Core & Main, Inc. (CNM) Correlation Distribution
Across 6,804 rolling correlation observations between Core & Main, Inc. (CNM) and other NASDAQ-listed stocks, 40% are positive and 60% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,804
- Mean correlation
- -0.058
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Wholesale-Durable Goods, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 279 | 4.1% | |
| -0.8 to -0.7 | 279 | 4.1% | |
| -0.7 to -0.6 | 549 | 8.1% | |
| -0.6 to -0.5 | 548 | 8.1% | |
| -0.5 to -0.4 | 652 | 9.6% | |
| -0.4 to -0.3 | 651 | 9.6% | |
| -0.3 to -0.2 | 420 | 6.2% | |
| -0.2 to -0.1 | 419 | 6.2% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 281 | 4.1% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 215 | 3.2% | |
| 0.5 to 0.6 | 297 | 4.4% | |
| 0.6 to 0.7 | 297 | 4.4% | |
| 0.7 to 0.8 | 434 | 6.4% | |
| 0.8 to 0.9 | 434 | 6.4% | |
| 0.9 to 1.0 | 99 | 1.5% |
Frequently asked questions
What is the average correlation of CNM?
Core & Main, Inc. (CNM) has an average correlation of about -0.058 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is CNM positively correlated with other stocks?
Not predominantly — 40% of pairs are positive and 60% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for CNM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.2% of all pairs.
Explore the full interactive correlation distribution for CNM.
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