AutoZone, Inc. (AZO) Correlation Distribution
Across 6,809 rolling correlation observations between AutoZone, Inc. (AZO) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.183, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 30.4%.
- Total observations
- 6,809
- Mean correlation
- -0.183
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Retail-Auto & Home Supply Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 144 | 2.1% | |
| -0.9 to -0.8 | 965 | 14.2% | |
| -0.8 to -0.7 | 964 | 14.2% | |
| -0.7 to -0.6 | 536 | 7.9% | |
| -0.6 to -0.5 | 536 | 7.9% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 207 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 189 | 2.8% | |
| 0.4 to 0.5 | 188 | 2.8% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 249 | 3.7% | |
| 0.7 to 0.8 | 415 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 210 | 3.1% |
Frequently asked questions
What is the average correlation of AZO?
AutoZone, Inc. (AZO) has an average correlation of about -0.183 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AZO positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for AZO?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for AZO.
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