Unity Software Inc. (U) — Stock Correlations & Overview
Over the past year, U has moved most closely with UNX, BNGE, BUYZ. Explore the stocks most correlated and inversely correlated with U below, along with its price, financials, and company profile.
Stocks correlated with U
Correlation of daily returns. Higher positive values move with U; negative values move opposite it. Informational only, not investment advice.
Most correlated with U
| Symbol | Company | Correlation |
|---|---|---|
| UNX | Tradr 2X Long U Daily ETF | 0.99 |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.57 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.56 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.55 |
| ESPO | VanEck Video Gaming and eSports ETF | 0.55 |
Most inversely correlated with U
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.51 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.46 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.42 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.42 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.41 |
Frequently asked questions about U correlations
- Which stocks are most correlated with U?
- Based on one year of daily returns, the stocks most correlated with Unity Software Inc. (U) are UNX (0.99), BNGE (0.57) and BUYZ (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with U?
- Over the past year, the stocks most inversely correlated with Unity Software Inc. (U) are WEBS (-0.51), SARK (-0.46) and FNGD (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these U correlations calculated?
- We compute the correlation of daily returns between U and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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