The Estee Lauder Companies Inc. Class A (EL) Correlation Distribution
Across 6,809 rolling correlation observations between The Estee Lauder Companies Inc. Class A (EL) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- 0.235
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 26.2%
- Sector
- Perfumes, Cosmetics & Other Toilet Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 72 | 1.1% | |
| -0.9 to -0.8 | 310 | 4.6% | |
| -0.8 to -0.7 | 310 | 4.6% | |
| -0.7 to -0.6 | 257 | 3.8% | |
| -0.6 to -0.5 | 257 | 3.8% | |
| -0.5 to -0.4 | 202 | 3.0% | |
| -0.4 to -0.3 | 201 | 3.0% | |
| -0.3 to -0.2 | 180 | 2.6% | |
| -0.2 to -0.1 | 179 | 2.6% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 381 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 715 | 10.5% | |
| 0.6 to 0.7 | 714 | 10.5% | |
| 0.7 to 0.8 | 813 | 11.9% | |
| 0.8 to 0.9 | 812 | 11.9% | |
| 0.9 to 1.0 | 162 | 2.4% |
Frequently asked questions
What is the average correlation of EL?
The Estee Lauder Companies Inc. Class A (EL) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EL positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for EL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for EL.
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