Alaska Air Group, Inc. (ALK) Correlation Distribution
Across 6,809 rolling correlation observations between Alaska Air Group, Inc. (ALK) and other NASDAQ-listed stocks, 80% are positive and 20% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.272
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80%
- Strong positive (≥0.7)
- 4%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 60 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 118 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 462 | 6.8% | |
| 0.0 to 0.1 | 462 | 6.8% | |
| 0.1 to 0.2 | 666 | 9.8% | |
| 0.2 to 0.3 | 666 | 9.8% | |
| 0.3 to 0.4 | 958 | 14.1% | |
| 0.4 to 0.5 | 958 | 14.1% | |
| 0.5 to 0.6 | 733 | 10.8% | |
| 0.6 to 0.7 | 733 | 10.8% | |
| 0.7 to 0.8 | 137 | 2.0% | |
| 0.8 to 0.9 | 136 | 2.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ALK?
Alaska Air Group, Inc. (ALK) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ALK positively correlated with other stocks?
Mostly yes — 80% of pairs are positive and 20% are negative. Strong positive correlations (≥0.7) make up 4%.
What is the most common correlation range for ALK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41% of all pairs.
Explore the full interactive correlation distribution for ALK.
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