Ultrapar Participacoes S.A. (UGP) Correlation Distribution
Across 6,809 rolling correlation observations between Ultrapar Participacoes S.A. (UGP) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- -0.051
- Most common range
- -0.1 to 0.0
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 1.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 191 | 2.8% | |
| -0.6 to -0.5 | 191 | 2.8% | |
| -0.5 to -0.4 | 539 | 7.9% | |
| -0.4 to -0.3 | 538 | 7.9% | |
| -0.3 to -0.2 | 815 | 12.0% | |
| -0.2 to -0.1 | 815 | 12.0% | |
| -0.1 to 0.0 | 872 | 12.8% | |
| 0.0 to 0.1 | 871 | 12.8% | |
| 0.1 to 0.2 | 497 | 7.3% | |
| 0.2 to 0.3 | 497 | 7.3% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 133 | 2.0% | |
| 0.6 to 0.7 | 133 | 2.0% | |
| 0.7 to 0.8 | 60 | 0.9% | |
| 0.8 to 0.9 | 59 | 0.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of UGP?
Ultrapar Participacoes S.A. (UGP) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UGP positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for UGP?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 64.1% of all pairs.
Explore the full interactive correlation distribution for UGP.
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