Embraer S.A. (ERJ) Correlation Distribution
Across 6,809 rolling correlation observations between Embraer S.A. (ERJ) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,809
- Mean correlation
- -0.023
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 15.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 153 | 2.2% | |
| -0.8 to -0.7 | 152 | 2.2% | |
| -0.7 to -0.6 | 574 | 8.4% | |
| -0.6 to -0.5 | 574 | 8.4% | |
| -0.5 to -0.4 | 704 | 10.3% | |
| -0.4 to -0.3 | 703 | 10.3% | |
| -0.3 to -0.2 | 393 | 5.8% | |
| -0.2 to -0.1 | 392 | 5.8% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 252 | 3.7% | |
| 0.2 to 0.3 | 252 | 3.7% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 284 | 4.2% | |
| 0.6 to 0.7 | 283 | 4.2% | |
| 0.7 to 0.8 | 402 | 5.9% | |
| 0.8 to 0.9 | 402 | 5.9% | |
| 0.9 to 1.0 | 237 | 3.5% |
Frequently asked questions
What is the average correlation of ERJ?
Embraer S.A. (ERJ) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ERJ positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for ERJ?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.4% of all pairs.
Explore the full interactive correlation distribution for ERJ.
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