United Parcel Service, Inc. Class B (UPS) Correlation Distribution
Across 6,809 rolling correlation observations between United Parcel Service, Inc. Class B (UPS) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- 0.187
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Trucking & Courier Services (No Air)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 162 | 2.4% | |
| -0.8 to -0.7 | 162 | 2.4% | |
| -0.7 to -0.6 | 298 | 4.4% | |
| -0.6 to -0.5 | 297 | 4.4% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 247 | 3.6% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 381 | 5.6% | |
| 0.2 to 0.3 | 381 | 5.6% | |
| 0.3 to 0.4 | 631 | 9.3% | |
| 0.4 to 0.5 | 631 | 9.3% | |
| 0.5 to 0.6 | 737 | 10.8% | |
| 0.6 to 0.7 | 736 | 10.8% | |
| 0.7 to 0.8 | 401 | 5.9% | |
| 0.8 to 0.9 | 401 | 5.9% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of UPS?
United Parcel Service, Inc. Class B (UPS) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UPS positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for UPS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for UPS.
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