Columbus McKinnon Corp/NY (CMCO) Correlation Distribution
Across 6,809 rolling correlation observations between Columbus McKinnon Corp/NY (CMCO) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.254
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 5.4%
- Sector
- Construction Machinery & Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 82 | 1.2% | |
| -0.6 to -0.5 | 82 | 1.2% | |
| -0.5 to -0.4 | 293 | 4.3% | |
| -0.4 to -0.3 | 293 | 4.3% | |
| -0.3 to -0.2 | 362 | 5.3% | |
| -0.2 to -0.1 | 361 | 5.3% | |
| -0.1 to 0.0 | 365 | 5.4% | |
| 0.0 to 0.1 | 365 | 5.4% | |
| 0.1 to 0.2 | 424 | 6.2% | |
| 0.2 to 0.3 | 423 | 6.2% | |
| 0.3 to 0.4 | 677 | 9.9% | |
| 0.4 to 0.5 | 676 | 9.9% | |
| 0.5 to 0.6 | 1,014 | 14.9% | |
| 0.6 to 0.7 | 1,014 | 14.9% | |
| 0.7 to 0.8 | 183 | 2.7% | |
| 0.8 to 0.9 | 182 | 2.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CMCO?
Columbus McKinnon Corp/NY (CMCO) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMCO positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 5.4%.
What is the most common correlation range for CMCO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.8% of all pairs.
Explore the full interactive correlation distribution for CMCO.
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