UOVEY Stock | | | USD 45.73 0.05 0.11% |
Generate correlation matrix for United Overseas and other related equities to check the degree to which United Overseas Bank price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for United Overseas Bank. To filter out specific equities, please toggle its corresponding legend item. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in United Overseas Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in income.
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Please note, there is a significant difference between United Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Overseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Overseas' 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.
Correlations
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 RGVNF | | STNT | ELGL | | STNT | AFFL | | STNT | ELGL | | RGVNF | AFFL | | RGVNF |
| | High negative correlations AFFL | | ELGL | AFFL | | RGVNF | ELGL | | RGVNF | AFFL | | STNT | ELGL | | STNT |
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Risk-Adjusted Indicators
There is a big difference between United Pink Sheet performing well and United Overseas 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 United Overseas' 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.