Cabot Corporation (CBT) Correlation Distribution
Across 6,809 rolling correlation observations between Cabot Corporation (CBT) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 14.3%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 13.2%
- Sector
- Miscellaneous Chemical Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 487 | 7.2% | |
| -0.8 to -0.7 | 487 | 7.2% | |
| -0.7 to -0.6 | 783 | 11.5% | |
| -0.6 to -0.5 | 782 | 11.5% | |
| -0.5 to -0.4 | 432 | 6.3% | |
| -0.4 to -0.3 | 431 | 6.3% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 224 | 3.3% | |
| 0.4 to 0.5 | 224 | 3.3% | |
| 0.5 to 0.6 | 314 | 4.6% | |
| 0.6 to 0.7 | 313 | 4.6% | |
| 0.7 to 0.8 | 426 | 6.3% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 44 | 0.6% |
Frequently asked questions
What is the average correlation of CBT?
Cabot Corporation (CBT) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CBT positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for CBT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for CBT.
Open interactive dashboard →