UOL Correlations

Pink Sheets . USA . 
Stock . UOL Group Ltd
UOLGY Stock  USD 19.92  0.05  0.25%   
The correlation of UOL 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 UOL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UOL Group 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.
Also, please take a look at World Market Map.
  
The ability to find closely correlated positions to UOL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UOL 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 UOL - 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 UOL Group to buy it.

Moving together with UOL

+0.76SUHJYSun Hung KaiPairCorr
+0.62CRBJYChina Resources LandPairCorr
+0.74CAOVFChina Overseas LandPairCorr
+0.64SOFISoFi Technologies Fiscal Quarter End 31st of March 2023 PairCorr
+0.61CAKEThe Cheesecake Factory Fiscal Quarter End 31st of March 2023 PairCorr

Moving against UOL

-0.59WFCNPWells FargoPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HNI
+ 0.6
NVST
HNI
+ 0.6
SKX
KDP
+ 0.56
NAPA
SKX
+ 0.49
NVST
COCO
+ 0.49
NVST
COCO
+ 0.04
HNI
  
High negative correlations   
COCO
- 0.77
NAPA
KDP
- 0.54
NVST
NAPA
- 0.53
NVST
KDP
- 0.41
COCO
KDP
- 0.39
SKX
NAPA
- 0.29
HNI

Risk-Adjusted Indicators

Nowadays, there is a big difference between UOL Pink Sheet performing well and UOL 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 UOL's multiple risk-adjusted performance indicators. 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
At Risk		Maximum
Drawdown
NVST 1.40  0.28  0.19  0.18  1.30  0.15 (1.70)  2.82 (2.07)  10.20 
BVDRF 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
SKX 1.33  0.16  0.07  0.06  2.00  0.08 (1.45)  3.45 (2.26)  13.72 
HNI 1.64 (0.01)  0.00 (0.10)  0.00 (0.0024)  0.00  2.87 (3.28)  14.77 
NAPA 1.34 (0.10)  0.00 (0.25)  0.00 (0.0373)  0.00  2.67 (2.95)  9.68 
COCO 1.90  0.58  0.30  1.19  1.71  0.24 (2.30)  6.29 (3.29)  15.18 
KDP 0.71 (0.05)  0.00 (0.18)  0.00 (0.0153)  0.00  1.14 (1.63)  5.07 

Be your own money manager

Our tools can tell you how much better you can do entering a position in UOL 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?

Run Equity Forecasting Now

   

Equity Forecasting

Use basic forecasting models to generate price predictions and determine price momentum
All  Next Launch Module

UOL Corporate Directors

UOL corporate directors refer to members of an UOL board of directors. The board of directors generally takes responsibility for the UOL's 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 UOL's board members must vote for the resolution. The UOL board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Tiong TanNon-Executive Independent DirectorProfile
Ee WeeNon-Executive Non-Independent DirectorProfile
Hon PoonNon-Executive Independent DirectorProfile
Pongsak HoontrakulIndependent Non-Executive DirectorProfile

Already Invested in UOL Group?

The danger of trading UOL Group 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 UOL 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 UOL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile UOL Group 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. Note that the UOL Group information on this page should be used as a complementary analysis to other UOL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for UOL Pink Sheet analysis

When running UOL Group price analysis, check to measure UOL's 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 UOL is operating at the current time. Most of UOL's value examination focuses on studying past and present price action to predict the probability of UOL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move UOL's price. Additionally, you may evaluate how the addition of UOL to your portfolios can decrease your overall portfolio volatility.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Money Managers
Screen money managers from public funds and ETFs managed around the world
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between UOL's value and its price as these two are different measures arrived at by different means. Investors typically determine UOL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UOL's 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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2023 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY