Alexander & Baldwin, Inc. (ALEX) Correlation Distribution
Across 6,809 rolling correlation observations between Alexander & Baldwin, Inc. (ALEX) and other NASDAQ-listed stocks, 73.4% are positive and 26.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.226, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.226
- Most common range
- 0.1 to 0.2
- Positive pairs
- 73.4%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 93 | 1.4% | |
| -0.5 to -0.4 | 182 | 2.7% | |
| -0.4 to -0.3 | 182 | 2.7% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 335 | 4.9% | |
| -0.1 to 0.0 | 578 | 8.5% | |
| 0.0 to 0.1 | 577 | 8.5% | |
| 0.1 to 0.2 | 719 | 10.6% | |
| 0.2 to 0.3 | 719 | 10.6% | |
| 0.3 to 0.4 | 644 | 9.5% | |
| 0.4 to 0.5 | 643 | 9.4% | |
| 0.5 to 0.6 | 532 | 7.8% | |
| 0.6 to 0.7 | 532 | 7.8% | |
| 0.7 to 0.8 | 312 | 4.6% | |
| 0.8 to 0.9 | 312 | 4.6% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of ALEX?
Alexander & Baldwin, Inc. (ALEX) has an average correlation of about 0.226 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ALEX positively correlated with other stocks?
Mostly yes — 73.4% of pairs are positive and 26.6% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for ALEX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 47.9% of all pairs.
Explore the full interactive correlation distribution for ALEX.
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