Universal Correlations

UVV Stock

USD 52.05 1.60 2.98%

The current 90-days correlation between Universal and Turning Point Brands is 0.35 (i.e., Weak diversification). The correlation of Universal 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.

Universal Correlation With Market

Very weak diversification

The correlation between Universal and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Universal Stock

0.67

BRID

Bridgford Foods

Pair Corr

Moving against Universal Stock

0.36	BUD	Anheuser Busch Inbev	Pair Corr
0.42	VITL	Vital Farms	Pair Corr
0.41	VINE	Fresh Grapes LLC	Pair Corr
0.33	LW	Lamb Weston Holdings	Pair Corr

Related Correlations Analysis

	IMBBY	JAPAY	PM	TPB	BTI	IMBBF	MO
IMBBY		0.12	0.72	0.77	0.06	0.85	0.41	IMBBY
JAPAY	0.12		-0.19	-0.29	0.6	0.04	0.12	JAPAY
PM	0.72	-0.19		0.7	-0.05	0.68	0.48	PM
TPB	0.77	-0.29	0.7		-0.41	0.74	0.29	TPB
BTI	0.06	0.6	-0.05	-0.41		-0.1	0.46	BTI
IMBBF	0.85	0.04	0.68	0.74	-0.1		0.27	IMBBF
MO	0.41	0.12	0.48	0.29	0.46	0.27		MO
	IMBBY	JAPAY	PM	TPB	BTI	IMBBF	MO

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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

IMBBF	+ 0.85	IMBBY
TPB	+ 0.77	IMBBY
IMBBF	+ 0.74	TPB
PM	+ 0.72	IMBBY
TPB	+ 0.7	PM
IMBBF	+ 0.68	PM

High negative correlations

BTI	- 0.41	TPB
TPB	- 0.29	JAPAY
PM	- 0.19	JAPAY
IMBBF	- 0.1	BTI
BTI	- 0.05	PM

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal 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 Universal'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
IMBBY	0.79	0.21	0.05	1.81	0.70	(0.92)	1.64	(1.18)	7.84
JAPAY	0.91	0.05	(0.10)	0.54	0.96	(0.96)	2.31	(1.56)	7.25
PM	0.87	0.18	(0.04)	(0.36)	1.25	(0.86)	1.43	(1.84)	15.67
TPB	1.35	0.30	0.21	0.55	0.85	(1.70)	3.86	(1.85)	10.20
BTI	0.69	(0.02)	(0.14)	0.09	1.07	(0.65)	1.27	(1.32)	4.71
IMBBF	2.18	0.18	0.00	(5.58)	2.59	(2.36)	5.03	(5.02)	11.95
MO	0.76	0.12	(0.05)	3.79	0.71	(0.82)	1.37	(1.21)	8.92

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