Ultralife Corporation (ULBI) Correlation Distribution
Across 6,809 rolling correlation observations between Ultralife Corporation (ULBI) and other NASDAQ-listed stocks, 55.4% are positive and 44.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.048
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.4%
- Strong positive (≥0.7)
- 1.5%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 123 | 1.8% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 576 | 8.5% | |
| -0.2 to -0.1 | 575 | 8.4% | |
| -0.1 to 0.0 | 975 | 14.3% | |
| 0.0 to 0.1 | 975 | 14.3% | |
| 0.1 to 0.2 | 661 | 9.7% | |
| 0.2 to 0.3 | 660 | 9.7% | |
| 0.3 to 0.4 | 471 | 6.9% | |
| 0.4 to 0.5 | 471 | 6.9% | |
| 0.5 to 0.6 | 217 | 3.2% | |
| 0.6 to 0.7 | 216 | 3.2% | |
| 0.7 to 0.8 | 52 | 0.8% | |
| 0.8 to 0.9 | 51 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ULBI?
Ultralife Corporation (ULBI) has an average correlation of about 0.048 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ULBI positively correlated with other stocks?
Mostly yes — 55.4% of pairs are positive and 44.6% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for ULBI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 64.9% of all pairs.
Explore the full interactive correlation distribution for ULBI.
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