Compass Minerals International, Inc. (CMP) Correlation Distribution
Across 6,809 rolling correlation observations between Compass Minerals International, Inc. (CMP) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.8% and strong negative correlations (≤−0.7) for 11.8%.
- Total observations
- 6,809
- Mean correlation
- 0.242
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 34.8%
- Sector
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 61 | 0.9% | |
| -0.9 to -0.8 | 371 | 5.4% | |
| -0.8 to -0.7 | 370 | 5.4% | |
| -0.7 to -0.6 | 270 | 4.0% | |
| -0.6 to -0.5 | 269 | 4.0% | |
| -0.5 to -0.4 | 186 | 2.7% | |
| -0.4 to -0.3 | 186 | 2.7% | |
| -0.3 to -0.2 | 181 | 2.7% | |
| -0.2 to -0.1 | 180 | 2.6% | |
| -0.1 to 0.0 | 194 | 2.8% | |
| 0.0 to 0.1 | 194 | 2.8% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 276 | 4.1% | |
| 0.5 to 0.6 | 520 | 7.6% | |
| 0.6 to 0.7 | 519 | 7.6% | |
| 0.7 to 0.8 | 1,091 | 16.0% | |
| 0.8 to 0.9 | 1,091 | 16.0% | |
| 0.9 to 1.0 | 187 | 2.7% |
Frequently asked questions
What is the average correlation of CMP?
Compass Minerals International, Inc. (CMP) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMP positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 34.8%.
What is the most common correlation range for CMP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for CMP.
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