COTY INC (COTY) Correlation Distribution
Across 6,809 rolling correlation observations between COTY INC (COTY) and other NASDAQ-listed stocks, 46% are positive and 54% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- -0.005
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46%
- Strong positive (≥0.7)
- 2.8%
- Sector
- Perfumes, Cosmetics & Other Toilet Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 186 | 2.7% | |
| -0.6 to -0.5 | 186 | 2.7% | |
| -0.5 to -0.4 | 524 | 7.7% | |
| -0.4 to -0.3 | 524 | 7.7% | |
| -0.3 to -0.2 | 758 | 11.1% | |
| -0.2 to -0.1 | 758 | 11.1% | |
| -0.1 to 0.0 | 673 | 9.9% | |
| 0.0 to 0.1 | 673 | 9.9% | |
| 0.1 to 0.2 | 498 | 7.3% | |
| 0.2 to 0.3 | 498 | 7.3% | |
| 0.3 to 0.4 | 372 | 5.5% | |
| 0.4 to 0.5 | 371 | 5.4% | |
| 0.5 to 0.6 | 264 | 3.9% | |
| 0.6 to 0.7 | 264 | 3.9% | |
| 0.7 to 0.8 | 96 | 1.4% | |
| 0.8 to 0.9 | 95 | 1.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of COTY?
COTY INC (COTY) has an average correlation of about -0.005 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is COTY positively correlated with other stocks?
Not predominantly — 46% of pairs are positive and 54% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for COTY?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56.7% of all pairs.
Explore the full interactive correlation distribution for COTY.
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