Fidelity National Information Services, Inc. (FIS) Correlation Distribution
Across 6,809 rolling correlation observations between Fidelity National Information Services, Inc. (FIS) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.4% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,809
- Mean correlation
- 0.254
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 32.4%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 175 | 2.6% | |
| -0.8 to -0.7 | 175 | 2.6% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 301 | 4.4% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 313 | 4.6% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 248 | 3.6% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 310 | 4.6% | |
| 0.4 to 0.5 | 309 | 4.5% | |
| 0.5 to 0.6 | 482 | 7.1% | |
| 0.6 to 0.7 | 481 | 7.1% | |
| 0.7 to 0.8 | 951 | 14.0% | |
| 0.8 to 0.9 | 950 | 14.0% | |
| 0.9 to 1.0 | 305 | 4.5% |
Frequently asked questions
What is the average correlation of FIS?
Fidelity National Information Services, Inc. (FIS) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FIS positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 32.4%.
What is the most common correlation range for FIS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for FIS.
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