DXP Enterprises Inc (DXPE) Correlation Distribution
Across 6,809 rolling correlation observations between DXP Enterprises Inc (DXPE) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.024, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- -0.024
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Wholesale-Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 479 | 7.0% | |
| -0.6 to -0.5 | 479 | 7.0% | |
| -0.5 to -0.4 | 844 | 12.4% | |
| -0.4 to -0.3 | 843 | 12.4% | |
| -0.3 to -0.2 | 447 | 6.6% | |
| -0.2 to -0.1 | 446 | 6.6% | |
| -0.1 to 0.0 | 296 | 4.3% | |
| 0.0 to 0.1 | 295 | 4.3% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 240 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 307 | 4.5% | |
| 0.6 to 0.7 | 307 | 4.5% | |
| 0.7 to 0.8 | 398 | 5.8% | |
| 0.8 to 0.9 | 397 | 5.8% | |
| 0.9 to 1.0 | 117 | 1.7% |
Frequently asked questions
What is the average correlation of DXPE?
DXP Enterprises Inc (DXPE) has an average correlation of about -0.024 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DXPE positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for DXPE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.1% of all pairs.
Explore the full interactive correlation distribution for DXPE.
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