Ucommune International Ltd Ordinary Shares (UK) Correlation Distribution
Across 6,807 rolling correlation observations between Ucommune International Ltd Ordinary Shares (UK) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.255, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.9% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,807
- Mean correlation
- 0.255
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 25.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 283 | 4.2% | |
| -0.5 to -0.4 | 360 | 5.3% | |
| -0.4 to -0.3 | 359 | 5.3% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 251 | 3.7% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 379 | 5.6% | |
| 0.4 to 0.5 | 379 | 5.6% | |
| 0.5 to 0.6 | 622 | 9.1% | |
| 0.6 to 0.7 | 621 | 9.1% | |
| 0.7 to 0.8 | 675 | 9.9% | |
| 0.8 to 0.9 | 675 | 9.9% | |
| 0.9 to 1.0 | 413 | 6.1% |
Frequently asked questions
What is the average correlation of UK?
Ucommune International Ltd Ordinary Shares (UK) has an average correlation of about 0.255 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is UK positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 25.9%.
What is the most common correlation range for UK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for UK.
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