Unitil Corporation (UTL) Correlation Distribution
Across 6,809 rolling correlation observations between Unitil Corporation (UTL) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.062, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- -0.062
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 1%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 514 | 7.5% | |
| -0.6 to -0.5 | 514 | 7.5% | |
| -0.5 to -0.4 | 762 | 11.2% | |
| -0.4 to -0.3 | 762 | 11.2% | |
| -0.3 to -0.2 | 507 | 7.4% | |
| -0.2 to -0.1 | 507 | 7.4% | |
| -0.1 to 0.0 | 404 | 5.9% | |
| 0.0 to 0.1 | 404 | 5.9% | |
| 0.1 to 0.2 | 359 | 5.3% | |
| 0.2 to 0.3 | 359 | 5.3% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 428 | 6.3% | |
| 0.6 to 0.7 | 427 | 6.3% | |
| 0.7 to 0.8 | 34 | 0.5% | |
| 0.8 to 0.9 | 34 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of UTL?
Unitil Corporation (UTL) has an average correlation of about -0.062 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UTL positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for UTL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 37.3% of all pairs.
Explore the full interactive correlation distribution for UTL.
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