Cars.com Inc. Common Stock (CARS) Correlation Distribution
Across 6,809 rolling correlation observations between Cars.com Inc. Common Stock (CARS) and other NASDAQ-listed stocks, 41.7% are positive and 58.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.045
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.7%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 421 | 6.2% | |
| -0.6 to -0.5 | 421 | 6.2% | |
| -0.5 to -0.4 | 814 | 12.0% | |
| -0.4 to -0.3 | 814 | 12.0% | |
| -0.3 to -0.2 | 543 | 8.0% | |
| -0.2 to -0.1 | 542 | 8.0% | |
| -0.1 to 0.0 | 366 | 5.4% | |
| 0.0 to 0.1 | 365 | 5.4% | |
| 0.1 to 0.2 | 332 | 4.9% | |
| 0.2 to 0.3 | 331 | 4.9% | |
| 0.3 to 0.4 | 405 | 5.9% | |
| 0.4 to 0.5 | 404 | 5.9% | |
| 0.5 to 0.6 | 377 | 5.5% | |
| 0.6 to 0.7 | 376 | 5.5% | |
| 0.7 to 0.8 | 124 | 1.8% | |
| 0.8 to 0.9 | 123 | 1.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CARS?
Cars.com Inc. Common Stock (CARS) has an average correlation of about -0.045 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CARS positively correlated with other stocks?
Not predominantly — 41.7% of pairs are positive and 58.3% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for CARS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.4% of all pairs.
Explore the full interactive correlation distribution for CARS.
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