United Homes Group, Inc Class A Common Stock (UHG) Correlation Distribution
Across 6,111 rolling correlation observations between United Homes Group, Inc Class A Common Stock (UHG) and other NASDAQ-listed stocks, 51% are positive and 49% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 21.7% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,111
- Mean correlation
- 0.046
- Most common range
- 0.7 to 0.8
- Positive pairs
- 51%
- Strong positive (≥0.7)
- 21.7%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 338 | 5.5% | |
| -0.8 to -0.7 | 337 | 5.5% | |
| -0.7 to -0.6 | 488 | 8.0% | |
| -0.6 to -0.5 | 488 | 8.0% | |
| -0.5 to -0.4 | 308 | 5.0% | |
| -0.4 to -0.3 | 307 | 5.0% | |
| -0.3 to -0.2 | 256 | 4.2% | |
| -0.2 to -0.1 | 255 | 4.2% | |
| -0.1 to 0.0 | 218 | 3.6% | |
| 0.0 to 0.1 | 218 | 3.6% | |
| 0.1 to 0.2 | 199 | 3.3% | |
| 0.2 to 0.3 | 198 | 3.2% | |
| 0.3 to 0.4 | 232 | 3.8% | |
| 0.4 to 0.5 | 231 | 3.8% | |
| 0.5 to 0.6 | 356 | 5.8% | |
| 0.6 to 0.7 | 355 | 5.8% | |
| 0.7 to 0.8 | 653 | 10.7% | |
| 0.8 to 0.9 | 652 | 10.7% | |
| 0.9 to 1.0 | 22 | 0.4% |
Frequently asked questions
What is the average correlation of UHG?
United Homes Group, Inc Class A Common Stock (UHG) has an average correlation of about 0.046 with other NASDAQ stocks, based on 6,111 pairwise observations.
Is UHG positively correlated with other stocks?
Mostly yes — 51% of pairs are positive and 49% are negative. Strong positive correlations (≥0.7) make up 21.7%.
What is the most common correlation range for UHG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for UHG.
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