Edwards Lifesciences Corp (EW) Correlation Distribution
Across 6,809 rolling correlation observations between Edwards Lifesciences Corp (EW) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.244
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 12%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 122 | 1.8% | |
| -0.5 to -0.4 | 336 | 4.9% | |
| -0.4 to -0.3 | 336 | 4.9% | |
| -0.3 to -0.2 | 336 | 4.9% | |
| -0.2 to -0.1 | 335 | 4.9% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 465 | 6.8% | |
| 0.2 to 0.3 | 465 | 6.8% | |
| 0.3 to 0.4 | 595 | 8.7% | |
| 0.4 to 0.5 | 594 | 8.7% | |
| 0.5 to 0.6 | 773 | 11.4% | |
| 0.6 to 0.7 | 773 | 11.4% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 407 | 6.0% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of EW?
Edwards Lifesciences Corp (EW) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EW positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for EW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.9% of all pairs.
Explore the full interactive correlation distribution for EW.
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