Ashland Inc. (ASH) Correlation Distribution
Across 6,809 rolling correlation observations between Ashland Inc. (ASH) and other NASDAQ-listed stocks, 57.3% are positive and 42.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.058
- Most common range
- 0.1 to 0.2
- Positive pairs
- 57.3%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Wholesale-Chemicals & Allied Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 214 | 3.1% | |
| -0.6 to -0.5 | 214 | 3.1% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 510 | 7.5% | |
| -0.2 to -0.1 | 509 | 7.5% | |
| -0.1 to 0.0 | 673 | 9.9% | |
| 0.0 to 0.1 | 672 | 9.9% | |
| 0.1 to 0.2 | 674 | 9.9% | |
| 0.2 to 0.3 | 674 | 9.9% | |
| 0.3 to 0.4 | 550 | 8.1% | |
| 0.4 to 0.5 | 549 | 8.1% | |
| 0.5 to 0.6 | 335 | 4.9% | |
| 0.6 to 0.7 | 334 | 4.9% | |
| 0.7 to 0.8 | 58 | 0.9% | |
| 0.8 to 0.9 | 57 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ASH?
Ashland Inc. (ASH) has an average correlation of about 0.058 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ASH positively correlated with other stocks?
Mostly yes — 57.3% of pairs are positive and 42.7% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for ASH?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54.5% of all pairs.
Explore the full interactive correlation distribution for ASH.
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