Caterpillar Inc. (CAT) Correlation Distribution
Across 6,809 rolling correlation observations between Caterpillar Inc. (CAT) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,809
- Mean correlation
- -0.06
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Construction Machinery & Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 239 | 3.5% | |
| -0.8 to -0.7 | 239 | 3.5% | |
| -0.7 to -0.6 | 781 | 11.5% | |
| -0.6 to -0.5 | 781 | 11.5% | |
| -0.5 to -0.4 | 597 | 8.8% | |
| -0.4 to -0.3 | 597 | 8.8% | |
| -0.3 to -0.2 | 312 | 4.6% | |
| -0.2 to -0.1 | 312 | 4.6% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 212 | 3.1% | |
| 0.2 to 0.3 | 211 | 3.1% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 202 | 3.0% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 450 | 6.6% | |
| 0.9 to 1.0 | 235 | 3.5% |
Frequently asked questions
What is the average correlation of CAT?
Caterpillar Inc. (CAT) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAT positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for CAT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for CAT.
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