UEIC vs WBUY: Correlation
How closely do Universal Electronics Inc. (UEIC) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UEIC and WBUY?
Over the past 3 years, UEIC and WBUY moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.45). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4983.0 %².
Few assets follow UEIC as closely as WBUY, which ranks #1 of 10 tracked partners. The last year tells two different stories: UEIC led by 63.1 percentage points, -9.5% for UEIC against -72.6% for WBUY. Risk is not evenly split, since WBUY carries 3.4 times the volatility of the other side.
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.
UEIC vs WBUY: side by side
| UEIC (Universal Electronics Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -9.5% | -72.6% |
| 5-year return | -91.0% | n/a |
| Volatility (ann.) | 56.2% | 193.8% |
| Beta vs S&P 500 | 0.79 | 1.81 |
| Max drawdown (3Y) | -79.8% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UEIC | WBUY |
|---|---|---|
| 2022 | -48.9% | – |
| 2023 | -54.9% | – |
| 2024 | +17.1% | -66.1% |
| 2025 | -67.2% | -93.7% |
| 2026 | +25.3% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UEIC and WBUY good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between UEIC and WBUY?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is WBUY a good diversifier for UEIC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/ueic-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ueic-vs-wbuy/)
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Related comparisons
Hubs: UEIC correlations · WBUY correlations
