Canadian Pacific Kansas City Limited (CP) Correlation Distribution
Across 6,809 rolling correlation observations between Canadian Pacific Kansas City Limited (CP) and other NASDAQ-listed stocks, 45.6% are positive and 54.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.001, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.001
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.6%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Railroads, Line-Haul Operating
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 233 | 3.4% | |
| -0.6 to -0.5 | 233 | 3.4% | |
| -0.5 to -0.4 | 771 | 11.3% | |
| -0.4 to -0.3 | 770 | 11.3% | |
| -0.3 to -0.2 | 603 | 8.9% | |
| -0.2 to -0.1 | 603 | 8.9% | |
| -0.1 to 0.0 | 433 | 6.4% | |
| 0.0 to 0.1 | 433 | 6.4% | |
| 0.1 to 0.2 | 373 | 5.5% | |
| 0.2 to 0.3 | 372 | 5.5% | |
| 0.3 to 0.4 | 421 | 6.2% | |
| 0.4 to 0.5 | 420 | 6.2% | |
| 0.5 to 0.6 | 459 | 6.7% | |
| 0.6 to 0.7 | 458 | 6.7% | |
| 0.7 to 0.8 | 86 | 1.3% | |
| 0.8 to 0.9 | 86 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CP?
Canadian Pacific Kansas City Limited (CP) has an average correlation of about -0.001 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CP positively correlated with other stocks?
Not predominantly — 45.6% of pairs are positive and 54.4% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for CP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 41.4% of all pairs.
Explore the full interactive correlation distribution for CP.
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