United States Correlations

X
 Stock
  

USD 25.85  0.16  0.62%   

The correlation of United States 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 United States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United States Steel 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 United States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United States 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 United States - 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 United States Steel to buy it.

Moving together with United States

+0.62CMCCommercial MetalsPairCorr
+0.88NUENucor CorpPairCorr
+0.62STLDSteel DynamicsPairCorr
+0.9AAAlcoa CorpPairCorr
+0.8ANDEAndersonsPairCorr
+0.67ARNCArconic CorpPairCorr
+0.61ATIAti IncPairCorr
+0.79BGBungePairCorr
+0.63CHKChesapeake Energy CorpPairCorr
+0.66CLFCleveland-CliffsPairCorr
+0.66CRSCarpenter Technology CorpPairCorr
+0.75CSTMConstellium SEPairCorr

Related Correlations

SBUX
IAG
NYT
DMLRY
NOC
CYTR
SBUX
0.80.840.470.30.54
SBUX
IAG
0.80.870.60.620.72
IAG
NYT
0.840.870.570.320.5
NYT
DMLRY
0.470.60.570.210.24
DMLRY
NOC
0.30.620.320.210.79
NOC
CYTR
0.540.720.50.240.79
CYTR
SBUX
IAG
NYT
DMLRY
NOC
CYTR
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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   
NYTIAG
NYTSBUX
IAGSBUX
CYTRNOC
CYTRIAG
NOCIAG
  

United States Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between United Stock performing well and United States 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 United States' 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 United States 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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United States Corporate Directors

United States corporate directors refer to members of an United States board of directors. The board of directors generally takes responsibility for the United States' 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 United States' board members must vote for the resolution. The United States board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael McGarry - Independent DirectorProfile
Patricia Dennis - Independent DirectorProfile
Patricia Tracey - Independent DirectorProfile
John Faraci - Independent DirectorProfile

Invested in United States Steel?

The danger of trading United States Steel 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 United States 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 United States. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile United States Steel 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.
Check out Your Current Watchlist. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for analysis

When running United States Steel price analysis, check to measure United States' 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 United States is operating at the current time. Most of United States' value examination focuses on studying past and present price action to predict the probability of United States' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move United States' price. Additionally, you may evaluate how the addition of United States to your portfolios can decrease your overall portfolio volatility.
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Is United States' 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 United States. If investors know United 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 United States 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
(0.73) 
Market Capitalization
6.1 B
Quarterly Revenue Growth YOY
(0.13) 
Return On Assets
0.15
Return On Equity
0.37
The market value of United States Steel is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United States' value that differs from its market value or its book value, called intrinsic value, which is United States' 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 United States' market value can be influenced by many factors that don't directly affect United States' 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 United States' value and its price as these two are different measures arrived at by different means. Investors typically determine United States value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United States' 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.