Itau Unibanco Holding S.A. American Depositary Shares (ITUB) Correlation Distribution
Across 6,809 rolling correlation observations between Itau Unibanco Holding S.A. American Depositary Shares (ITUB) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.2% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 1.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 390 | 5.7% | |
| -0.6 to -0.5 | 390 | 5.7% | |
| -0.5 to -0.4 | 859 | 12.6% | |
| -0.4 to -0.3 | 859 | 12.6% | |
| -0.3 to -0.2 | 644 | 9.5% | |
| -0.2 to -0.1 | 643 | 9.4% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 322 | 4.7% | |
| 0.2 to 0.3 | 322 | 4.7% | |
| 0.3 to 0.4 | 360 | 5.3% | |
| 0.4 to 0.5 | 359 | 5.3% | |
| 0.5 to 0.6 | 388 | 5.7% | |
| 0.6 to 0.7 | 387 | 5.7% | |
| 0.7 to 0.8 | 42 | 0.6% | |
| 0.8 to 0.9 | 42 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ITUB?
Itau Unibanco Holding S.A. American Depositary Shares (ITUB) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ITUB positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 1.2%.
What is the most common correlation range for ITUB?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 39.4% of all pairs.
Explore the full interactive correlation distribution for ITUB.
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