U Power Correlations

UCAR Stock

6.32 0.16 2.60%

The current 90-days correlation between U Power Limited and Advance Auto Parts is -0.08 (i.e., Good diversification). The correlation of U Power 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.

U Power Correlation With Market

Good diversification

The correlation between U Power Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U Power Limited 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 U Power Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with UCAR Stock

0.7	WEN	The Wendys	Pair Corr
0.62	JACK	Jack In	Pair Corr

Moving against UCAR Stock

0.57	ARHS	Arhaus Inc	Pair Corr
0.45	WING	Wingstop	Pair Corr
0.44	FND	Floor Decor Holdings	Pair Corr
0.44	HVT	Haverty Furniture	Pair Corr
0.43	WSM	Williams Sonoma	Pair Corr
0.39	DKS	Dicks Sporting Goods	Pair Corr
0.44	GAMB	Gambling Group	Pair Corr
0.41	LCID	Lucid Group Aggressive Push	Pair Corr
0.38	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr

Related Correlations Analysis

	AAP	TSCO	GPC	FIVE	WSM	ULTA	BBY	RH	DKS	WOOF
AAP		-0.12	0.47	-0.28	0.23	0.0	0.06	-0.05	0.74	-0.4	AAP
TSCO	-0.12		0.36	0.33	0.28	0.01	0.32	0.41	-0.02	0.64	TSCO
GPC	0.47	0.36		0.03	0.15	0.2	0.72	-0.2	0.69	-0.04	GPC
FIVE	-0.28	0.33	0.03		0.31	0.53	0.17	0.6	-0.2	0.73	FIVE
WSM	0.23	0.28	0.15	0.31		-0.1	-0.03	0.67	0.11	0.28	WSM
ULTA	0.0	0.01	0.2	0.53	-0.1		0.35	0.18	0.02	0.27	ULTA
BBY	0.06	0.32	0.72	0.17	-0.03	0.35		-0.26	0.45	0.15	BBY
RH	-0.05	0.41	-0.2	0.6	0.67	0.18	-0.26		-0.25	0.62	RH
DKS	0.74	-0.02	0.69	-0.2	0.11	0.02	0.45	-0.25		-0.32	DKS
WOOF	-0.4	0.64	-0.04	0.73	0.28	0.27	0.15	0.62	-0.32		WOOF
	AAP	TSCO	GPC	FIVE	WSM	ULTA	BBY	RH	DKS	WOOF

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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

DKS	+ 0.74	AAP
WOOF	+ 0.73	FIVE
BBY	+ 0.72	GPC
DKS	+ 0.69	GPC
RH	+ 0.67	WSM
WOOF	+ 0.64	TSCO

High negative correlations

WOOF	- 0.4	AAP
WOOF	- 0.32	DKS
FIVE	- 0.28	AAP
RH	- 0.26	BBY
DKS	- 0.25	RH
DKS	- 0.2	FIVE

Risk-Adjusted Indicators

There is a big difference between UCAR Stock performing well and U Power 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 U Power'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
AAP	2.41	(0.28)	0.00	(0.11)	0.00	0.00	5.43	(5.44)	15.49
TSCO	1.14	(0.05)	(0.04)	0.07	1.57	(1.18)	2.16	(2.25)	9.44
GPC	1.41	(0.28)	0.00	(0.11)	0.00	0.00	2.85	(2.36)	23.82
FIVE	2.55	0.35	0.05	(0.54)	2.79	(2.92)	5.40	(3.80)	16.58
WSM	2.01	0.41	0.15	2.47	1.72	(2.41)	3.41	(3.07)	29.71
ULTA	1.49	0.01	(0.02)	0.15	1.77	(1.59)	3.24	(3.24)	8.40
BBY	1.39	0.03	(0.03)	0.24	1.78	(1.38)	2.26	(3.09)	19.00
RH	2.17	0.49	0.26	0.63	1.51	(2.80)	4.95	(2.84)	29.32
DKS	1.49	(0.27)	0.00	(0.24)	0.00	0.00	2.97	(3.16)	7.73
WOOF	4.54	0.46	0.12	0.43	4.04	(5.84)	11.27	(6.93)	41.26

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