Cardinal Health, Inc. (CAH) Correlation Distribution
Across 6,809 rolling correlation observations between Cardinal Health, Inc. (CAH) and other NASDAQ-listed stocks, 35.2% are positive and 64.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.172, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 21.2%.
- Total observations
- 6,809
- Mean correlation
- -0.172
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.2%
- Strong positive (≥0.7)
- 14.4%
- Sector
- Wholesale-Drugs, Proprietaries & Druggists' Sundries
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 49 | 0.7% | |
| -0.9 to -0.8 | 698 | 10.3% | |
| -0.8 to -0.7 | 698 | 10.3% | |
| -0.7 to -0.6 | 821 | 12.1% | |
| -0.6 to -0.5 | 821 | 12.1% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 178 | 2.6% | |
| 0.3 to 0.4 | 194 | 2.8% | |
| 0.4 to 0.5 | 193 | 2.8% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 371 | 5.4% | |
| 0.8 to 0.9 | 371 | 5.4% | |
| 0.9 to 1.0 | 238 | 3.5% |
Frequently asked questions
What is the average correlation of CAH?
Cardinal Health, Inc. (CAH) has an average correlation of about -0.172 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAH positively correlated with other stocks?
Not predominantly — 35.2% of pairs are positive and 64.8% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for CAH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for CAH.
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