Dollar Tree Inc. (DLTR) Correlation Distribution
Across 6,809 rolling correlation observations between Dollar Tree Inc. (DLTR) and other NASDAQ-listed stocks, 41.9% are positive and 58.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- -0.06
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41.9%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Retail-Variety Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 152 | 2.2% | |
| -0.8 to -0.7 | 151 | 2.2% | |
| -0.7 to -0.6 | 330 | 4.8% | |
| -0.6 to -0.5 | 329 | 4.8% | |
| -0.5 to -0.4 | 446 | 6.6% | |
| -0.4 to -0.3 | 445 | 6.5% | |
| -0.3 to -0.2 | 739 | 10.9% | |
| -0.2 to -0.1 | 739 | 10.9% | |
| -0.1 to 0.0 | 626 | 9.2% | |
| 0.0 to 0.1 | 626 | 9.2% | |
| 0.1 to 0.2 | 441 | 6.5% | |
| 0.2 to 0.3 | 441 | 6.5% | |
| 0.3 to 0.4 | 344 | 5.1% | |
| 0.4 to 0.5 | 344 | 5.1% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 85 | 1.2% | |
| 0.8 to 0.9 | 84 | 1.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of DLTR?
Dollar Tree Inc. (DLTR) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DLTR positively correlated with other stocks?
Not predominantly — 41.9% of pairs are positive and 58.1% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for DLTR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 53% of all pairs.
Explore the full interactive correlation distribution for DLTR.
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