Flowserve Corporation (FLS) Correlation Distribution
Across 6,809 rolling correlation observations between Flowserve Corporation (FLS) and other NASDAQ-listed stocks, 46.5% are positive and 53.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.04, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.04
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.5%
- Strong positive (≥0.7)
- 13.9%
- Sector
- Pumps & Pumping Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 92 | 1.4% | |
| -0.8 to -0.7 | 92 | 1.4% | |
| -0.7 to -0.6 | 308 | 4.5% | |
| -0.6 to -0.5 | 307 | 4.5% | |
| -0.5 to -0.4 | 595 | 8.7% | |
| -0.4 to -0.3 | 595 | 8.7% | |
| -0.3 to -0.2 | 647 | 9.5% | |
| -0.2 to -0.1 | 647 | 9.5% | |
| -0.1 to 0.0 | 360 | 5.3% | |
| 0.0 to 0.1 | 359 | 5.3% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 434 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 78 | 1.1% |
Frequently asked questions
What is the average correlation of FLS?
Flowserve Corporation (FLS) has an average correlation of about 0.04 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FLS positively correlated with other stocks?
Not predominantly — 46.5% of pairs are positive and 53.5% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for FLS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 38.8% of all pairs.
Explore the full interactive correlation distribution for FLS.
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