Enerpac Tool Group Corp. (EPAC) Correlation Distribution
Across 6,809 rolling correlation observations between Enerpac Tool Group Corp. (EPAC) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 15.5%
- Sector
- Misc Industrial & Commercial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 244 | 3.6% | |
| -0.8 to -0.7 | 244 | 3.6% | |
| -0.7 to -0.6 | 593 | 8.7% | |
| -0.6 to -0.5 | 593 | 8.7% | |
| -0.5 to -0.4 | 712 | 10.5% | |
| -0.4 to -0.3 | 711 | 10.4% | |
| -0.3 to -0.2 | 373 | 5.5% | |
| -0.2 to -0.1 | 373 | 5.5% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 226 | 3.3% | |
| 0.4 to 0.5 | 225 | 3.3% | |
| 0.5 to 0.6 | 254 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 383 | 5.6% | |
| 0.8 to 0.9 | 383 | 5.6% | |
| 0.9 to 1.0 | 288 | 4.2% |
Frequently asked questions
What is the average correlation of EPAC?
Enerpac Tool Group Corp. (EPAC) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EPAC 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 15.5%.
What is the most common correlation range for EPAC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.8% of all pairs.
Explore the full interactive correlation distribution for EPAC.
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