Elbit Systems Ltd (ESLT) Correlation Distribution
Across 6,809 rolling correlation observations between Elbit Systems Ltd (ESLT) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.13, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.13
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 5.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 185 | 2.7% | |
| -0.7 to -0.6 | 843 | 12.4% | |
| -0.6 to -0.5 | 843 | 12.4% | |
| -0.5 to -0.4 | 601 | 8.8% | |
| -0.4 to -0.3 | 600 | 8.8% | |
| -0.3 to -0.2 | 377 | 5.5% | |
| -0.2 to -0.1 | 376 | 5.5% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 323 | 4.7% | |
| 0.6 to 0.7 | 322 | 4.7% | |
| 0.7 to 0.8 | 193 | 2.8% | |
| 0.8 to 0.9 | 192 | 2.8% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of ESLT?
Elbit Systems Ltd (ESLT) has an average correlation of about -0.13 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESLT positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for ESLT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for ESLT.
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