Charles River Laboratories International, Inc. (CRL) Correlation Distribution
Across 6,809 rolling correlation observations between Charles River Laboratories International, Inc. (CRL) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.9% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 24.9%
- Sector
- Services-Commercial Physical & Biological Research
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 153 | 2.2% | |
| -0.6 to -0.5 | 153 | 2.2% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 283 | 4.2% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 334 | 4.9% | |
| 0.2 to 0.3 | 334 | 4.9% | |
| 0.3 to 0.4 | 469 | 6.9% | |
| 0.4 to 0.5 | 469 | 6.9% | |
| 0.5 to 0.6 | 690 | 10.1% | |
| 0.6 to 0.7 | 689 | 10.1% | |
| 0.7 to 0.8 | 785 | 11.5% | |
| 0.8 to 0.9 | 785 | 11.5% | |
| 0.9 to 1.0 | 125 | 1.8% |
Frequently asked questions
What is the average correlation of CRL?
Charles River Laboratories International, Inc. (CRL) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRL positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 24.9%.
What is the most common correlation range for CRL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for CRL.
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