Universal Health Services, Inc. Class B (UHS) Correlation Distribution
Across 6,809 rolling correlation observations between Universal Health Services, Inc. Class B (UHS) and other NASDAQ-listed stocks, 46.6% are positive and 53.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.036
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.6%
- Strong positive (≥0.7)
- 11.7%
- Sector
- Services-General Medical & Surgical Hospitals, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 56 | 0.8% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 638 | 9.4% | |
| -0.4 to -0.3 | 638 | 9.4% | |
| -0.3 to -0.2 | 647 | 9.5% | |
| -0.2 to -0.1 | 647 | 9.5% | |
| -0.1 to 0.0 | 384 | 5.6% | |
| 0.0 to 0.1 | 384 | 5.6% | |
| 0.1 to 0.2 | 334 | 4.9% | |
| 0.2 to 0.3 | 333 | 4.9% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 362 | 5.3% | |
| 0.6 to 0.7 | 362 | 5.3% | |
| 0.7 to 0.8 | 397 | 5.8% | |
| 0.8 to 0.9 | 397 | 5.8% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of UHS?
Universal Health Services, Inc. Class B (UHS) has an average correlation of about 0.036 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UHS positively correlated with other stocks?
Not predominantly — 46.6% of pairs are positive and 53.4% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for UHS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 40.1% of all pairs.
Explore the full interactive correlation distribution for UHS.
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