Federal Signal Corp. (FSS) Correlation Distribution
Across 6,809 rolling correlation observations between Federal Signal Corp. (FSS) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.115, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 14.1%.
- Total observations
- 6,809
- Mean correlation
- -0.115
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Motor Vehicles & Passenger Car Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 470 | 6.9% | |
| -0.8 to -0.7 | 470 | 6.9% | |
| -0.7 to -0.6 | 848 | 12.5% | |
| -0.6 to -0.5 | 847 | 12.4% | |
| -0.5 to -0.4 | 451 | 6.6% | |
| -0.4 to -0.3 | 450 | 6.6% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 248 | 3.6% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 195 | 2.9% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 195 | 2.9% | |
| 0.4 to 0.5 | 194 | 2.8% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 243 | 3.6% | |
| 0.7 to 0.8 | 368 | 5.4% | |
| 0.8 to 0.9 | 367 | 5.4% | |
| 0.9 to 1.0 | 371 | 5.4% |
Frequently asked questions
What is the average correlation of FSS?
Federal Signal Corp. (FSS) has an average correlation of about -0.115 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FSS positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for FSS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for FSS.
Open interactive dashboard →