Universal Logistics Holdings, Inc. Common Stock (ULH) Correlation Distribution
Across 6,809 rolling correlation observations between Universal Logistics Holdings, Inc. Common Stock (ULH) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.11, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.11
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 782 | 11.5% | |
| -0.6 to -0.5 | 782 | 11.5% | |
| -0.5 to -0.4 | 770 | 11.3% | |
| -0.4 to -0.3 | 770 | 11.3% | |
| -0.3 to -0.2 | 393 | 5.8% | |
| -0.2 to -0.1 | 392 | 5.8% | |
| -0.1 to 0.0 | 310 | 4.6% | |
| 0.0 to 0.1 | 309 | 4.5% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 287 | 4.2% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 419 | 6.2% | |
| 0.6 to 0.7 | 418 | 6.1% | |
| 0.7 to 0.8 | 64 | 0.9% | |
| 0.8 to 0.9 | 63 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ULH?
Universal Logistics Holdings, Inc. Common Stock (ULH) has an average correlation of about -0.11 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ULH positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for ULH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.1% of all pairs.
Explore the full interactive correlation distribution for ULH.
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