Colgate-Palmolive Company (CL) Correlation Distribution
Across 6,809 rolling correlation observations between Colgate-Palmolive Company (CL) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.019, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.019
- Most common range
- -0.3 to -0.2
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 6.3%
- Sector
- Perfumes, Cosmetics & Other Toilet Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 46 | 0.7% | |
| -0.7 to -0.6 | 234 | 3.4% | |
| -0.6 to -0.5 | 233 | 3.4% | |
| -0.5 to -0.4 | 576 | 8.5% | |
| -0.4 to -0.3 | 575 | 8.4% | |
| -0.3 to -0.2 | 798 | 11.7% | |
| -0.2 to -0.1 | 798 | 11.7% | |
| -0.1 to 0.0 | 415 | 6.1% | |
| 0.0 to 0.1 | 415 | 6.1% | |
| 0.1 to 0.2 | 345 | 5.1% | |
| 0.2 to 0.3 | 344 | 5.1% | |
| 0.3 to 0.4 | 367 | 5.4% | |
| 0.4 to 0.5 | 366 | 5.4% | |
| 0.5 to 0.6 | 411 | 6.0% | |
| 0.6 to 0.7 | 411 | 6.0% | |
| 0.7 to 0.8 | 214 | 3.1% | |
| 0.8 to 0.9 | 213 | 3.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CL?
Colgate-Palmolive Company (CL) has an average correlation of about 0.019 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CL positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for CL?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 45.7% of all pairs.
Explore the full interactive correlation distribution for CL.
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