FPL (FPL) Correlation Distribution
Across 6,646 rolling correlation observations between FPL (FPL) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.062, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,646
- Mean correlation
- -0.062
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 13.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 274 | 4.1% | |
| -0.8 to -0.7 | 273 | 4.1% | |
| -0.7 to -0.6 | 660 | 9.9% | |
| -0.6 to -0.5 | 660 | 9.9% | |
| -0.5 to -0.4 | 551 | 8.3% | |
| -0.4 to -0.3 | 550 | 8.3% | |
| -0.3 to -0.2 | 336 | 5.1% | |
| -0.2 to -0.1 | 336 | 5.1% | |
| -0.1 to 0.0 | 265 | 4.0% | |
| 0.0 to 0.1 | 265 | 4.0% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 228 | 3.4% | |
| 0.3 to 0.4 | 243 | 3.7% | |
| 0.4 to 0.5 | 242 | 3.6% | |
| 0.5 to 0.6 | 324 | 4.9% | |
| 0.6 to 0.7 | 323 | 4.9% | |
| 0.7 to 0.8 | 408 | 6.1% | |
| 0.8 to 0.9 | 408 | 6.1% | |
| 0.9 to 1.0 | 69 | 1.0% |
Frequently asked questions
What is the average correlation of FPL?
FPL (FPL) has an average correlation of about -0.062 with other NASDAQ stocks, based on 6,646 pairwise observations.
Is FPL positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for FPL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for FPL.
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