Eastern Company (EML) Correlation Distribution
Across 6,808 rolling correlation observations between Eastern Company (EML) and other NASDAQ-listed stocks, 75.6% are positive and 24.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.207, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,808
- Mean correlation
- 0.207
- Most common range
- 0.1 to 0.2
- Positive pairs
- 75.6%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Cutlery, Handtools & General Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 91 | 1.3% | |
| -0.6 to -0.5 | 91 | 1.3% | |
| -0.5 to -0.4 | 153 | 2.2% | |
| -0.4 to -0.3 | 152 | 2.2% | |
| -0.3 to -0.2 | 292 | 4.3% | |
| -0.2 to -0.1 | 292 | 4.3% | |
| -0.1 to 0.0 | 547 | 8.0% | |
| 0.0 to 0.1 | 547 | 8.0% | |
| 0.1 to 0.2 | 870 | 12.8% | |
| 0.2 to 0.3 | 870 | 12.8% | |
| 0.3 to 0.4 | 814 | 12.0% | |
| 0.4 to 0.5 | 814 | 12.0% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 473 | 6.9% | |
| 0.7 to 0.8 | 142 | 2.1% | |
| 0.8 to 0.9 | 142 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EML?
Eastern Company (EML) has an average correlation of about 0.207 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is EML positively correlated with other stocks?
Mostly yes — 75.6% of pairs are positive and 24.4% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for EML?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 50.2% of all pairs.
Explore the full interactive correlation distribution for EML.
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