UWM Holdings Corporation (UWMC) — Stock Correlations & Overview
Over the past year, UWMC has moved most closely with TDUP, RKT, ATS. Explore the stocks most correlated and inversely correlated with UWMC below, along with its price, financials, and company profile.
Stocks correlated with UWMC
Correlation of daily returns. Higher positive values move with UWMC; negative values move opposite it. Informational only, not investment advice.
Most correlated with UWMC
| Symbol | Company | Correlation |
|---|---|---|
| TDUP | ThredUp Inc. Class A Common StockRETAIL-CATALOG & MAIL-ORDER HOUSES | 0.56 |
| RKT | Rocket Companies, Inc.MORTGAGE BANKERS & LOAN CORRESPONDENTS | 0.55 |
| ATS | ATS Corporation | 0.54 |
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | 0.48 |
| RITM | Rithm Capital Corp.REAL ESTATE INVESTMENT TRUSTS | 0.46 |
Most inversely correlated with UWMC
| Symbol | Company | Correlation |
|---|---|---|
| WYHG | Wing Yip Food Holdings Group Limited American Depositary Shares | -0.40 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| CLRO | ClearOne, Inc. Common StockTELEPHONE & TELEGRAPH APPARATUS | -0.35 |
| SDD | ProShares UltraShort SmallCap600 | -0.34 |
| SBB | ProShares Short SmallCap600 | -0.33 |
Frequently asked questions about UWMC correlations
- Which stocks are most correlated with UWMC?
- Based on one year of daily returns, the stocks most correlated with UWM Holdings Corporation (UWMC) are TDUP (0.56), RKT (0.55) and ATS (0.54). 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 UWMC?
- Over the past year, the stocks most inversely correlated with UWM Holdings Corporation (UWMC) are WYHG (-0.40), CARD (-0.37) and CLRO (-0.35). 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 UWMC correlations calculated?
- We compute the correlation of daily returns between UWMC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.