DMC vs UBER: Correlation
Measured on weekly returns over the past three years, Del Monte Corporation (DMC) and Uber (UBER) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and UBER?
Over the past 3 years, DMC and UBER moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.16). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -148.9 %².
By 3-year correlation, UBER places #9 of the 17 assets tracked against DMC. Over the last 12 months DMC came out ahead by 8.2 percentage points (-11.1% against -19.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DMC vs UBER: side by side
| DMC (Del Monte Corporation) | UBER (Uber) | |
|---|---|---|
| 1-year return | -11.1% | -19.3% |
| 5-year return | +13.3% | +94.4% |
| Volatility (ann.) | 25.4% | 36.7% |
| Beta vs S&P 500 | -0.11 | 1.34 |
| Max drawdown (3Y) | -36.5% | -34.1% |
| Market cap | $1.5B | $157.2B |
| P/E (trailing) | 44.2 | 17.2 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DMC | UBER |
|---|---|---|
| 2022 | -3.0% | -41.0% |
| 2023 | +3.1% | +149.0% |
| 2024 | +31.3% | -2.0% |
| 2025 | +11.1% | +35.5% |
| 2026 | -9.6% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and UBER good diversifiers for each other?
Yes. With a correlation of -0.16, DMC and UBER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DMC and UBER?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.08 over the last year and -0.03 over 5 years.
Is UBER a good diversifier for DMC?
Yes. With a correlation of -0.16, DMC and UBER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dmc-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmc-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMC correlations · UBER correlations
