Alcon Inc. Ordinary Shares (ALC) Correlation Distribution
Across 6,809 rolling correlation observations between Alcon Inc. Ordinary Shares (ALC) and other NASDAQ-listed stocks, 48.3% are positive and 51.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.045
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.3%
- Strong positive (≥0.7)
- 11.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 338 | 5.0% | |
| -0.6 to -0.5 | 337 | 4.9% | |
| -0.5 to -0.4 | 623 | 9.1% | |
| -0.4 to -0.3 | 623 | 9.1% | |
| -0.3 to -0.2 | 571 | 8.4% | |
| -0.2 to -0.1 | 570 | 8.4% | |
| -0.1 to 0.0 | 386 | 5.7% | |
| 0.0 to 0.1 | 385 | 5.7% | |
| 0.1 to 0.2 | 336 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 393 | 5.8% | |
| 0.6 to 0.7 | 393 | 5.8% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of ALC?
Alcon Inc. Ordinary Shares (ALC) has an average correlation of about 0.045 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ALC positively correlated with other stocks?
Not predominantly — 48.3% of pairs are positive and 51.7% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for ALC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 37.9% of all pairs.
Explore the full interactive correlation distribution for ALC.
Open interactive dashboard →