U-Haul Holding Correlations

Stocks . USA . 
Stock . U Haul Holding
UHAL-B Stock   63.61  1.17  1.87%   
The current 90-days correlation between U Haul Holding and Molson Coors Brewing is -0.05 (i.e., Good diversification). The correlation of U-Haul Holding 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.

U-Haul Holding Correlation With Market

Weak diversification

The correlation between U Haul Holding and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U Haul Holding 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 Haul Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade U-Haul Stock refer to our How to Trade U-Haul Stock guide.

Moving together with U-Haul Stock

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  0.71TRTN-PD Triton InternationalPairCorr
  0.81UHAL U Haul HoldingPairCorr

Moving against U-Haul Stock

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  0.57AL Air LeasePairCorr
  0.54R Ryder SystemPairCorr
  0.52WLFC Willis Lease FinancePairCorr
  0.5CAR Avis Budget GroupPairCorr
  0.5HTZ Hertz Global HoldingsPairCorr
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  0.68G Genpact LimitedPairCorr
  0.63CTOS Custom Truck OnePairCorr
  0.6HEES HE Equipment ServicesPairCorr
  0.58ALTG-PA Alta Equipment GroupPairCorr
  0.5B Barnes GroupPairCorr
  0.46ALTG Alta Equipment GroupPairCorr
  0.44FTAIP Fortress TransportationPairCorr
  0.35J Jacobs SolutionsPairCorr
  0.73AZ A2Z Smart TechnologiesPairCorr
  0.71BE Bloom Energy CorpPairCorr

Related Correlations Analysis

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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   
TAP
+ 0.89
TPB
TPB
+ 0.67
PM
DAN
+ 0.61
ABEV
TAP
+ 0.5
PM
DAN
+ 0.49
WVVI
ABEV
+ 0.44
WVVI
  
High negative correlations   
TPB
- 0.78
WVVI
ABEV
- 0.74
TPB
ABEV
- 0.74
PM
TAP
- 0.71
WVVI
DAN
- 0.59
PM
DAN
- 0.57
TPB

Risk-Adjusted Indicators

There is a big difference between U-Haul Stock performing well and U-Haul Holding 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-Haul Holding'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.

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