Freeport-McMoran Inc. (FCX) Correlation Distribution
Across 6,809 rolling correlation observations between Freeport-McMoran Inc. (FCX) and other NASDAQ-listed stocks, 51.1% are positive and 48.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.05, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.05
- Most common range
- -0.3 to -0.2
- Positive pairs
- 51.1%
- Strong positive (≥0.7)
- 4.1%
- Sector
- Metal Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 225 | 3.3% | |
| -0.6 to -0.5 | 225 | 3.3% | |
| -0.5 to -0.4 | 494 | 7.3% | |
| -0.4 to -0.3 | 493 | 7.2% | |
| -0.3 to -0.2 | 652 | 9.6% | |
| -0.2 to -0.1 | 651 | 9.6% | |
| -0.1 to 0.0 | 524 | 7.7% | |
| 0.0 to 0.1 | 524 | 7.7% | |
| 0.1 to 0.2 | 422 | 6.2% | |
| 0.2 to 0.3 | 421 | 6.2% | |
| 0.3 to 0.4 | 424 | 6.2% | |
| 0.4 to 0.5 | 423 | 6.2% | |
| 0.5 to 0.6 | 492 | 7.2% | |
| 0.6 to 0.7 | 491 | 7.2% | |
| 0.7 to 0.8 | 140 | 2.1% | |
| 0.8 to 0.9 | 140 | 2.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of FCX?
Freeport-McMoran Inc. (FCX) has an average correlation of about 0.05 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FCX positively correlated with other stocks?
Mostly yes — 51.1% of pairs are positive and 48.9% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for FCX?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.9% of all pairs.
Explore the full interactive correlation distribution for FCX.
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