Cooper-Standard Automotive Inc. (CPS) Correlation Distribution
Across 6,809 rolling correlation observations between Cooper-Standard Automotive Inc. (CPS) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.233
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 10.1%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 110 | 1.6% | |
| -0.6 to -0.5 | 110 | 1.6% | |
| -0.5 to -0.4 | 226 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 469 | 6.9% | |
| -0.2 to -0.1 | 469 | 6.9% | |
| -0.1 to 0.0 | 466 | 6.8% | |
| 0.0 to 0.1 | 465 | 6.8% | |
| 0.1 to 0.2 | 454 | 6.7% | |
| 0.2 to 0.3 | 453 | 6.7% | |
| 0.3 to 0.4 | 558 | 8.2% | |
| 0.4 to 0.5 | 557 | 8.2% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 770 | 11.3% | |
| 0.7 to 0.8 | 344 | 5.1% | |
| 0.8 to 0.9 | 343 | 5.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CPS?
Cooper-Standard Automotive Inc. (CPS) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CPS positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for CPS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.8% of all pairs.
Explore the full interactive correlation distribution for CPS.
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