Carrier Global Corporation (CARR) Correlation Distribution
Across 6,809 rolling correlation observations between Carrier Global Corporation (CARR) and other NASDAQ-listed stocks, 45.8% are positive and 54.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.019, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.019
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.8%
- Strong positive (≥0.7)
- 15.4%
- Sector
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 113 | 1.7% | |
| -0.8 to -0.7 | 112 | 1.6% | |
| -0.7 to -0.6 | 488 | 7.2% | |
| -0.6 to -0.5 | 487 | 7.2% | |
| -0.5 to -0.4 | 624 | 9.2% | |
| -0.4 to -0.3 | 623 | 9.1% | |
| -0.3 to -0.2 | 464 | 6.8% | |
| -0.2 to -0.1 | 463 | 6.8% | |
| -0.1 to 0.0 | 318 | 4.7% | |
| 0.0 to 0.1 | 317 | 4.7% | |
| 0.1 to 0.2 | 268 | 3.9% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 331 | 4.9% | |
| 0.6 to 0.7 | 330 | 4.8% | |
| 0.7 to 0.8 | 476 | 7.0% | |
| 0.8 to 0.9 | 475 | 7.0% | |
| 0.9 to 1.0 | 98 | 1.4% |
Frequently asked questions
What is the average correlation of CARR?
Carrier Global Corporation (CARR) has an average correlation of about 0.019 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CARR positively correlated with other stocks?
Not predominantly — 45.8% of pairs are positive and 54.2% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for CARR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.8% of all pairs.
Explore the full interactive correlation distribution for CARR.
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