Unum Group (UNM) Correlation Distribution
Across 6,809 rolling correlation observations between Unum Group (UNM) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.152, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 20.6%.
- Total observations
- 6,809
- Mean correlation
- -0.152
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Accident & Health Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 32 | 0.5% | |
| -0.9 to -0.8 | 686 | 10.1% | |
| -0.8 to -0.7 | 686 | 10.1% | |
| -0.7 to -0.6 | 788 | 11.6% | |
| -0.6 to -0.5 | 787 | 11.6% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 329 | 4.8% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 176 | 2.6% | |
| 0.2 to 0.3 | 176 | 2.6% | |
| 0.3 to 0.4 | 195 | 2.9% | |
| 0.4 to 0.5 | 195 | 2.9% | |
| 0.5 to 0.6 | 254 | 3.7% | |
| 0.6 to 0.7 | 254 | 3.7% | |
| 0.7 to 0.8 | 410 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 222 | 3.3% |
Frequently asked questions
What is the average correlation of UNM?
Unum Group (UNM) has an average correlation of about -0.152 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UNM positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for UNM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for UNM.
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