PH vs UBER: Correlation
Parker Hannifin (PH) and Uber (UBER) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PH and UBER?
Over the past 3 years, PH and UBER moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.39). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 377.5 %².
By 3-year correlation, UBER places #47 of the 57 assets tracked against PH. The last year tells two different stories: PH led by 52.1 percentage points, +32.8% for PH against -19.3% for UBER. This link changes with the market regime, having swung between 0.09 and 0.60 on a rolling one-year basis.
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.
PH vs UBER: side by side
| PH (Parker Hannifin) | UBER (Uber) | |
|---|---|---|
| 1-year return | +32.8% | -19.3% |
| 5-year return | +256.4% | +94.4% |
| Volatility (ann.) | 26.6% | 36.7% |
| Beta vs S&P 500 | 1.16 | 1.34 |
| Max drawdown (3Y) | -26.8% | -34.1% |
| Market cap | $127.5B | $157.2B |
| P/E (trailing) | 36.5 | 17.2 |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | PH | UBER |
|---|---|---|
| 2022 | -6.9% | -41.0% |
| 2023 | +60.8% | +149.0% |
| 2024 | +39.6% | -2.0% |
| 2025 | +39.5% | +35.5% |
| 2026 | +15.5% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PH and UBER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PH and UBER?
As of 2026-08-27, the correlation of weekly returns between PH and UBER is 0.39 over 3 years, 0.04 over 1 year and 0.39 over 5 years.
Is UBER a good diversifier for PH?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/ph-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ph-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PH correlations · UBER correlations
