United States Cellular Corporation 5.500% Senior Notes due 2070 (UZE) Correlation Distribution
Across 6,808 rolling correlation observations between United States Cellular Corporation 5.500% Senior Notes due 2070 (UZE) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.32, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,808
- Mean correlation
- 0.32
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 23.4%
- Sector
- Radiotelephone Communications
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 98 | 1.4% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 152 | 2.2% | |
| -0.6 to -0.5 | 151 | 2.2% | |
| -0.5 to -0.4 | 197 | 2.9% | |
| -0.4 to -0.3 | 196 | 2.9% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 298 | 4.4% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 432 | 6.3% | |
| 0.4 to 0.5 | 432 | 6.3% | |
| 0.5 to 0.6 | 830 | 12.2% | |
| 0.6 to 0.7 | 829 | 12.2% | |
| 0.7 to 0.8 | 730 | 10.7% | |
| 0.8 to 0.9 | 730 | 10.7% | |
| 0.9 to 1.0 | 136 | 2.0% |
Frequently asked questions
What is the average correlation of UZE?
United States Cellular Corporation 5.500% Senior Notes due 2070 (UZE) has an average correlation of about 0.32 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is UZE positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for UZE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for UZE.
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