Arts-Way Manufacturing Co Inc (ARTW) Correlation Distribution
Across 6,807 rolling correlation observations between Arts-Way Manufacturing Co Inc (ARTW) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.25, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,807
- Mean correlation
- 0.25
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 11.6%
- Sector
- Farm Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 273 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 332 | 4.9% | |
| -0.4 to -0.3 | 332 | 4.9% | |
| -0.3 to -0.2 | 255 | 3.7% | |
| -0.2 to -0.1 | 254 | 3.7% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 328 | 4.8% | |
| 0.2 to 0.3 | 328 | 4.8% | |
| 0.3 to 0.4 | 520 | 7.6% | |
| 0.4 to 0.5 | 519 | 7.6% | |
| 0.5 to 0.6 | 1,031 | 15.1% | |
| 0.6 to 0.7 | 1,030 | 15.1% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 395 | 5.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ARTW?
Arts-Way Manufacturing Co Inc (ARTW) has an average correlation of about 0.25 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is ARTW positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for ARTW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for ARTW.
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