Under Armour, Inc. Class C Common Stock, $0.0003 1/3 par value (UA) Correlation Distribution
Across 6,809 rolling correlation observations between Under Armour, Inc. Class C Common Stock, $0.0003 1/3 par value (UA) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.34, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.6% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.34
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 35.6%
- Sector
- Apparel & Other Finishd Prods Of Fabrics & Similar Matl
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 245 | 3.6% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 296 | 4.3% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 273 | 4.0% | |
| 0.0 to 0.1 | 272 | 4.0% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 335 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 504 | 7.4% | |
| 0.6 to 0.7 | 504 | 7.4% | |
| 0.7 to 0.8 | 1,024 | 15.0% | |
| 0.8 to 0.9 | 1,023 | 15.0% | |
| 0.9 to 1.0 | 377 | 5.5% |
Frequently asked questions
What is the average correlation of UA?
Under Armour, Inc. Class C Common Stock, $0.0003 1/3 par value (UA) has an average correlation of about 0.34 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UA positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 35.6%.
What is the most common correlation range for UA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for UA.
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