Universal Logis Correlations

ULH
 Stock
  

USD 36.71  0.54  1.45%   

The correlation of Universal Logis is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Universal Logis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Logis Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Universal Logis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Logis 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 Universal Logis - 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 Universal Logis Holdings to buy it.

Moving together with Universal Logis

+0.83ODFLOld Dominion FreightPairCorr
+0.81TFIITfi InternationalPairCorr
+0.8KNXKnight-Swift TransporationPairCorr
+0.8SAIASaia IncPairCorr
+0.67YATRYYamato Holdings LPairCorr
+0.89SNDRSchneider NationalPairCorr
+0.82WERNWerner EnterprisePairCorr
+0.86ARCBArcbest CorpPairCorr
+0.75PKXPosco HoldingsPairCorr
+0.7KBKB Financial GroupPairCorr
+0.76SHGShinhan FinancialPairCorr
+0.81WFWoori Finance HoldingsPairCorr
+0.68TOYOFTOYOTA MOTOR CORPPairCorr
+0.78TMToyota Motor CorpPairCorr

Related Correlations

ODFL
KNX
YATRF
WERN
ARCB
ODFL
0.820.120.810.81
ODFL
KNX
0.820.30.940.81
KNX
YATRF
0.120.30.320.41
YATRF
WERN
0.810.940.320.82
WERN
ARCB
0.810.810.410.82
ARCB
ODFL
KNX
YATRF
WERN
ARCB
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
WERNKNX
KNXODFL
ARCBWERN
WERNODFL
ARCBODFL
ARCBKNX
  

Universal Logis Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Universal Stock performing well and Universal Logis company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Universal Logis' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Universal Logis 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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Universal Logis Corporate Directors

Universal Logis corporate directors refer to members of an Universal Logis board of directors. The board of directors generally takes responsibility for the Universal Logis' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Universal Logis' board members must vote for the resolution. The Universal Logis board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Frederick Calderone - DirectorProfile
H Wolfe - DirectorProfile
Ted Wahby - Independent DirectorProfile
Michael Regan - Independent DirectorProfile

Invested in Universal Logis Holdings?

The danger of trading Universal Logis Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Universal Logis is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Universal Logis. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Universal Logis Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for analysis

When running Universal Logis Holdings price analysis, check to measure Universal Logis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Universal Logis is operating at the current time. Most of Universal Logis' value examination focuses on studying past and present price action to predict the probability of Universal Logis' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Universal Logis' price. Additionally, you may evaluate how the addition of Universal Logis to your portfolios can decrease your overall portfolio volatility.
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Is Universal Logis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Universal Logis. If investors know Universal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Universal Logis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
3.84
Market Capitalization
964.6 M
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.12
Return On Equity
0.43
The market value of Universal Logis Holdings is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Logis' value that differs from its market value or its book value, called intrinsic value, which is Universal Logis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Universal Logis' market value can be influenced by many factors that don't directly affect Universal Logis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Universal Logis' value and its price as these two are different measures arrived at by different means. Investors typically determine Universal Logis value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Logis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.