Factset Research Systems (FDS) Correlation Distribution
Across 6,809 rolling correlation observations between Factset Research Systems (FDS) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.101, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 10.5%.
- Total observations
- 6,809
- Mean correlation
- -0.101
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 4.3%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 357 | 5.2% | |
| -0.8 to -0.7 | 356 | 5.2% | |
| -0.7 to -0.6 | 591 | 8.7% | |
| -0.6 to -0.5 | 590 | 8.7% | |
| -0.5 to -0.4 | 499 | 7.3% | |
| -0.4 to -0.3 | 498 | 7.3% | |
| -0.3 to -0.2 | 386 | 5.7% | |
| -0.2 to -0.1 | 385 | 5.7% | |
| -0.1 to 0.0 | 342 | 5.0% | |
| 0.0 to 0.1 | 341 | 5.0% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 354 | 5.2% | |
| 0.5 to 0.6 | 414 | 6.1% | |
| 0.6 to 0.7 | 413 | 6.1% | |
| 0.7 to 0.8 | 148 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of FDS?
Factset Research Systems (FDS) has an average correlation of about -0.101 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FDS positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for FDS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for FDS.
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