Ulta Beauty, Inc. Common Stock (ULTA) Correlation Distribution
Across 6,809 rolling correlation observations between Ulta Beauty, Inc. Common Stock (ULTA) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Retail-Retail Stores, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 165 | 2.4% | |
| -0.8 to -0.7 | 165 | 2.4% | |
| -0.7 to -0.6 | 598 | 8.8% | |
| -0.6 to -0.5 | 598 | 8.8% | |
| -0.5 to -0.4 | 570 | 8.4% | |
| -0.4 to -0.3 | 569 | 8.4% | |
| -0.3 to -0.2 | 492 | 7.2% | |
| -0.2 to -0.1 | 492 | 7.2% | |
| -0.1 to 0.0 | 407 | 6.0% | |
| 0.0 to 0.1 | 406 | 6.0% | |
| 0.1 to 0.2 | 376 | 5.5% | |
| 0.2 to 0.3 | 375 | 5.5% | |
| 0.3 to 0.4 | 417 | 6.1% | |
| 0.4 to 0.5 | 417 | 6.1% | |
| 0.5 to 0.6 | 299 | 4.4% | |
| 0.6 to 0.7 | 298 | 4.4% | |
| 0.7 to 0.8 | 83 | 1.2% | |
| 0.8 to 0.9 | 82 | 1.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ULTA?
Ulta Beauty, Inc. Common Stock (ULTA) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ULTA positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for ULTA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 37.4% of all pairs.
Explore the full interactive correlation distribution for ULTA.
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