Diebold Nixdorf, Incorporated (DBD) Correlation Distribution
Across 6,765 rolling correlation observations between Diebold Nixdorf, Incorporated (DBD) and other NASDAQ-listed stocks, 41.7% are positive and 58.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,765
- Mean correlation
- -0.032
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.7%
- Strong positive (≥0.7)
- 14.4%
- Sector
- Calculating & Accounting Machines (No Electronic Computers)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 37 | 0.5% | |
| -0.9 to -0.8 | 207 | 3.1% | |
| -0.8 to -0.7 | 206 | 3.0% | |
| -0.7 to -0.6 | 461 | 6.8% | |
| -0.6 to -0.5 | 461 | 6.8% | |
| -0.5 to -0.4 | 718 | 10.6% | |
| -0.4 to -0.3 | 717 | 10.6% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 428 | 6.3% | |
| -0.1 to 0.0 | 282 | 4.2% | |
| 0.0 to 0.1 | 281 | 4.2% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 250 | 3.7% | |
| 0.4 to 0.5 | 249 | 3.7% | |
| 0.5 to 0.6 | 288 | 4.3% | |
| 0.6 to 0.7 | 287 | 4.2% | |
| 0.7 to 0.8 | 398 | 5.9% | |
| 0.8 to 0.9 | 397 | 5.9% | |
| 0.9 to 1.0 | 180 | 2.7% |
Frequently asked questions
What is the average correlation of DBD?
Diebold Nixdorf, Incorporated (DBD) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,765 pairwise observations.
Is DBD positively correlated with other stocks?
Not predominantly — 41.7% of pairs are positive and 58.3% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for DBD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for DBD.
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