Casey's General Stores Inc (CASY) Correlation Distribution
Across 6,809 rolling correlation observations between Casey's General Stores Inc (CASY) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.101, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- -0.101
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 338 | 5.0% | |
| -0.8 to -0.7 | 337 | 4.9% | |
| -0.7 to -0.6 | 862 | 12.7% | |
| -0.6 to -0.5 | 861 | 12.6% | |
| -0.5 to -0.4 | 554 | 8.1% | |
| -0.4 to -0.3 | 554 | 8.1% | |
| -0.3 to -0.2 | 254 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 179 | 2.6% | |
| 0.2 to 0.3 | 179 | 2.6% | |
| 0.3 to 0.4 | 208 | 3.1% | |
| 0.4 to 0.5 | 207 | 3.0% | |
| 0.5 to 0.6 | 244 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 367 | 5.4% | |
| 0.8 to 0.9 | 366 | 5.4% | |
| 0.9 to 1.0 | 349 | 5.1% |
Frequently asked questions
What is the average correlation of CASY?
Casey's General Stores Inc (CASY) has an average correlation of about -0.101 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CASY positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for CASY?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for CASY.
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