U Power Limited Class A Ordinary Shares (UCAR) Correlation Distribution
Across 6,072 rolling correlation observations between U Power Limited Class A Ordinary Shares (UCAR) and other NASDAQ-listed stocks, 46.5% are positive and 53.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.002, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,072
- Mean correlation
- 0.002
- Most common range
- -0.7 to -0.6
- Positive pairs
- 46.5%
- Strong positive (≥0.7)
- 9.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 583 | 9.6% | |
| -0.6 to -0.5 | 582 | 9.6% | |
| -0.5 to -0.4 | 545 | 9.0% | |
| -0.4 to -0.3 | 545 | 9.0% | |
| -0.3 to -0.2 | 338 | 5.6% | |
| -0.2 to -0.1 | 337 | 5.6% | |
| -0.1 to 0.0 | 257 | 4.2% | |
| 0.0 to 0.1 | 256 | 4.2% | |
| 0.1 to 0.2 | 246 | 4.1% | |
| 0.2 to 0.3 | 245 | 4.0% | |
| 0.3 to 0.4 | 314 | 5.2% | |
| 0.4 to 0.5 | 314 | 5.2% | |
| 0.5 to 0.6 | 442 | 7.3% | |
| 0.6 to 0.7 | 441 | 7.3% | |
| 0.7 to 0.8 | 278 | 4.6% | |
| 0.8 to 0.9 | 277 | 4.6% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of UCAR?
U Power Limited Class A Ordinary Shares (UCAR) has an average correlation of about 0.002 with other NASDAQ stocks, based on 6,072 pairwise observations.
Is UCAR positively correlated with other stocks?
Not predominantly — 46.5% of pairs are positive and 53.5% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for UCAR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.7% of all pairs.
Explore the full interactive correlation distribution for UCAR.
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