Uber Technologies, Inc. (UBER) Correlation Distribution
Across 6,809 rolling correlation observations between Uber Technologies, Inc. (UBER) and other NASDAQ-listed stocks, 46.1% are positive and 53.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.025, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.2% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- 0.025
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.1%
- Strong positive (≥0.7)
- 11.2%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 141 | 2.1% | |
| -0.8 to -0.7 | 140 | 2.1% | |
| -0.7 to -0.6 | 301 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 485 | 7.1% | |
| -0.4 to -0.3 | 484 | 7.1% | |
| -0.3 to -0.2 | 694 | 10.2% | |
| -0.2 to -0.1 | 693 | 10.2% | |
| -0.1 to 0.0 | 427 | 6.3% | |
| 0.0 to 0.1 | 426 | 6.3% | |
| 0.1 to 0.2 | 302 | 4.4% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 378 | 5.6% | |
| 0.6 to 0.7 | 377 | 5.5% | |
| 0.7 to 0.8 | 358 | 5.3% | |
| 0.8 to 0.9 | 358 | 5.3% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of UBER?
Uber Technologies, Inc. (UBER) has an average correlation of about 0.025 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UBER positively correlated with other stocks?
Not predominantly — 46.1% of pairs are positive and 53.9% are negative. Strong positive correlations (≥0.7) make up 11.2%.
What is the most common correlation range for UBER?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 41.8% of all pairs.
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