Electro-Sensors Inc (ELSE) Correlation Distribution
Across 6,764 rolling correlation observations between Electro-Sensors Inc (ELSE) and other NASDAQ-listed stocks, 71.7% are positive and 28.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,764
- Mean correlation
- 0.197
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.7%
- Strong positive (≥0.7)
- 3.3%
- Sector
- Industrial Instruments For Measurement, Display, And Control
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 57 | 0.8% | |
| -0.8 to -0.7 | 57 | 0.8% | |
| -0.7 to -0.6 | 65 | 1.0% | |
| -0.6 to -0.5 | 64 | 0.9% | |
| -0.5 to -0.4 | 183 | 2.7% | |
| -0.4 to -0.3 | 183 | 2.7% | |
| -0.3 to -0.2 | 416 | 6.2% | |
| -0.2 to -0.1 | 416 | 6.2% | |
| -0.1 to 0.0 | 474 | 7.0% | |
| 0.0 to 0.1 | 473 | 7.0% | |
| 0.1 to 0.2 | 671 | 9.9% | |
| 0.2 to 0.3 | 670 | 9.9% | |
| 0.3 to 0.4 | 805 | 11.9% | |
| 0.4 to 0.5 | 805 | 11.9% | |
| 0.5 to 0.6 | 600 | 8.9% | |
| 0.6 to 0.7 | 600 | 8.9% | |
| 0.7 to 0.8 | 111 | 1.6% | |
| 0.8 to 0.9 | 110 | 1.6% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of ELSE?
Electro-Sensors Inc (ELSE) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,764 pairwise observations.
Is ELSE positively correlated with other stocks?
Mostly yes — 71.7% of pairs are positive and 28.3% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for ELSE?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.1% of all pairs.
Explore the full interactive correlation distribution for ELSE.
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