United Rentals, Inc. (URI) Correlation Distribution
Across 6,809 rolling correlation observations between United Rentals, Inc. (URI) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- -0.065
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Services-Equipment Rental & Leasing, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 283 | 4.2% | |
| -0.8 to -0.7 | 283 | 4.2% | |
| -0.7 to -0.6 | 795 | 11.7% | |
| -0.6 to -0.5 | 794 | 11.7% | |
| -0.5 to -0.4 | 566 | 8.3% | |
| -0.4 to -0.3 | 566 | 8.3% | |
| -0.3 to -0.2 | 292 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 201 | 3.0% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 249 | 3.7% | |
| 0.7 to 0.8 | 434 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 315 | 4.6% |
Frequently asked questions
What is the average correlation of URI?
United Rentals, Inc. (URI) has an average correlation of about -0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is URI positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for URI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for URI.
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