Urbana Correlations

URNAF Stock

USD 3.76 0.19 4.81%

The current 90-days correlation between Urbana and Federated Premier Municipal is 0.04 (i.e., Significant diversification). The correlation of Urbana 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.

Urbana Correlation With Market

Good diversification

The correlation between Urbana and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Urbana and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Urbana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Urbana 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 Urbana - 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 Urbana to buy it.

Moving against Urbana Pink Sheet

0.7	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.62	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.51	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.46	IVSXF	Investor AB	Pair Corr
0.33	IVSBF	Investor AB ser	Pair Corr
0.81	ORLY	OReilly Automotive	Pair Corr
0.73	ASTS	Ast Spacemobile	Pair Corr
0.66	CTLT	Catalent Sell-off Trend	Pair Corr
0.65	WLWHY	Woolworths Holdings	Pair Corr
0.62	PLTR	Palantir Technologies Upward Rally	Pair Corr
0.56	RF-PC	Regions Financial	Pair Corr
0.55	KMI	Kinder Morgan Sell-off Trend	Pair Corr
0.48	GAM	General American Inv	Pair Corr
0.43	CSLMU	Consilium Acquisition	Pair Corr
0.38	CRBP	Corbus Pharmaceuticals	Pair Corr
0.33	IBEX	IBEX Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	BSIG	FTF	MUI	MVF	FRA
FMN		0.93	0.57	0.15	0.56	0.23	0.86	0.84	0.85	0.14	FMN
MYD	0.93		0.64	0.01	0.53	0.24	0.94	0.9	0.93	0.13	MYD
DHIL	0.57	0.64		0.16	0.77	0.7	0.75	0.53	0.6	0.51	DHIL
NXG	0.15	0.01	0.16		0.17	0.03	0.04	-0.08	-0.11	-0.03	NXG
FHI	0.56	0.53	0.77	0.17		0.85	0.69	0.43	0.59	0.75	FHI
BSIG	0.23	0.24	0.7	0.03	0.85		0.41	0.13	0.35	0.89	BSIG
FTF	0.86	0.94	0.75	0.04	0.69	0.41		0.85	0.92	0.32	FTF
MUI	0.84	0.9	0.53	-0.08	0.43	0.13	0.85		0.87	0.03	MUI
MVF	0.85	0.93	0.6	-0.11	0.59	0.35	0.92	0.87		0.3	MVF
FRA	0.14	0.13	0.51	-0.03	0.75	0.89	0.32	0.03	0.3		FRA
	FMN	MYD	DHIL	NXG	FHI	BSIG	FTF	MUI	MVF	FRA

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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

FTF	+ 0.94	MYD
MYD	+ 0.93	FMN
MVF	+ 0.93	MYD
MVF	+ 0.92	FTF
MUI	+ 0.9	MYD
FRA	+ 0.89	BSIG

High negative correlations

MVF	- 0.11	NXG
MUI	- 0.08	NXG
FRA	- 0.03	NXG

Risk-Adjusted Indicators

There is a big difference between Urbana Pink Sheet performing well and Urbana 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 Urbana'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
FMN	0.42	0.14	0.13	1.39	0.25	(0.51)	0.88	(0.52)	3.13
MYD	0.33	0.09	0.05	0.66	0.25	(0.39)	0.74	(0.47)	2.66
DHIL	1.25	(0.05)	(0.03)	0.03	1.32	(1.57)	2.68	(2.46)	8.24
NXG	1.13	(0.06)	(0.03)	(0.01)	2.33	(1.01)	2.17	(3.39)	10.96
FHI	0.87	0.01	(0.01)	0.08	1.19	(0.88)	1.81	(1.67)	7.53
BSIG	1.54	(0.07)	(0.01)	0.03	2.23	(1.51)	3.23	(3.30)	11.36
FTF	0.53	0.07	0.04	0.24	0.55	(0.63)	1.10	(0.95)	3.77
MUI	0.21	0.07	(0.02)	(2.23)	0.00	(0.27)	0.40	(0.41)	1.31
MVF	0.40	0.09	0.05	0.85	0.35	(0.48)	0.95	(0.94)	2.22
FRA	0.58	(0.02)	(0.04)	0.04	0.96	(0.68)	1.32	(0.77)	6.50

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