TDOC vs UIS: Correlation
How closely do Teladoc Health, Inc. (TDOC) and Unisys Corporation New (UIS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDOC and UIS?
Across a 3-year window, the weekly returns of TDOC and UIS correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.36, with an annualized covariance of 2218.6 %².
Among the 18 assets we track against TDOC, UIS ranks #7 by 3-year correlation. On 12-month performance TDOC holds a 13.0-point edge, -17.8% against -30.8%.
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.
TDOC vs UIS: side by side
| TDOC (Teladoc Health, Inc.) | UIS (Unisys Corporation New) | |
|---|---|---|
| 1-year return | -17.8% | -30.8% |
| 5-year return | -95.6% | -88.7% |
| Volatility (ann.) | 58.1% | 80.0% |
| Beta vs S&P 500 | 1.55 | 2.01 |
| Max drawdown (3Y) | -80.5% | -77.6% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TDOC | UIS |
|---|---|---|
| 2022 | -74.2% | -75.2% |
| 2023 | -8.9% | +10.0% |
| 2024 | -57.8% | +12.6% |
| 2025 | -23.0% | -56.4% |
| 2026 | -9.1% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDOC and UIS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TDOC and UIS?
As of 2026-08-27, the correlation of weekly returns between TDOC and UIS is 0.48 over 3 years, 0.60 over 1 year and 0.36 over 5 years.
Is UIS a good diversifier for TDOC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tdoc-vs-uis.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tdoc-vs-uis/)
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Related comparisons
Hubs: TDOC correlations · UIS correlations
