Flex Ltd. Ordinary Shares (FLEX) Correlation Distribution
Across 6,809 rolling correlation observations between Flex Ltd. Ordinary Shares (FLEX) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.092, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 9.9%.
- Total observations
- 6,809
- Mean correlation
- -0.092
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Printed Circuit Boards
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 337 | 4.9% | |
| -0.8 to -0.7 | 336 | 4.9% | |
| -0.7 to -0.6 | 889 | 13.1% | |
| -0.6 to -0.5 | 888 | 13.0% | |
| -0.5 to -0.4 | 506 | 7.4% | |
| -0.4 to -0.3 | 505 | 7.4% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 248 | 3.6% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 216 | 3.2% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 201 | 3.0% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 252 | 3.7% | |
| 0.7 to 0.8 | 408 | 6.0% | |
| 0.8 to 0.9 | 408 | 6.0% | |
| 0.9 to 1.0 | 306 | 4.5% |
Frequently asked questions
What is the average correlation of FLEX?
Flex Ltd. Ordinary Shares (FLEX) has an average correlation of about -0.092 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FLEX positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for FLEX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for FLEX.
Open interactive dashboard →