Churchill Downs Inc (CHDN) Correlation Distribution
Across 6,809 rolling correlation observations between Churchill Downs Inc (CHDN) and other NASDAQ-listed stocks, 43.3% are positive and 56.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.024, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- -0.024
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.3%
- Strong positive (≥0.7)
- 3.2%
- Sector
- Services-Racing, Including Track Operation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 361 | 5.3% | |
| -0.6 to -0.5 | 360 | 5.3% | |
| -0.5 to -0.4 | 822 | 12.1% | |
| -0.4 to -0.3 | 821 | 12.1% | |
| -0.3 to -0.2 | 544 | 8.0% | |
| -0.2 to -0.1 | 544 | 8.0% | |
| -0.1 to 0.0 | 389 | 5.7% | |
| 0.0 to 0.1 | 388 | 5.7% | |
| 0.1 to 0.2 | 332 | 4.9% | |
| 0.2 to 0.3 | 331 | 4.9% | |
| 0.3 to 0.4 | 371 | 5.4% | |
| 0.4 to 0.5 | 371 | 5.4% | |
| 0.5 to 0.6 | 466 | 6.8% | |
| 0.6 to 0.7 | 465 | 6.8% | |
| 0.7 to 0.8 | 111 | 1.6% | |
| 0.8 to 0.9 | 110 | 1.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CHDN?
Churchill Downs Inc (CHDN) has an average correlation of about -0.024 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHDN positively correlated with other stocks?
Not predominantly — 43.3% of pairs are positive and 56.7% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for CHDN?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 37.1% of all pairs.
Explore the full interactive correlation distribution for CHDN.
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