e.l.f. Beauty, Inc. (ELF) Correlation Distribution
Across 6,809 rolling correlation observations between e.l.f. Beauty, Inc. (ELF) and other NASDAQ-listed stocks, 35.2% are positive and 64.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.158, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 9.9%.
- Total observations
- 6,809
- Mean correlation
- -0.158
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.2%
- Strong positive (≥0.7)
- 8.8%
- Sector
- Perfumes, Cosmetics & Other Toilet Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 333 | 4.9% | |
| -0.8 to -0.7 | 333 | 4.9% | |
| -0.7 to -0.6 | 976 | 14.3% | |
| -0.6 to -0.5 | 976 | 14.3% | |
| -0.5 to -0.4 | 483 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 252 | 3.7% | |
| 0.5 to 0.6 | 288 | 4.2% | |
| 0.6 to 0.7 | 287 | 4.2% | |
| 0.7 to 0.8 | 246 | 3.6% | |
| 0.8 to 0.9 | 246 | 3.6% | |
| 0.9 to 1.0 | 110 | 1.6% |
Frequently asked questions
What is the average correlation of ELF?
e.l.f. Beauty, Inc. (ELF) has an average correlation of about -0.158 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ELF positively correlated with other stocks?
Not predominantly — 35.2% of pairs are positive and 64.8% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for ELF?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for ELF.
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