Espey Mfg. & Electronics Corp (ESP) Correlation Distribution
Across 6,803 rolling correlation observations between Espey Mfg. & Electronics Corp (ESP) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.076, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,803
- Mean correlation
- -0.076
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 9.3%
- Sector
- Electronic Components, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 151 | 2.2% | |
| -0.8 to -0.7 | 151 | 2.2% | |
| -0.7 to -0.6 | 526 | 7.7% | |
| -0.6 to -0.5 | 526 | 7.7% | |
| -0.5 to -0.4 | 787 | 11.6% | |
| -0.4 to -0.3 | 787 | 11.6% | |
| -0.3 to -0.2 | 516 | 7.6% | |
| -0.2 to -0.1 | 515 | 7.6% | |
| -0.1 to 0.0 | 273 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 228 | 3.4% | |
| 0.4 to 0.5 | 227 | 3.3% | |
| 0.5 to 0.6 | 323 | 4.7% | |
| 0.6 to 0.7 | 323 | 4.7% | |
| 0.7 to 0.8 | 313 | 4.6% | |
| 0.8 to 0.9 | 313 | 4.6% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of ESP?
Espey Mfg. & Electronics Corp (ESP) has an average correlation of about -0.076 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is ESP positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for ESP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for ESP.
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