UCBI (UCBI) Correlation Distribution
Across 6,743 rolling correlation observations between UCBI (UCBI) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.225, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.6% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,743
- Mean correlation
- 0.225
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 6.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 95 | 1.4% | |
| -0.6 to -0.5 | 95 | 1.4% | |
| -0.5 to -0.4 | 140 | 2.1% | |
| -0.4 to -0.3 | 139 | 2.1% | |
| -0.3 to -0.2 | 315 | 4.7% | |
| -0.2 to -0.1 | 314 | 4.7% | |
| -0.1 to 0.0 | 513 | 7.6% | |
| 0.0 to 0.1 | 512 | 7.6% | |
| 0.1 to 0.2 | 692 | 10.3% | |
| 0.2 to 0.3 | 691 | 10.2% | |
| 0.3 to 0.4 | 759 | 11.3% | |
| 0.4 to 0.5 | 759 | 11.3% | |
| 0.5 to 0.6 | 587 | 8.7% | |
| 0.6 to 0.7 | 586 | 8.7% | |
| 0.7 to 0.8 | 211 | 3.1% | |
| 0.8 to 0.9 | 210 | 3.1% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of UCBI?
UCBI (UCBI) has an average correlation of about 0.225 with other NASDAQ stocks, based on 6,743 pairwise observations.
Is UCBI positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 6.6%.
What is the most common correlation range for UCBI?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45% of all pairs.
Explore the full interactive correlation distribution for UCBI.
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