The Campbell's Company Common Stock (CPB) Correlation Distribution
Across 6,809 rolling correlation observations between The Campbell's Company Common Stock (CPB) and other NASDAQ-listed stocks, 44.5% are positive and 55.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- -0.059
- Most common range
- -0.1 to 0.0
- Positive pairs
- 44.5%
- Strong positive (≥0.7)
- 0.5%
- Sector
- Food And Kindred Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 242 | 3.6% | |
| -0.6 to -0.5 | 241 | 3.5% | |
| -0.5 to -0.4 | 600 | 8.8% | |
| -0.4 to -0.3 | 600 | 8.8% | |
| -0.3 to -0.2 | 613 | 9.0% | |
| -0.2 to -0.1 | 613 | 9.0% | |
| -0.1 to 0.0 | 851 | 12.5% | |
| 0.0 to 0.1 | 850 | 12.5% | |
| 0.1 to 0.2 | 736 | 10.8% | |
| 0.2 to 0.3 | 736 | 10.8% | |
| 0.3 to 0.4 | 250 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 89 | 1.3% | |
| 0.6 to 0.7 | 88 | 1.3% | |
| 0.7 to 0.8 | 15 | 0.2% | |
| 0.8 to 0.9 | 15 | 0.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CPB?
The Campbell's Company Common Stock (CPB) has an average correlation of about -0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CPB positively correlated with other stocks?
Not predominantly — 44.5% of pairs are positive and 55.5% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for CPB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 64.6% of all pairs.
Explore the full interactive correlation distribution for CPB.
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