The Ensign Group, Inc. (ENSG) Correlation Distribution
Across 6,809 rolling correlation observations between The Ensign Group, Inc. (ENSG) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Services-Skilled Nursing Care Facilities
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 297 | 4.4% | |
| -0.8 to -0.7 | 296 | 4.3% | |
| -0.7 to -0.6 | 827 | 12.1% | |
| -0.6 to -0.5 | 826 | 12.1% | |
| -0.5 to -0.4 | 545 | 8.0% | |
| -0.4 to -0.3 | 545 | 8.0% | |
| -0.3 to -0.2 | 277 | 4.1% | |
| -0.2 to -0.1 | 276 | 4.1% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 203 | 3.0% | |
| 0.4 to 0.5 | 202 | 3.0% | |
| 0.5 to 0.6 | 266 | 3.9% | |
| 0.6 to 0.7 | 266 | 3.9% | |
| 0.7 to 0.8 | 445 | 6.5% | |
| 0.8 to 0.9 | 444 | 6.5% | |
| 0.9 to 1.0 | 251 | 3.7% |
Frequently asked questions
What is the average correlation of ENSG?
The Ensign Group, Inc. (ENSG) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ENSG positively correlated with other stocks?
Not predominantly — 39.7% of pairs are positive and 60.3% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for ENSG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for ENSG.
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