ESCO Technologies, Inc. (ESE) Correlation Distribution
Across 6,809 rolling correlation observations between ESCO Technologies, Inc. (ESE) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.033
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 10%
- Sector
- Communications Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 120 | 1.8% | |
| -0.8 to -0.7 | 120 | 1.8% | |
| -0.7 to -0.6 | 438 | 6.4% | |
| -0.6 to -0.5 | 437 | 6.4% | |
| -0.5 to -0.4 | 665 | 9.8% | |
| -0.4 to -0.3 | 664 | 9.8% | |
| -0.3 to -0.2 | 616 | 9.0% | |
| -0.2 to -0.1 | 616 | 9.0% | |
| -0.1 to 0.0 | 343 | 5.0% | |
| 0.0 to 0.1 | 342 | 5.0% | |
| 0.1 to 0.2 | 293 | 4.3% | |
| 0.2 to 0.3 | 292 | 4.3% | |
| 0.3 to 0.4 | 267 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 326 | 4.8% | |
| 0.6 to 0.7 | 325 | 4.8% | |
| 0.7 to 0.8 | 319 | 4.7% | |
| 0.8 to 0.9 | 319 | 4.7% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of ESE?
ESCO Technologies, Inc. (ESE) has an average correlation of about -0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESE positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for ESE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.7% of all pairs.
Explore the full interactive correlation distribution for ESE.
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