United Bancorp Inc/OH (UBCP) Correlation Distribution
Across 6,801 rolling correlation observations between United Bancorp Inc/OH (UBCP) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.181, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,801
- Mean correlation
- 0.181
- Most common range
- 0.3 to 0.4
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 6.3%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 64 | 0.9% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 252 | 3.7% | |
| -0.4 to -0.3 | 252 | 3.7% | |
| -0.3 to -0.2 | 421 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 475 | 7.0% | |
| 0.0 to 0.1 | 474 | 7.0% | |
| 0.1 to 0.2 | 643 | 9.5% | |
| 0.2 to 0.3 | 642 | 9.4% | |
| 0.3 to 0.4 | 711 | 10.5% | |
| 0.4 to 0.5 | 711 | 10.5% | |
| 0.5 to 0.6 | 537 | 7.9% | |
| 0.6 to 0.7 | 536 | 7.9% | |
| 0.7 to 0.8 | 213 | 3.1% | |
| 0.8 to 0.9 | 213 | 3.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of UBCP?
United Bancorp Inc/OH (UBCP) has an average correlation of about 0.181 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is UBCP positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for UBCP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.2% of all pairs.
Explore the full interactive correlation distribution for UBCP.
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