Fortune Brands Innovations, Inc. (FBIN) Correlation Distribution
Across 6,323 rolling correlation observations between Fortune Brands Innovations, Inc. (FBIN) and other NASDAQ-listed stocks, 58.8% are positive and 41.2% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.094, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,323
- Mean correlation
- 0.094
- Most common range
- 0.1 to 0.2
- Positive pairs
- 58.8%
- Strong positive (≥0.7)
- 3.5%
- Sector
- Millwood, Veneer, Plywood, & Structural Wood Members
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 132 | 2.1% | |
| -0.6 to -0.5 | 132 | 2.1% | |
| -0.5 to -0.4 | 367 | 5.8% | |
| -0.4 to -0.3 | 366 | 5.8% | |
| -0.3 to -0.2 | 518 | 8.2% | |
| -0.2 to -0.1 | 518 | 8.2% | |
| -0.1 to 0.0 | 554 | 8.8% | |
| 0.0 to 0.1 | 554 | 8.8% | |
| 0.1 to 0.2 | 578 | 9.1% | |
| 0.2 to 0.3 | 577 | 9.1% | |
| 0.3 to 0.4 | 541 | 8.6% | |
| 0.4 to 0.5 | 541 | 8.6% | |
| 0.5 to 0.6 | 353 | 5.6% | |
| 0.6 to 0.7 | 353 | 5.6% | |
| 0.7 to 0.8 | 111 | 1.8% | |
| 0.8 to 0.9 | 110 | 1.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of FBIN?
Fortune Brands Innovations, Inc. (FBIN) has an average correlation of about 0.094 with other NASDAQ stocks, based on 6,323 pairwise observations.
Is FBIN positively correlated with other stocks?
Mostly yes — 58.8% of pairs are positive and 41.2% are negative. Strong positive correlations (≥0.7) make up 3.5%.
What is the most common correlation range for FBIN?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 52.2% of all pairs.
Explore the full interactive correlation distribution for FBIN.
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