Cal-Maine Foods Inc (CALM) Correlation Distribution
Across 6,809 rolling correlation observations between Cal-Maine Foods Inc (CALM) and other NASDAQ-listed stocks, 36.2% are positive and 63.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.133, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- -0.133
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.2%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 286 | 4.2% | |
| -0.8 to -0.7 | 285 | 4.2% | |
| -0.7 to -0.6 | 935 | 13.7% | |
| -0.6 to -0.5 | 935 | 13.7% | |
| -0.5 to -0.4 | 525 | 7.7% | |
| -0.4 to -0.3 | 525 | 7.7% | |
| -0.3 to -0.2 | 307 | 4.5% | |
| -0.2 to -0.1 | 306 | 4.5% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 245 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 300 | 4.4% | |
| 0.6 to 0.7 | 299 | 4.4% | |
| 0.7 to 0.8 | 323 | 4.7% | |
| 0.8 to 0.9 | 322 | 4.7% | |
| 0.9 to 1.0 | 62 | 0.9% |
Frequently asked questions
What is the average correlation of CALM?
Cal-Maine Foods Inc (CALM) has an average correlation of about -0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CALM positively correlated with other stocks?
Not predominantly — 36.2% of pairs are positive and 63.8% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for CALM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for CALM.
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