Dolby Laboratories, Inc.Class A (DLB) Correlation Distribution
Across 6,809 rolling correlation observations between Dolby Laboratories, Inc.Class A (DLB) and other NASDAQ-listed stocks, 75.5% are positive and 24.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.253, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.253
- Most common range
- 0.3 to 0.4
- Positive pairs
- 75.5%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Patent Owners & Lessors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 21 | 0.3% | |
| -0.6 to -0.5 | 20 | 0.3% | |
| -0.5 to -0.4 | 111 | 1.6% | |
| -0.4 to -0.3 | 111 | 1.6% | |
| -0.3 to -0.2 | 441 | 6.5% | |
| -0.2 to -0.1 | 441 | 6.5% | |
| -0.1 to 0.0 | 521 | 7.7% | |
| 0.0 to 0.1 | 520 | 7.6% | |
| 0.1 to 0.2 | 601 | 8.8% | |
| 0.2 to 0.3 | 601 | 8.8% | |
| 0.3 to 0.4 | 809 | 11.9% | |
| 0.4 to 0.5 | 809 | 11.9% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 770 | 11.3% | |
| 0.7 to 0.8 | 129 | 1.9% | |
| 0.8 to 0.9 | 129 | 1.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DLB?
Dolby Laboratories, Inc.Class A (DLB) has an average correlation of about 0.253 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DLB positively correlated with other stocks?
Mostly yes — 75.5% of pairs are positive and 24.5% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for DLB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.9% of all pairs.
Explore the full interactive correlation distribution for DLB.
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