UBA (UBA) Correlation Distribution
Across 6,213 rolling correlation observations between UBA (UBA) and other NASDAQ-listed stocks, 65.6% are positive and 34.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.189, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,213
- Mean correlation
- 0.189
- Most common range
- 0.1 to 0.2
- Positive pairs
- 65.6%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.9% | |
| -0.8 to -0.7 | 53 | 0.9% | |
| -0.7 to -0.6 | 149 | 2.4% | |
| -0.6 to -0.5 | 148 | 2.4% | |
| -0.5 to -0.4 | 261 | 4.2% | |
| -0.4 to -0.3 | 260 | 4.2% | |
| -0.3 to -0.2 | 397 | 6.4% | |
| -0.2 to -0.1 | 396 | 6.4% | |
| -0.1 to 0.0 | 422 | 6.8% | |
| 0.0 to 0.1 | 422 | 6.8% | |
| 0.1 to 0.2 | 482 | 7.8% | |
| 0.2 to 0.3 | 482 | 7.8% | |
| 0.3 to 0.4 | 443 | 7.1% | |
| 0.4 to 0.5 | 443 | 7.1% | |
| 0.5 to 0.6 | 475 | 7.6% | |
| 0.6 to 0.7 | 475 | 7.6% | |
| 0.7 to 0.8 | 411 | 6.6% | |
| 0.8 to 0.9 | 411 | 6.6% | |
| 0.9 to 1.0 | 29 | 0.5% |
Frequently asked questions
What is the average correlation of UBA?
UBA (UBA) has an average correlation of about 0.189 with other NASDAQ stocks, based on 6,213 pairwise observations.
Is UBA positively correlated with other stocks?
Mostly yes — 65.6% of pairs are positive and 34.4% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for UBA?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 41.9% of all pairs.
Explore the full interactive correlation distribution for UBA.
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