Uniti Group Inc. Common Stock (UNIT) — Stock Correlations & Overview
Over the past year, UNIT has moved most closely with AFSM, PSC, RUSC. Explore the stocks most correlated and inversely correlated with UNIT below, along with its price, financials, and company profile.
Stocks correlated with UNIT
Correlation of daily returns. Higher positive values move with UNIT; negative values move opposite it. Informational only, not investment advice.
Most correlated with UNIT
| Symbol | Company | Correlation |
|---|---|---|
| AFSM | First Trust Active Factor Small Cap ETF | 0.46 |
| PSC | Principal Exchange-Traded Funds Principal U.S. Small-Cap ETF | 0.46 |
| RUSC | Russell Investments Exchange Traded Funds Russell Investments U.S. Small Cap Equity ETF | 0.45 |
| RZG | Invesco S&P SmallCap 600 Pure Growth ETF | 0.45 |
| ESSC | Eventide Small Cap ETF | 0.45 |
Frequently asked questions about UNIT correlations
- Which stocks are most correlated with UNIT?
- Based on one year of daily returns, the stocks most correlated with Uniti Group Inc. Common Stock (UNIT) are AFSM (0.46), PSC (0.46) and RUSC (0.45). 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 UNIT?
- Over the past year, the stocks most inversely correlated with Uniti Group Inc. Common Stock (UNIT) are SDD (-0.44), TZA (-0.43) and SRTY (-0.43). 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 UNIT correlations calculated?
- We compute the correlation of daily returns between UNIT 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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