GOGO vs UEIC: Correlation
Measured on weekly returns over the past three years, Gogo Inc. (GOGO) and Universal Electronics Inc. (UEIC) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOGO and UEIC?
Over the past 3 years, GOGO and UEIC moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.42). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 1472.8 %².
In GOGO's tracked universe of 10 assets, UEIC sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months UEIC outperformed by 66.2 percentage points (-75.7% for GOGO against -9.5% for UEIC).
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.
GOGO vs UEIC: side by side
| GOGO (Gogo Inc.) | UEIC (Universal Electronics Inc.) | |
|---|---|---|
| 1-year return | -75.7% | -9.5% |
| 5-year return | -80.0% | -91.0% |
| Volatility (ann.) | 62.7% | 56.2% |
| Beta vs S&P 500 | 1.06 | 0.79 |
| Max drawdown (3Y) | -84.5% | -79.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOGO | UEIC |
|---|---|---|
| 2022 | +9.1% | -48.9% |
| 2023 | -31.4% | -54.9% |
| 2024 | -20.1% | +17.1% |
| 2025 | -42.4% | -67.2% |
| 2026 | -41.4% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOGO and UEIC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOGO and UEIC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.06 over the last year and 0.34 over 5 years.
Is UEIC a good diversifier for GOGO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/gogo-vs-ueic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gogo-vs-ueic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOGO correlations · UEIC correlations
