Ubiquiti Networks Correlations

UI Stock

USD 556.84 5.17 0.94%

The current 90-days correlation between Ubiquiti Networks and Nokia Corp ADR is 0.23 (i.e., Modest diversification). The correlation of Ubiquiti Networks 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.

Ubiquiti Networks Correlation With Market

Weak diversification

The correlation between Ubiquiti Networks and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubiquiti Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ubiquiti Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ubiquiti Networks. 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.

For more detail on how to invest in Ubiquiti Stock please use our How to Invest in Ubiquiti Networks guide.

Moving together with Ubiquiti Stock

0.76

MSFT

Microsoft

Pair Corr

Moving against Ubiquiti Stock

0.73	MTC	MMTEC Inc Tech Boost	Pair Corr
0.72	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.57	CSCO	Cisco Systems	Pair Corr
0.44	PPERF	Bank Mandiri Persero	Pair Corr
0.4	AAPL	Apple Inc	Pair Corr
0.37	NHIC	NewHold Investment Corp	Pair Corr
0.34	PTAIY	Astra International Tbk	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.55	JNJ	Johnson Johnson	Pair Corr
0.52	KO	Coca Cola Aggressive Push	Pair Corr
0.44	MCD	McDonalds	Pair Corr
0.42	MMM	3M Company	Pair Corr
0.42	WMT	Walmart Common Stock	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr
0.35	VZ	Verizon Communications	Pair Corr
0.31	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	NOK	MPWR	EA	TTWO	CLS	ERIC	XYZ	HPE	FICO	GRMN
NOK		0.45	0.56	-0.41	0.87	0.9	-0.43	-0.35	0.4	-0.62	NOK
MPWR	0.45		0.33	0.44	0.32	0.48	0.41	0.28	-0.06	0.31	MPWR
EA	0.56	0.33		-0.03	0.47	0.67	-0.39	-0.3	0.6	-0.27	EA
TTWO	-0.41	0.44	-0.03		-0.42	-0.29	0.79	0.53	-0.43	0.81	TTWO
CLS	0.87	0.32	0.47	-0.42		0.81	-0.53	-0.34	0.4	-0.73	CLS
ERIC	0.9	0.48	0.67	-0.29	0.81		-0.46	-0.41	0.43	-0.58	ERIC
XYZ	-0.43	0.41	-0.39	0.79	-0.53	-0.46		0.64	-0.57	0.89	XYZ
HPE	-0.35	0.28	-0.3	0.53	-0.34	-0.41	0.64		-0.33	0.65	HPE
FICO	0.4	-0.06	0.6	-0.43	0.4	0.43	-0.57	-0.33		-0.47	FICO
GRMN	-0.62	0.31	-0.27	0.81	-0.73	-0.58	0.89	0.65	-0.47		GRMN
	NOK	MPWR	EA	TTWO	CLS	ERIC	XYZ	HPE	FICO	GRMN

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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

ERIC	+ 0.9	NOK
GRMN	+ 0.89	XYZ
CLS	+ 0.87	NOK
GRMN	+ 0.81	TTWO
ERIC	+ 0.81	CLS
XYZ	+ 0.79	TTWO

High negative correlations

GRMN	- 0.73	CLS
GRMN	- 0.62	NOK
GRMN	- 0.58	ERIC
FICO	- 0.57	XYZ
XYZ	- 0.53	CLS
GRMN	- 0.47	FICO

Risk-Adjusted Indicators

There is a big difference between Ubiquiti Stock performing well and Ubiquiti Networks 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 Ubiquiti Networks' 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
NOK	2.05	0.47	0.16	0.65	2.41	(2.28)	3.47	(3.42)	31.94
MPWR	2.20	(0.01)	0.02	0.06	2.84	(2.27)	4.57	(4.46)	16.13
EA	0.62	0.24	0.29	0.69	0.16	(0.82)	0.58	(0.28)	15.20
TTWO	1.06	(0.08)	0.00	(0.07)	0.00	0.00	1.87	(1.84)	12.57
CLS	3.57	0.08	0.03	0.09	5.48	(3.19)	7.19	(7.56)	27.95
ERIC	1.32	0.28	0.18	0.38	1.21	(1.64)	2.90	(1.89)	25.04
XYZ	2.09	(0.35)	0.00	(0.12)	0.00	0.00	2.96	(5.28)	14.15
HPE	1.76	(0.10)	(0.02)	0.00	3.42	(1.43)	2.88	(4.15)	14.84
FICO	2.00	0.16	0.06	0.21	2.51	(2.23)	4.18	(2.95)	27.80
GRMN	1.20	(0.29)	0.00	(0.21)	0.00	0.00	2.10	(2.42)	15.12

Ubiquiti Networks Corporate Management

Rafael Torres	Independent Director	Profile
Brandon Arrindell	Independent Director	Profile
Hartley JD	Executive Affairs	Profile
Hartley Nisenbaum	Executive Affairs	Profile
John Sanford	Chief Officer	Profile

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