UFP Technologies Inc (UFPT) Correlation Distribution
Across 6,809 rolling correlation observations between UFP Technologies Inc (UFPT) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 17.5%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 589 | 8.7% | |
| -0.8 to -0.7 | 589 | 8.7% | |
| -0.7 to -0.6 | 859 | 12.6% | |
| -0.6 to -0.5 | 858 | 12.6% | |
| -0.5 to -0.4 | 368 | 5.4% | |
| -0.4 to -0.3 | 368 | 5.4% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 237 | 3.5% | |
| -0.1 to 0.0 | 194 | 2.8% | |
| 0.0 to 0.1 | 194 | 2.8% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 195 | 2.9% | |
| 0.4 to 0.5 | 194 | 2.8% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 388 | 5.7% | |
| 0.9 to 1.0 | 260 | 3.8% |
Frequently asked questions
What is the average correlation of UFPT?
UFP Technologies Inc (UFPT) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UFPT positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for UFPT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for UFPT.
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