United Fire Group Inc. (UFCS) Correlation Distribution
Across 6,809 rolling correlation observations between United Fire Group Inc. (UFCS) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.085, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.085
- Most common range
- 0.1 to 0.2
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 0.6%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 90 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 479 | 7.0% | |
| -0.2 to -0.1 | 479 | 7.0% | |
| -0.1 to 0.0 | 667 | 9.8% | |
| 0.0 to 0.1 | 666 | 9.8% | |
| 0.1 to 0.2 | 1,024 | 15.0% | |
| 0.2 to 0.3 | 1,023 | 15.0% | |
| 0.3 to 0.4 | 658 | 9.7% | |
| 0.4 to 0.5 | 658 | 9.7% | |
| 0.5 to 0.6 | 155 | 2.3% | |
| 0.6 to 0.7 | 155 | 2.3% | |
| 0.7 to 0.8 | 20 | 0.3% | |
| 0.8 to 0.9 | 20 | 0.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of UFCS?
United Fire Group Inc. (UFCS) has an average correlation of about 0.085 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UFCS positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for UFCS?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 63.7% of all pairs.
Explore the full interactive correlation distribution for UFCS.
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