TechnipFMC plc Ordinary Share (FTI) Correlation Distribution
Across 6,809 rolling correlation observations between TechnipFMC plc Ordinary Share (FTI) and other NASDAQ-listed stocks, 35.9% are positive and 64.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.147, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 17.1%.
- Total observations
- 6,809
- Mean correlation
- -0.147
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.9%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Oil & Gas Field Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 63 | 0.9% | |
| -0.9 to -0.8 | 549 | 8.1% | |
| -0.8 to -0.7 | 549 | 8.1% | |
| -0.7 to -0.6 | 854 | 12.5% | |
| -0.6 to -0.5 | 853 | 12.5% | |
| -0.5 to -0.4 | 414 | 6.1% | |
| -0.4 to -0.3 | 414 | 6.1% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 194 | 2.8% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 183 | 2.7% | |
| 0.2 to 0.3 | 182 | 2.7% | |
| 0.3 to 0.4 | 197 | 2.9% | |
| 0.4 to 0.5 | 196 | 2.9% | |
| 0.5 to 0.6 | 226 | 3.3% | |
| 0.6 to 0.7 | 226 | 3.3% | |
| 0.7 to 0.8 | 357 | 5.2% | |
| 0.8 to 0.9 | 356 | 5.2% | |
| 0.9 to 1.0 | 331 | 4.9% |
Frequently asked questions
What is the average correlation of FTI?
TechnipFMC plc Ordinary Share (FTI) has an average correlation of about -0.147 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FTI positively correlated with other stocks?
Not predominantly — 35.9% of pairs are positive and 64.1% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for FTI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for FTI.
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