ALLISON TRANSMISSION HOLDINGS, INC. (ALSN) Correlation Distribution
Across 6,809 rolling correlation observations between ALLISON TRANSMISSION HOLDINGS, INC. (ALSN) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% 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 16% and strong negative correlations (≤−0.7) for 8.5%.
- Total observations
- 6,809
- Mean correlation
- -0.086
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 16%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 284 | 4.2% | |
| -0.8 to -0.7 | 284 | 4.2% | |
| -0.7 to -0.6 | 766 | 11.2% | |
| -0.6 to -0.5 | 765 | 11.2% | |
| -0.5 to -0.4 | 662 | 9.7% | |
| -0.4 to -0.3 | 661 | 9.7% | |
| -0.3 to -0.2 | 296 | 4.3% | |
| -0.2 to -0.1 | 296 | 4.3% | |
| -0.1 to 0.0 | 212 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 209 | 3.1% | |
| 0.4 to 0.5 | 208 | 3.1% | |
| 0.5 to 0.6 | 232 | 3.4% | |
| 0.6 to 0.7 | 232 | 3.4% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 337 | 4.9% |
Frequently asked questions
What is the average correlation of ALSN?
ALLISON TRANSMISSION HOLDINGS, INC. (ALSN) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ALSN positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for ALSN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for ALSN.
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