ArcBest Corporation (ARCB) Correlation Distribution
Across 6,809 rolling correlation observations between ArcBest Corporation (ARCB) and other NASDAQ-listed stocks, 42.6% are positive and 57.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.046
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.6%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 118 | 1.7% | |
| -0.8 to -0.7 | 117 | 1.7% | |
| -0.7 to -0.6 | 511 | 7.5% | |
| -0.6 to -0.5 | 510 | 7.5% | |
| -0.5 to -0.4 | 649 | 9.5% | |
| -0.4 to -0.3 | 648 | 9.5% | |
| -0.3 to -0.2 | 491 | 7.2% | |
| -0.2 to -0.1 | 490 | 7.2% | |
| -0.1 to 0.0 | 373 | 5.5% | |
| 0.0 to 0.1 | 372 | 5.5% | |
| 0.1 to 0.2 | 317 | 4.7% | |
| 0.2 to 0.3 | 317 | 4.7% | |
| 0.3 to 0.4 | 356 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 392 | 5.8% | |
| 0.6 to 0.7 | 391 | 5.7% | |
| 0.7 to 0.8 | 199 | 2.9% | |
| 0.8 to 0.9 | 198 | 2.9% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of ARCB?
ArcBest Corporation (ARCB) has an average correlation of about -0.046 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ARCB positively correlated with other stocks?
Not predominantly — 42.6% of pairs are positive and 57.4% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for ARCB?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.7% of all pairs.
Explore the full interactive correlation distribution for ARCB.
Open interactive dashboard →