UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH) Correlation Distribution
Across 6,809 rolling correlation observations between UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH) and other NASDAQ-listed stocks, 40.2% are positive and 59.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.118, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- -0.118
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.2%
- Strong positive (≥0.7)
- 2.9%
- Sector
- Hospital & Medical Service Plans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 337 | 4.9% | |
| -0.8 to -0.7 | 337 | 4.9% | |
| -0.7 to -0.6 | 557 | 8.2% | |
| -0.6 to -0.5 | 557 | 8.2% | |
| -0.5 to -0.4 | 469 | 6.9% | |
| -0.4 to -0.3 | 468 | 6.9% | |
| -0.3 to -0.2 | 431 | 6.3% | |
| -0.2 to -0.1 | 430 | 6.3% | |
| -0.1 to 0.0 | 462 | 6.8% | |
| 0.0 to 0.1 | 462 | 6.8% | |
| 0.1 to 0.2 | 352 | 5.2% | |
| 0.2 to 0.3 | 351 | 5.2% | |
| 0.3 to 0.4 | 370 | 5.4% | |
| 0.4 to 0.5 | 370 | 5.4% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 316 | 4.6% | |
| 0.7 to 0.8 | 95 | 1.4% | |
| 0.8 to 0.9 | 94 | 1.4% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of UNH?
UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH) has an average correlation of about -0.118 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UNH positively correlated with other stocks?
Not predominantly — 40.2% of pairs are positive and 59.8% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for UNH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 36.5% of all pairs.
Explore the full interactive correlation distribution for UNH.
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