Eastman Chemical Company (EMN) Correlation Distribution
Across 6,809 rolling correlation observations between Eastman Chemical Company (EMN) and other NASDAQ-listed stocks, 79% are positive and 21% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.314
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Plastic Materials, Synth Resins & Nonvulcan Elastomers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 55 | 0.8% | |
| -0.6 to -0.5 | 55 | 0.8% | |
| -0.5 to -0.4 | 134 | 2.0% | |
| -0.4 to -0.3 | 133 | 2.0% | |
| -0.3 to -0.2 | 300 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 427 | 6.3% | |
| 0.0 to 0.1 | 426 | 6.3% | |
| 0.1 to 0.2 | 460 | 6.8% | |
| 0.2 to 0.3 | 460 | 6.8% | |
| 0.3 to 0.4 | 733 | 10.8% | |
| 0.4 to 0.5 | 732 | 10.8% | |
| 0.5 to 0.6 | 938 | 13.8% | |
| 0.6 to 0.7 | 938 | 13.8% | |
| 0.7 to 0.8 | 345 | 5.1% | |
| 0.8 to 0.9 | 344 | 5.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of EMN?
Eastman Chemical Company (EMN) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EMN positively correlated with other stocks?
Mostly yes — 79% of pairs are positive and 21% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for EMN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.9% of all pairs.
Explore the full interactive correlation distribution for EMN.
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