Check Point Software Technologies Ltd (CHKP) Correlation Distribution
Across 6,809 rolling correlation observations between Check Point Software Technologies Ltd (CHKP) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 13%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 216 | 3.2% | |
| -0.8 to -0.7 | 215 | 3.2% | |
| -0.7 to -0.6 | 681 | 10.0% | |
| -0.6 to -0.5 | 680 | 10.0% | |
| -0.5 to -0.4 | 776 | 11.4% | |
| -0.4 to -0.3 | 776 | 11.4% | |
| -0.3 to -0.2 | 322 | 4.7% | |
| -0.2 to -0.1 | 322 | 4.7% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 240 | 3.5% | |
| 0.4 to 0.5 | 239 | 3.5% | |
| 0.5 to 0.6 | 260 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 384 | 5.6% | |
| 0.8 to 0.9 | 384 | 5.6% | |
| 0.9 to 1.0 | 120 | 1.8% |
Frequently asked questions
What is the average correlation of CHKP?
Check Point Software Technologies Ltd (CHKP) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHKP positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for CHKP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for CHKP.
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