Fortinet, Inc. (FTNT) Correlation Distribution
Across 6,809 rolling correlation observations between Fortinet, Inc. (FTNT) and other NASDAQ-listed stocks, 43.8% are positive and 56.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- -0.03
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.8%
- Strong positive (≥0.7)
- 12.2%
- Sector
- Computer Peripheral Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 165 | 2.4% | |
| -0.8 to -0.7 | 164 | 2.4% | |
| -0.7 to -0.6 | 608 | 8.9% | |
| -0.6 to -0.5 | 607 | 8.9% | |
| -0.5 to -0.4 | 563 | 8.3% | |
| -0.4 to -0.3 | 563 | 8.3% | |
| -0.3 to -0.2 | 422 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 314 | 4.6% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 279 | 4.1% | |
| 0.4 to 0.5 | 278 | 4.1% | |
| 0.5 to 0.6 | 325 | 4.8% | |
| 0.6 to 0.7 | 325 | 4.8% | |
| 0.7 to 0.8 | 406 | 6.0% | |
| 0.8 to 0.9 | 405 | 5.9% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of FTNT?
Fortinet, Inc. (FTNT) has an average correlation of about -0.03 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FTNT positively correlated with other stocks?
Not predominantly — 43.8% of pairs are positive and 56.2% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for FTNT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.9% of all pairs.
Explore the full interactive correlation distribution for FTNT.
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