Franklin Electric Co Inc (FELE) Correlation Distribution
Across 6,809 rolling correlation observations between Franklin Electric Co Inc (FELE) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- -0.03
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 10.9%
- Sector
- Motors & Generators
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 154 | 2.3% | |
| -0.8 to -0.7 | 153 | 2.2% | |
| -0.7 to -0.6 | 597 | 8.8% | |
| -0.6 to -0.5 | 596 | 8.8% | |
| -0.5 to -0.4 | 613 | 9.0% | |
| -0.4 to -0.3 | 613 | 9.0% | |
| -0.3 to -0.2 | 406 | 6.0% | |
| -0.2 to -0.1 | 406 | 6.0% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 278 | 4.1% | |
| 0.4 to 0.5 | 278 | 4.1% | |
| 0.5 to 0.6 | 406 | 6.0% | |
| 0.6 to 0.7 | 405 | 5.9% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 369 | 5.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of FELE?
Franklin Electric Co Inc (FELE) has an average correlation of about -0.03 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FELE positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for FELE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for FELE.
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