Dick's Sporting Goods, Inc. (DKS) Correlation Distribution
Across 6,809 rolling correlation observations between Dick's Sporting Goods, Inc. (DKS) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 7.9%.
- Total observations
- 6,809
- Mean correlation
- -0.067
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Retail-Miscellaneous Shopping Goods Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 269 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 785 | 11.5% | |
| -0.6 to -0.5 | 785 | 11.5% | |
| -0.5 to -0.4 | 549 | 8.1% | |
| -0.4 to -0.3 | 549 | 8.1% | |
| -0.3 to -0.2 | 308 | 4.5% | |
| -0.2 to -0.1 | 307 | 4.5% | |
| -0.1 to 0.0 | 236 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 221 | 3.2% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 289 | 4.2% | |
| 0.7 to 0.8 | 453 | 6.7% | |
| 0.8 to 0.9 | 453 | 6.7% | |
| 0.9 to 1.0 | 154 | 2.3% |
Frequently asked questions
What is the average correlation of DKS?
Dick's Sporting Goods, Inc. (DKS) has an average correlation of about -0.067 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DKS positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for DKS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for DKS.
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