Edison International (EIX) Correlation Distribution
Across 6,809 rolling correlation observations between Edison International (EIX) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.07
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 360 | 5.3% | |
| -0.6 to -0.5 | 360 | 5.3% | |
| -0.5 to -0.4 | 820 | 12.0% | |
| -0.4 to -0.3 | 819 | 12.0% | |
| -0.3 to -0.2 | 600 | 8.8% | |
| -0.2 to -0.1 | 599 | 8.8% | |
| -0.1 to 0.0 | 453 | 6.7% | |
| 0.0 to 0.1 | 452 | 6.6% | |
| 0.1 to 0.2 | 398 | 5.8% | |
| 0.2 to 0.3 | 397 | 5.8% | |
| 0.3 to 0.4 | 444 | 6.5% | |
| 0.4 to 0.5 | 444 | 6.5% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 26 | 0.4% | |
| 0.8 to 0.9 | 25 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EIX?
Edison International (EIX) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EIX 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 0.7%.
What is the most common correlation range for EIX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.6% of all pairs.
Explore the full interactive correlation distribution for EIX.
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