Cintas Corp (CTAS) Correlation Distribution
Across 6,809 rolling correlation observations between Cintas Corp (CTAS) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.101, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 12.4%.
- Total observations
- 6,809
- Mean correlation
- -0.101
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 409 | 6.0% | |
| -0.8 to -0.7 | 409 | 6.0% | |
| -0.7 to -0.6 | 851 | 12.5% | |
| -0.6 to -0.5 | 850 | 12.5% | |
| -0.5 to -0.4 | 478 | 7.0% | |
| -0.4 to -0.3 | 478 | 7.0% | |
| -0.3 to -0.2 | 254 | 3.7% | |
| -0.2 to -0.1 | 254 | 3.7% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 177 | 2.6% | |
| 0.3 to 0.4 | 201 | 3.0% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 231 | 3.4% | |
| 0.6 to 0.7 | 231 | 3.4% | |
| 0.7 to 0.8 | 374 | 5.5% | |
| 0.8 to 0.9 | 374 | 5.5% | |
| 0.9 to 1.0 | 406 | 6.0% |
Frequently asked questions
What is the average correlation of CTAS?
Cintas Corp (CTAS) has an average correlation of about -0.101 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CTAS positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for CTAS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for CTAS.
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