UWM Holdings Corporation (UWMC) Correlation Distribution
Across 6,808 rolling correlation observations between UWM Holdings Corporation (UWMC) and other NASDAQ-listed stocks, 71.4% are positive and 28.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.192, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,808
- Mean correlation
- 0.192
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.4%
- Strong positive (≥0.7)
- 4.8%
- Sector
- Mortgage Bankers & Loan Correspondents
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 139 | 2.0% | |
| -0.6 to -0.5 | 138 | 2.0% | |
| -0.5 to -0.4 | 214 | 3.1% | |
| -0.4 to -0.3 | 213 | 3.1% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 334 | 4.9% | |
| -0.1 to 0.0 | 522 | 7.7% | |
| 0.0 to 0.1 | 521 | 7.7% | |
| 0.1 to 0.2 | 687 | 10.1% | |
| 0.2 to 0.3 | 687 | 10.1% | |
| 0.3 to 0.4 | 758 | 11.1% | |
| 0.4 to 0.5 | 757 | 11.1% | |
| 0.5 to 0.6 | 563 | 8.3% | |
| 0.6 to 0.7 | 563 | 8.3% | |
| 0.7 to 0.8 | 160 | 2.4% | |
| 0.8 to 0.9 | 160 | 2.4% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of UWMC?
UWM Holdings Corporation (UWMC) has an average correlation of about 0.192 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is UWMC positively correlated with other stocks?
Mostly yes — 71.4% of pairs are positive and 28.6% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for UWMC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.3% of all pairs.
Explore the full interactive correlation distribution for UWMC.
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