| UVSP Stock | | | USD 27.17 0.97 3.45% |
The current 90-days correlation between Univest Pennsylvania and Prime Meridian Holding is 0.01 (i.e., Significant diversification). The correlation of Univest Pennsylvania 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.
Univest Pennsylvania Correlation With Market
Poor diversification
The correlation between Univest Pennsylvania and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Univest Pennsylvania and DJI in the same portfolio, assuming nothing else is changed.
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Univest Pennsylvania Corporate Management