EMCOR Group, Inc. (EME) Correlation Distribution
Across 6,809 rolling correlation observations between EMCOR Group, Inc. (EME) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.2% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 17.2%
- Sector
- Electrical Work
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 321 | 4.7% | |
| -0.8 to -0.7 | 321 | 4.7% | |
| -0.7 to -0.6 | 863 | 12.7% | |
| -0.6 to -0.5 | 862 | 12.7% | |
| -0.5 to -0.4 | 544 | 8.0% | |
| -0.4 to -0.3 | 544 | 8.0% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 183 | 2.7% | |
| 0.2 to 0.3 | 182 | 2.7% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 199 | 2.9% | |
| 0.5 to 0.6 | 227 | 3.3% | |
| 0.6 to 0.7 | 227 | 3.3% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 374 | 5.5% | |
| 0.9 to 1.0 | 420 | 6.2% |
Frequently asked questions
What is the average correlation of EME?
EMCOR Group, Inc. (EME) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EME positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 17.2%.
What is the most common correlation range for EME?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for EME.
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