EPAM SYSTEMS, INC. (EPAM) Correlation Distribution
Across 6,809 rolling correlation observations between EPAM SYSTEMS, INC. (EPAM) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.278
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 21.8%
- Sector
- Services-Computer Programming Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 286 | 4.2% | |
| -0.6 to -0.5 | 285 | 4.2% | |
| -0.5 to -0.4 | 303 | 4.4% | |
| -0.4 to -0.3 | 303 | 4.4% | |
| -0.3 to -0.2 | 254 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 230 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 327 | 4.8% | |
| 0.2 to 0.3 | 326 | 4.8% | |
| 0.3 to 0.4 | 487 | 7.2% | |
| 0.4 to 0.5 | 487 | 7.2% | |
| 0.5 to 0.6 | 754 | 11.1% | |
| 0.6 to 0.7 | 753 | 11.1% | |
| 0.7 to 0.8 | 735 | 10.8% | |
| 0.8 to 0.9 | 735 | 10.8% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of EPAM?
EPAM SYSTEMS, INC. (EPAM) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EPAM positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 21.8%.
What is the most common correlation range for EPAM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for EPAM.
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