Central Garden & Pet Company (CENTA) Correlation Distribution
Across 6,809 rolling correlation observations between Central Garden & Pet Company (CENTA) and other NASDAQ-listed stocks, 80.2% are positive and 19.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.235
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80.2%
- Strong positive (≥0.7)
- 1.3%
- Sector
- Wholesale-Miscellaneous Nondurable Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 25 | 0.4% | |
| -0.6 to -0.5 | 24 | 0.4% | |
| -0.5 to -0.4 | 119 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 222 | 3.3% | |
| -0.2 to -0.1 | 222 | 3.3% | |
| -0.1 to 0.0 | 615 | 9.0% | |
| 0.0 to 0.1 | 614 | 9.0% | |
| 0.1 to 0.2 | 863 | 12.7% | |
| 0.2 to 0.3 | 863 | 12.7% | |
| 0.3 to 0.4 | 1,058 | 15.5% | |
| 0.4 to 0.5 | 1,057 | 15.5% | |
| 0.5 to 0.6 | 458 | 6.7% | |
| 0.6 to 0.7 | 458 | 6.7% | |
| 0.7 to 0.8 | 45 | 0.7% | |
| 0.8 to 0.9 | 45 | 0.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CENTA?
Central Garden & Pet Company (CENTA) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CENTA positively correlated with other stocks?
Mostly yes — 80.2% of pairs are positive and 19.8% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for CENTA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49.9% of all pairs.
Explore the full interactive correlation distribution for CENTA.
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