Carpenter Technology Corp (CRS) Correlation Distribution
Across 6,809 rolling correlation observations between Carpenter Technology Corp (CRS) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- -0.065
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 196 | 2.9% | |
| -0.8 to -0.7 | 195 | 2.9% | |
| -0.7 to -0.6 | 665 | 9.8% | |
| -0.6 to -0.5 | 664 | 9.8% | |
| -0.5 to -0.4 | 795 | 11.7% | |
| -0.4 to -0.3 | 795 | 11.7% | |
| -0.3 to -0.2 | 312 | 4.6% | |
| -0.2 to -0.1 | 311 | 4.6% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 206 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 257 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 406 | 6.0% | |
| 0.8 to 0.9 | 405 | 5.9% | |
| 0.9 to 1.0 | 248 | 3.6% |
Frequently asked questions
What is the average correlation of CRS?
Carpenter Technology Corp (CRS) has an average correlation of about -0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRS positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for CRS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for CRS.
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