United Parcel Correlations

UPS Stock

USD 99.22 0.28 0.28%

The current 90-days correlation between United Parcel Service and JB Hunt Transport is -0.24 (i.e., Very good diversification). The correlation of United Parcel 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 Parcel Correlation With Market

Very weak diversification

The correlation between United Parcel Service and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Parcel Service and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with United Stock

0.88	EXPD	Expeditors International	Pair Corr
0.86	FDX	FedEx	Pair Corr
0.79	FLX	BingEx Downward Rally	Pair Corr
0.83	GXO	GXO Logistics	Pair Corr
0.79	FWRD	Forward Air	Pair Corr
0.77	PBI	Pitney Bowes	Pair Corr
0.61	HUBG	Hub Group	Pair Corr
0.74	JBHT	JB Hunt Transport	Pair Corr
0.78	LSTR	Landstar System	Pair Corr
0.74	AIRT	Air T Inc	Pair Corr
0.73	BTOC	Armlogi Holding Corp	Pair Corr
0.72	TOPP	Toppoint Holdings	Pair Corr
0.77	CHRW	CH Robinson Worldwide	Pair Corr
0.81	CYRX	Cryoport	Pair Corr
0.76	J	Jacobs Solutions	Pair Corr
0.79	R	Ryder System Earnings Call This Week	Pair Corr
0.7	AL	Air Lease	Pair Corr
0.61	AP	Ampco Pittsburgh	Pair Corr
0.73	AZ	A2Z Smart Technologies	Pair Corr
0.69	BA	Boeing	Pair Corr
0.81	BE	Bloom Energy Corp	Pair Corr

Moving against United Stock

0.75	NCEW	New Century Logistics	Pair Corr
0.57	LSH	Lakeside Holding	Pair Corr
0.57	PAL	Proficient Auto Logi	Pair Corr
0.48	G	Genpact Limited	Pair Corr
0.41	ZTO	ZTO Express	Pair Corr
0.33	HXHX	Haoxin Holdings	Pair Corr
0.32	JYD	Jayud Global Logistics	Pair Corr
0.32	ATXG	Addentax Group Corp	Pair Corr
0.75	NL	NL Industries	Pair Corr
0.56	GP	GreenPower Motor	Pair Corr
0.55	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD
JBHT		0.8	0.87	0.9	0.61	0.81	JBHT
EXPD	0.8		0.86	0.74	0.8	0.72	EXPD
CHRW	0.87	0.86		0.85	0.78	0.67	CHRW
HUBG	0.9	0.74	0.85		0.69	0.56	HUBG
LSTR	0.61	0.8	0.78	0.69		0.46	LSTR
FWRD	0.81	0.72	0.67	0.56	0.46		FWRD
	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD

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Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Parcel 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 Parcel'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
JBHT	1.62	0.26	0.05	(1.02)	1.83	(1.84)	3.61	(2.44)	13.63
EXPD	1.31	(0.17)	(0.07)	0.01	1.61	(1.51)	2.90	(2.52)	9.33
CHRW	1.16	(0.05)	(0.03)	0.08	1.22	(1.30)	2.33	(1.86)	10.74
HUBG	1.74	0.10	(0.03)	(0.34)	2.04	(1.77)	3.42	(3.28)	12.32
LSTR	1.36	(0.20)	0.00	(0.04)	0.00	0.00	2.88	(2.69)	8.87
FWRD	3.21	0.71	0.24	0.43	2.74	(3.63)	8.01	(4.99)	25.09

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