Erie Indemnity Co (ERIE) Correlation Distribution
Across 6,809 rolling correlation observations between Erie Indemnity Co (ERIE) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.116, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.116
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 12.3%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 298 | 4.4% | |
| -0.8 to -0.7 | 298 | 4.4% | |
| -0.7 to -0.6 | 769 | 11.3% | |
| -0.6 to -0.5 | 769 | 11.3% | |
| -0.5 to -0.4 | 655 | 9.6% | |
| -0.4 to -0.3 | 654 | 9.6% | |
| -0.3 to -0.2 | 333 | 4.9% | |
| -0.2 to -0.1 | 332 | 4.9% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 224 | 3.3% | |
| 0.4 to 0.5 | 223 | 3.3% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 395 | 5.8% | |
| 0.9 to 1.0 | 48 | 0.7% |
Frequently asked questions
What is the average correlation of ERIE?
Erie Indemnity Co (ERIE) has an average correlation of about -0.116 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ERIE positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for ERIE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for ERIE.
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