Consolidated Edison, Inc. (ED) Correlation Distribution
Across 6,809 rolling correlation observations between Consolidated Edison, Inc. (ED) and other NASDAQ-listed stocks, 35.7% are positive and 64.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.201, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 22.8%.
- Total observations
- 6,809
- Mean correlation
- -0.201
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.7%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 777 | 11.4% | |
| -0.8 to -0.7 | 776 | 11.4% | |
| -0.7 to -0.6 | 558 | 8.2% | |
| -0.6 to -0.5 | 557 | 8.2% | |
| -0.5 to -0.4 | 384 | 5.6% | |
| -0.4 to -0.3 | 384 | 5.6% | |
| -0.3 to -0.2 | 319 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 302 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 304 | 4.5% | |
| 0.5 to 0.6 | 349 | 5.1% | |
| 0.6 to 0.7 | 349 | 5.1% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 127 | 1.9% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of ED?
Consolidated Edison, Inc. (ED) has an average correlation of about -0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ED positively correlated with other stocks?
Not predominantly — 35.7% of pairs are positive and 64.3% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for ED?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for ED.
Open interactive dashboard →