Arcosa, Inc. Common Stock (ACA) Correlation Distribution
Across 6,809 rolling correlation observations between Arcosa, Inc. Common Stock (ACA) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,809
- Mean correlation
- -0.086
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 15.4%
- Sector
- Fabricated Structural Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 282 | 4.1% | |
| -0.8 to -0.7 | 282 | 4.1% | |
| -0.7 to -0.6 | 819 | 12.0% | |
| -0.6 to -0.5 | 819 | 12.0% | |
| -0.5 to -0.4 | 588 | 8.6% | |
| -0.4 to -0.3 | 587 | 8.6% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 432 | 6.3% | |
| 0.8 to 0.9 | 431 | 6.3% | |
| 0.9 to 1.0 | 188 | 2.8% |
Frequently asked questions
What is the average correlation of ACA?
Arcosa, Inc. Common Stock (ACA) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACA positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for ACA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for ACA.
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