urban-gro, Inc. Common Stock (UGRO) Correlation Distribution
Across 6,806 rolling correlation observations between urban-gro, Inc. Common Stock (UGRO) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.2% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,806
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 40.2%
- Sector
- Wholesale-Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 201 | 3.0% | |
| -0.8 to -0.7 | 200 | 2.9% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 288 | 4.2% | |
| -0.5 to -0.4 | 216 | 3.2% | |
| -0.4 to -0.3 | 215 | 3.2% | |
| -0.3 to -0.2 | 187 | 2.7% | |
| -0.2 to -0.1 | 187 | 2.7% | |
| -0.1 to 0.0 | 186 | 2.7% | |
| 0.0 to 0.1 | 186 | 2.7% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 296 | 4.3% | |
| 0.5 to 0.6 | 468 | 6.9% | |
| 0.6 to 0.7 | 468 | 6.9% | |
| 0.7 to 0.8 | 1,133 | 16.6% | |
| 0.8 to 0.9 | 1,132 | 16.6% | |
| 0.9 to 1.0 | 473 | 6.9% |
Frequently asked questions
What is the average correlation of UGRO?
urban-gro, Inc. Common Stock (UGRO) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is UGRO positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 40.2%.
What is the most common correlation range for UGRO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for UGRO.
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