UNIVERSAL INSURANCE HLDG, INC. (UVE) Correlation Distribution
Across 6,809 rolling correlation observations between UNIVERSAL INSURANCE HLDG, INC. (UVE) and other NASDAQ-listed stocks, 40.9% are positive and 59.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.04, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.5% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- -0.04
- Most common range
- -0.3 to -0.2
- Positive pairs
- 40.9%
- Strong positive (≥0.7)
- 6.5%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 94 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 360 | 5.3% | |
| -0.6 to -0.5 | 360 | 5.3% | |
| -0.5 to -0.4 | 671 | 9.9% | |
| -0.4 to -0.3 | 670 | 9.8% | |
| -0.3 to -0.2 | 694 | 10.2% | |
| -0.2 to -0.1 | 694 | 10.2% | |
| -0.1 to 0.0 | 388 | 5.7% | |
| 0.0 to 0.1 | 388 | 5.7% | |
| 0.1 to 0.2 | 360 | 5.3% | |
| 0.2 to 0.3 | 360 | 5.3% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 330 | 4.8% | |
| 0.6 to 0.7 | 330 | 4.8% | |
| 0.7 to 0.8 | 222 | 3.3% | |
| 0.8 to 0.9 | 222 | 3.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of UVE?
UNIVERSAL INSURANCE HLDG, INC. (UVE) has an average correlation of about -0.04 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UVE positively correlated with other stocks?
Not predominantly — 40.9% of pairs are positive and 59.1% are negative. Strong positive correlations (≥0.7) make up 6.5%.
What is the most common correlation range for UVE?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.4% of all pairs.
Explore the full interactive correlation distribution for UVE.
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