CBIZ, Inc. (CBZ) Correlation Distribution
Across 6,809 rolling correlation observations between CBIZ, Inc. (CBZ) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.151, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 24.1%.
- Total observations
- 6,809
- Mean correlation
- -0.151
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 16.4%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 47 | 0.7% | |
| -0.9 to -0.8 | 797 | 11.7% | |
| -0.8 to -0.7 | 796 | 11.7% | |
| -0.7 to -0.6 | 687 | 10.1% | |
| -0.6 to -0.5 | 687 | 10.1% | |
| -0.5 to -0.4 | 312 | 4.6% | |
| -0.4 to -0.3 | 312 | 4.6% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 217 | 3.2% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 183 | 2.7% | |
| 0.4 to 0.5 | 183 | 2.7% | |
| 0.5 to 0.6 | 237 | 3.5% | |
| 0.6 to 0.7 | 237 | 3.5% | |
| 0.7 to 0.8 | 398 | 5.8% | |
| 0.8 to 0.9 | 398 | 5.8% | |
| 0.9 to 1.0 | 319 | 4.7% |
Frequently asked questions
What is the average correlation of CBZ?
CBIZ, Inc. (CBZ) has an average correlation of about -0.151 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CBZ positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for CBZ?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for CBZ.
Open interactive dashboard →