FTV vs UK: Correlation
Measured on weekly returns over the past three years, Fortive (FTV) and Ucommune International Ltd - Class A (UK) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and UK?
Across a 3-year window, the weekly returns of FTV and UK correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.17 over 3 years. Stretching to 5 years gives 0.00, with an annualized covariance of -270.1 %².
Out of 36 assets tracked against FTV, UK lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with FTV ahead by 103.9 points (+23.9% versus -80.0%). Note the risk asymmetry: UK runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FTV vs UK: side by side
| FTV (Fortive) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | +23.9% | -80.0% |
| 5-year return | +9.6% | -99.9% |
| Volatility (ann.) | 23.8% | 67.7% |
| Beta vs S&P 500 | 0.92 | 0.52 |
| Max drawdown (3Y) | -28.0% | -96.4% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FTV | UK |
|---|---|---|
| 2022 | -15.4% | -89.3% |
| 2023 | +15.1% | -79.1% |
| 2024 | +2.3% | -68.3% |
| 2025 | -1.9% | -46.4% |
| 2026 | +8.8% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and UK good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTV and UK?
The FTV/UK correlation stands at -0.17 on a 3-year window (1 year: -0.29, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is UK a good diversifier for FTV?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/ftv-vs-uk.json
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[](https://www.pairbook.io/pair/ftv-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTV correlations · UK correlations
