Ubiquiti Networks Correlations
| UI Stock | USD 116.65 0.77 0.66% |
The correlation of Ubiquiti Networks 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 Ubiquiti Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ubiquiti Networks 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ubiquiti Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. Ubiquiti |
The ability to find closely correlated positions to Ubiquiti Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ubiquiti Networks 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 Ubiquiti Networks - 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 Ubiquiti Networks to buy it.
Moving together with Ubiquiti Stock
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| + | 0.66 | ZD | Ziff Davis | Fiscal Quarter End 31st of December 2023 | PairCorr | |
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| + | 0.86 | PTAIF | PT Astra International | PairCorr | ||
| + | 0.76 | BKRKF | PT Bank Rakyat | PairCorr | ||
| + | 0.8 | BKRKY | Bank Rakyat | PairCorr | ||
| + | 0.64 | TLK | Telkom Indonesia Tbk | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.63 | TLKMF | Telkom Indonesia Tbk | PairCorr | ||
| + | 0.62 | PPERY | Bank Mandiri Persero | PairCorr | ||
| + | 0.7 | DD | Dupont De Nemours | Fiscal Quarter End 31st of December 2023 | PairCorr |
Moving against Ubiquiti Stock
| - | 0.66 | EC | Ecopetrol SA ADR | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.51 | MSFT | Microsoft | Aggressive Push | PairCorr | |
| - | 0.52 | TRV | The Travelers Companies | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
KN | DZSI | EXTR | FEIM | ||
KN | 0.13 | -0.24 | 0.28 | KN | |
DZSI | 0.13 | 0.8 | -0.65 | DZSI | |
EXTR | -0.24 | 0.8 | -0.78 | EXTR | |
FEIM | 0.28 | -0.65 | -0.78 | FEIM | |
KN | DZSI | EXTR | FEIM |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Ubiquiti Stock performing well and Ubiquiti Networks 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 Ubiquiti Networks' 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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| KN | 1.47 | 0.00 | 0.00 | 0.00 | 1.41 | 0.0006 | (2.03) | 3.13 | (1.90) | 20.13 | |
| DZSI | 4.86 | (0.44) | 0.00 | (0.15) | 0.00 | (0.06) | 0.00 | 7.97 | (9.72) | 54.60 | |
| EXTR | 2.10 | (0.62) | 0.00 | (0.73) | 0.00 | (0.21) | 0.00 | 4.14 | (4.66) | 18.02 | |
| FEIM | 1.69 | 0.64 | 0.32 | 3.04 | 1.26 | 0.26 | (1.90) | 5.66 | (2.91) | 12.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ubiquiti Networks 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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Ubiquiti Networks Corporate Management
Elected by the shareholders, the Ubiquiti Networks' board of directors comprises two types of representatives: Ubiquiti Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ubiquiti. The board's role is to monitor Ubiquiti Networks' management team and ensure that shareholders' interests are well served. Ubiquiti Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ubiquiti Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rafael Torres | Independent Director | Profile | |
| Brandon Arrindell | Independent Director | Profile | |
| Hartley Nisenbaum | Ex Affairs | Profile | |
| John Sanford | Chief Officer | Profile | |
| Laura Kiernan | VP Relations | Profile |
Already Invested in Ubiquiti Networks?
The danger of trading Ubiquiti Networks 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 Ubiquiti Networks 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 Ubiquiti Networks. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ubiquiti Networks 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.
When determining whether Ubiquiti Networks offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ubiquiti Networks' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ubiquiti Networks Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ubiquiti Networks Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ubiquiti Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Ubiquiti Stock please use our How to Invest in Ubiquiti Networks guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Ubiquiti Stock analysis
When running Ubiquiti Networks' price analysis, check to measure Ubiquiti Networks' 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 Ubiquiti Networks is operating at the current time. Most of Ubiquiti Networks' value examination focuses on studying past and present price action to predict the probability of Ubiquiti Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ubiquiti Networks' price. Additionally, you may evaluate how the addition of Ubiquiti Networks to your portfolios can decrease your overall portfolio volatility.
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Is Ubiquiti Networks' 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 Ubiquiti Networks. If investors know Ubiquiti 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 Ubiquiti Networks 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 (0.06) | Dividend Share 2.4 | Earnings Share 6.65 | Revenue Per Share 31.527 | Quarterly Revenue Growth (0.07) |
The market value of Ubiquiti Networks is measured differently than its book value, which is the value of Ubiquiti that is recorded on the company's balance sheet. Investors also form their own opinion of Ubiquiti Networks' value that differs from its market value or its book value, called intrinsic value, which is Ubiquiti Networks' 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 Ubiquiti Networks' market value can be influenced by many factors that don't directly affect Ubiquiti Networks' 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 Ubiquiti Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ubiquiti Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ubiquiti Networks' 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.