Uniper SE Correlations

0RJ4 Stock

43.19 1.36 3.05%

The correlation of Uniper SE 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.

Uniper SE Correlation With Market

Good diversification

The correlation between Uniper SE and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Uniper SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Uniper SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uniper SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Uniper SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Uniper SE to buy it.

Related Correlations Analysis

	BYIT	LIV	FCIT	0LJE	0I6U	0QZ5	SNT	MNKS
BYIT		-0.39	-0.38	0.72	-0.34	-0.34	0.3	-0.3	BYIT
LIV	-0.39		0.84	-0.47	0.3	0.41	0.61	0.81	LIV
FCIT	-0.38	0.84		-0.66	0.57	0.72	0.33	0.98	FCIT
0LJE	0.72	-0.47	-0.66		-0.49	-0.64	0.21	-0.63	0LJE
0I6U	-0.34	0.3	0.57	-0.49		0.84	-0.22	0.54	0I6U
0QZ5	-0.34	0.41	0.72	-0.64	0.84		-0.11	0.69	0QZ5
SNT	0.3	0.61	0.33	0.21	-0.22	-0.11		0.36	SNT
MNKS	-0.3	0.81	0.98	-0.63	0.54	0.69	0.36		MNKS
	BYIT	LIV	FCIT	0LJE	0I6U	0QZ5	SNT	MNKS

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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

MNKS	+ 0.98	FCIT
FCIT	+ 0.84	LIV
0QZ5	+ 0.84	0I6U
MNKS	+ 0.81	LIV
0LJE	+ 0.72	BYIT
0QZ5	+ 0.72	FCIT

High negative correlations

0LJE	- 0.66	FCIT
0QZ5	- 0.64	0LJE
MNKS	- 0.63	0LJE
0I6U	- 0.49	0LJE
0LJE	- 0.47	LIV
LIV	- 0.39	BYIT

Risk-Adjusted Indicators

There is a big difference between Uniper Stock performing well and Uniper SE 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 Uniper SE'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
BYIT	1.54	(0.05)	0.00	2.05	0.00	0.00	3.80	(4.15)	13.21
LIV	0.87	0.30	0.15	1.13	0.35	(1.64)	3.27	(0.90)	8.78
FCIT	0.58	0.10	0.00	0.47	0.48	(0.70)	1.40	(1.09)	2.97
0LJE	2.08	(0.37)	0.00	(0.10)	0.00	0.00	4.21	(4.42)	18.27
0I6U	1.70	0.07	0.01	0.23	2.04	(1.86)	4.35	(3.52)	9.74
0QZ5	0.92	0.01	(0.04)	0.15	1.17	(1.06)	1.94	(1.86)	9.58
SNT	2.26	0.65	0.09	(1.90)	2.08	(7.39)	6.90	(3.33)	30.54
MNKS	0.74	0.09	0.00	0.37	0.66	(0.96)	1.72	(1.34)	4.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Uniper SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Uniper SE Corporate Executives

Elected by the shareholders, the Uniper SE's board of directors comprises two types of representatives: Uniper SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Uniper. The board's role is to monitor Uniper SE's management team and ensure that shareholders' interests are well served. Uniper SE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Uniper SE's outside directors are responsible for providing unbiased perspectives on the board's policies.

MBA M	CFO Board	Profile
Jutta Donges	CFO Board	Profile
David Bryson	Chief COO	Profile
Holger Kreetz	COO Board	Profile

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