Unit Correlations
| UNTCW Stock | USD 0.60 0.06 9.09% |
The current 90-days correlation between Unit and Unit Corporation is -0.05 (i.e., Good diversification). The correlation of Unit 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.
Unit Correlation With Market
Good diversification
The correlation between Unit Corp. and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unit Corp. and DJI in the same portfolio, assuming nothing else is changed.
Unit |
The ability to find closely correlated positions to Unit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unit 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 Unit - 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 Unit Corporation to buy it.
Moving against Unit Pink Sheet
| 0.64 | SHG | Shinhan Financial | PairCorr |
| 0.51 | PBCRF | PT Bank Central | PairCorr |
| 0.46 | TTE | TotalEnergies SE ADR Sell-off Trend | PairCorr |
| 0.44 | TTFNF | TotalEnergies SE | PairCorr |
| 0.43 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
| 0.4 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.4 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.39 | RYDAF | Shell PLC | PairCorr |
| 0.37 | SHEL | Shell PLC ADR | PairCorr |
| 0.37 | BKRKY | Bank Rakyat | PairCorr |
| 0.34 | PTBRY | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
| 0.19 | 0.2 | 0.05 | -0.17 | UNTC | ||
| 0.19 | -0.75 | 0.42 | 0.08 | POSAF | ||
| 0.2 | -0.75 | -0.23 | -0.11 | PDER | ||
| 0.05 | 0.42 | -0.23 | -0.33 | DODRW | ||
| -0.17 | 0.08 | -0.11 | -0.33 | SBSAA | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Unit Pink Sheet performing well and Unit 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 Unit'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UNTC | 1.76 | 0.22 | 0.03 | (0.28) | 2.15 | 3.73 | 9.89 | |||
| POSAF | 4.90 | (0.35) | 0.00 | 0.59 | 0.00 | 10.68 | 34.44 | |||
| PDER | 0.78 | 0.14 | 0.06 | (13.44) | 0.57 | 2.18 | 5.50 | |||
| DODRW | 45.17 | 13.96 | 0.31 | (1.06) | 29.59 | 100.00 | 473.30 | |||
| SBSAA | 7.82 | 0.51 | 0.01 | (0.16) | 10.04 | 29.58 | 69.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Unit 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.Did you try this?
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Unit Corporate Management
| Andrew Harding | Sec VP | Profile | |
| James White | VP HR | Profile | |
| John Cromling | Ex Company | Profile | |
| Michael Earl | VP Relations | Profile | |
| Philip Smith | Pres Chairman | Profile | |
| Christopher Menefee | Pres Company | Profile | |
| April Adler | Assistant Sec | Profile |