Ferguson Enterprises Inc. (FERG) Correlation Distribution
Across 6,806 rolling correlation observations between Ferguson Enterprises Inc. (FERG) and other NASDAQ-listed stocks, 40.8% are positive and 59.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.035, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,806
- Mean correlation
- -0.035
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.8%
- Strong positive (≥0.7)
- 10.4%
- Sector
- Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 117 | 1.7% | |
| -0.8 to -0.7 | 117 | 1.7% | |
| -0.7 to -0.6 | 433 | 6.4% | |
| -0.6 to -0.5 | 432 | 6.3% | |
| -0.5 to -0.4 | 747 | 11.0% | |
| -0.4 to -0.3 | 747 | 11.0% | |
| -0.3 to -0.2 | 552 | 8.1% | |
| -0.2 to -0.1 | 552 | 8.1% | |
| -0.1 to 0.0 | 330 | 4.8% | |
| 0.0 to 0.1 | 329 | 4.8% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 276 | 4.1% | |
| 0.3 to 0.4 | 274 | 4.0% | |
| 0.4 to 0.5 | 273 | 4.0% | |
| 0.5 to 0.6 | 321 | 4.7% | |
| 0.6 to 0.7 | 321 | 4.7% | |
| 0.7 to 0.8 | 338 | 5.0% | |
| 0.8 to 0.9 | 338 | 5.0% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of FERG?
Ferguson Enterprises Inc. (FERG) has an average correlation of about -0.035 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FERG positively correlated with other stocks?
Not predominantly — 40.8% of pairs are positive and 59.2% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for FERG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34% of all pairs.
Explore the full interactive correlation distribution for FERG.
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