UNITED INTERNET Correlations

UTDI Stock

26.90 0.28 1.05%

UNITED INTERNET's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.

Market Correlation Snapshot: UNITED INTERNET

Modest diversification

Across the chosen horizon, UTDI and DJI show a correlation of 0.26 and fall into the Modest diversification bucket. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

The correlation structure for UNITED INTERNET captures its relationship with related exposures. The figures are based on observed return co-movement across time frames. Substantially identical replacement restrictions may apply under certain wash sale rules.

Moving against UNITED Stock

0.36	JNJ	Johnson Johnson	Pair Corr
0.34	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	NY41	Clearway Energy	Pair Corr

Related Correlations Analysis

	NRM	6BC0	AF4	0UI	PZX	RGPB	4JP	UN9
NRM		0.0	-0.11	-0.29	0.36	0.16	0.38	0.38	NRM
6BC0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	6BC0
AF4	-0.11	0.0		0.46	-0.3	-0.05	-0.33	-0.33	AF4
0UI	-0.29	0.0	0.46		-0.71	-0.04	-0.57	-0.36	0UI
PZX	0.36	0.0	-0.3	-0.71		-0.04	0.56	0.33	PZX
RGPB	0.16	0.0	-0.05	-0.04	-0.04		0.35	0.51	RGPB
4JP	0.38	0.0	-0.33	-0.57	0.56	0.35		0.53	4JP
UN9	0.38	0.0	-0.33	-0.36	0.33	0.51	0.53		UN9
	NRM	6BC0	AF4	0UI	PZX	RGPB	4JP	UN9

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

4JP	+ 0.56	PZX
UN9	+ 0.53	4JP
UN9	+ 0.51	RGPB
0UI	+ 0.46	AF4
4JP	+ 0.38	NRM
UN9	+ 0.38	NRM

High negative correlations

PZX	- 0.71	0UI
4JP	- 0.57	0UI
UN9	- 0.36	0UI
UN9	- 0.33	AF4
4JP	- 0.33	AF4
PZX	- 0.3	AF4

Risk-Adjusted Indicators

Strong stock returns do not always mean UNITED INTERNET Company is outperforming its peers on a fundamental level. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UNITED INTERNET'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
NRM	0.62	0.02	0.02	1.86	1.58	-2.09	2.75	-1.35	13.91
6BC0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AF4	0.17	0.02	0.00	-0.98	0.00	0.00	0.64	-0.64	3.76
0UI	1.62	-0.02	0.00	-0.14	0.00	0.00	2.69	-3.70	9.09
PZX	1.35	0.00	0.00	-0.10	0.00	0.00	2.60	-2.70	8.37
RGPB	1.33	0.10	0.11	-1.19	1.53	-1.62	2.39	-2.72	17.49
4JP	1.69	0.10	0.07	2.17	2.31	-1.75	3.15	-3.62	10.17
UN9	1.38	0.00	0.00	-0.08	0.00	0.00	2.72	-2.86	8.54

Be your own money manager

Optimization tools can help investors judge whether capital allocated to UNITED INTERNET N is being used efficiently relative to other opportunities in the same equity universe. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.

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