UGIC (UGIC) Correlation Distribution
Across 6,639 rolling correlation observations between UGIC (UGIC) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.7% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,639
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 33.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 144 | 2.2% | |
| -0.9 to -0.8 | 261 | 3.9% | |
| -0.8 to -0.7 | 260 | 3.9% | |
| -0.7 to -0.6 | 198 | 3.0% | |
| -0.6 to -0.5 | 198 | 3.0% | |
| -0.5 to -0.4 | 150 | 2.3% | |
| -0.4 to -0.3 | 150 | 2.3% | |
| -0.3 to -0.2 | 146 | 2.2% | |
| -0.2 to -0.1 | 145 | 2.2% | |
| -0.1 to 0.0 | 161 | 2.4% | |
| 0.0 to 0.1 | 160 | 2.4% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 287 | 4.3% | |
| 0.4 to 0.5 | 286 | 4.3% | |
| 0.5 to 0.6 | 738 | 11.1% | |
| 0.6 to 0.7 | 737 | 11.1% | |
| 0.7 to 0.8 | 1,028 | 15.5% | |
| 0.8 to 0.9 | 1,028 | 15.5% | |
| 0.9 to 1.0 | 184 | 2.8% |
Frequently asked questions
What is the average correlation of UGIC?
UGIC (UGIC) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,639 pairwise observations.
Is UGIC positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 33.7%.
What is the most common correlation range for UGIC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 14.9% of all pairs.
Explore the full interactive correlation distribution for UGIC.
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