management team and ensure that shareholders' interests are well served. Uniti's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Uniti's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Friloux

Executive CTO

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