CDW Corporation (CDW) Correlation Distribution
Across 6,809 rolling correlation observations between CDW Corporation (CDW) and other NASDAQ-listed stocks, 43.4% are positive and 56.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- -0.023
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.4%
- Strong positive (≥0.7)
- 5.9%
- Sector
- Retail-Catalog & Mail-Order Houses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 66 | 1.0% | |
| -0.8 to -0.7 | 66 | 1.0% | |
| -0.7 to -0.6 | 421 | 6.2% | |
| -0.6 to -0.5 | 420 | 6.2% | |
| -0.5 to -0.4 | 662 | 9.7% | |
| -0.4 to -0.3 | 662 | 9.7% | |
| -0.3 to -0.2 | 590 | 8.7% | |
| -0.2 to -0.1 | 589 | 8.7% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 375 | 5.5% | |
| 0.1 to 0.2 | 331 | 4.9% | |
| 0.2 to 0.3 | 331 | 4.9% | |
| 0.3 to 0.4 | 362 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 399 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 198 | 2.9% | |
| 0.8 to 0.9 | 197 | 2.9% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of CDW?
CDW Corporation (CDW) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CDW positively correlated with other stocks?
Not predominantly — 43.4% of pairs are positive and 56.6% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for CDW?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for CDW.
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