Fortrea Holdings Inc. Common Stock (FTRE) Correlation Distribution
Across 5,942 rolling correlation observations between Fortrea Holdings Inc. Common Stock (FTRE) and other NASDAQ-listed stocks, 51.7% are positive and 48.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 12.1%.
- Total observations
- 5,942
- Mean correlation
- 0.023
- Most common range
- 0.5 to 0.6
- Positive pairs
- 51.7%
- Strong positive (≥0.7)
- 13.5%
- Sector
- Services-Medical Laboratories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.3% | |
| -0.9 to -0.8 | 351 | 5.9% | |
| -0.8 to -0.7 | 351 | 5.9% | |
| -0.7 to -0.6 | 397 | 6.7% | |
| -0.6 to -0.5 | 396 | 6.7% | |
| -0.5 to -0.4 | 320 | 5.4% | |
| -0.4 to -0.3 | 319 | 5.4% | |
| -0.3 to -0.2 | 245 | 4.1% | |
| -0.2 to -0.1 | 245 | 4.1% | |
| -0.1 to 0.0 | 230 | 3.9% | |
| 0.0 to 0.1 | 230 | 3.9% | |
| 0.1 to 0.2 | 237 | 4.0% | |
| 0.2 to 0.3 | 236 | 4.0% | |
| 0.3 to 0.4 | 359 | 6.0% | |
| 0.4 to 0.5 | 358 | 6.0% | |
| 0.5 to 0.6 | 425 | 7.2% | |
| 0.6 to 0.7 | 425 | 7.2% | |
| 0.7 to 0.8 | 381 | 6.4% | |
| 0.8 to 0.9 | 381 | 6.4% | |
| 0.9 to 1.0 | 41 | 0.7% |
Frequently asked questions
What is the average correlation of FTRE?
Fortrea Holdings Inc. Common Stock (FTRE) has an average correlation of about 0.023 with other NASDAQ stocks, based on 5,942 pairwise observations.
Is FTRE positively correlated with other stocks?
Mostly yes — 51.7% of pairs are positive and 48.3% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for FTRE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for FTRE.
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