PACS vs UONEK: Correlation
How closely do PACS Group, Inc. (PACS) and Urban One, Inc. (UONEK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and UONEK?
Over the past 3 years, PACS and UONEK moved with a correlation of 0.51, which is moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.51). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5201.3 %².
Within PACS's tracked universe of 35 assets, UONEK comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PACS ahead by 319.8 points (+273.0% versus -46.8%).
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.
PACS vs UONEK: side by side
| PACS (PACS Group, Inc.) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +273.0% | -46.8% |
| 5-year return | n/a | -93.7% |
| Volatility (ann.) | 120.5% | 82.3% |
| Beta vs S&P 500 | 0.06 | 0.73 |
| Max drawdown (3Y) | -82.0% | -93.1% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PACS | UONEK |
|---|---|---|
| 2022 | – | +10.9% |
| 2023 | – | -6.1% |
| 2024 | – | -71.7% |
| 2025 | +192.8% | -14.0% |
| 2026 | +15.2% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and UONEK good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PACS and UONEK?
The PACS/UONEK correlation stands at 0.51 on a 3-year window (1 year: 0.70, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UONEK a good diversifier for PACS?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pacs-vs-uonek.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: PACS correlations · UONEK correlations
