Emerson Electric Co. (EMR) Correlation Distribution
Across 6,809 rolling correlation observations between Emerson Electric Co. (EMR) and other NASDAQ-listed stocks, 48.5% are positive and 51.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.059
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.5%
- Strong positive (≥0.7)
- 15%
- Sector
- Electronic & Other Electrical Equipment (No Computer Equip)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 345 | 5.1% | |
| -0.6 to -0.5 | 345 | 5.1% | |
| -0.5 to -0.4 | 614 | 9.0% | |
| -0.4 to -0.3 | 614 | 9.0% | |
| -0.3 to -0.2 | 557 | 8.2% | |
| -0.2 to -0.1 | 557 | 8.2% | |
| -0.1 to 0.0 | 376 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 289 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 309 | 4.5% | |
| 0.4 to 0.5 | 309 | 4.5% | |
| 0.5 to 0.6 | 357 | 5.2% | |
| 0.6 to 0.7 | 356 | 5.2% | |
| 0.7 to 0.8 | 499 | 7.3% | |
| 0.8 to 0.9 | 499 | 7.3% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of EMR?
Emerson Electric Co. (EMR) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EMR positively correlated with other stocks?
Not predominantly — 48.5% of pairs are positive and 51.5% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for EMR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for EMR.
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