Forward Air Corp (FWRD) Correlation Distribution
Across 6,809 rolling correlation observations between Forward Air Corp (FWRD) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.099, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.1% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,809
- Mean correlation
- 0.099
- Most common range
- 0.3 to 0.4
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 7.1%
- Sector
- Arrangement Of Transportation Of Freight & Cargo
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 224 | 3.3% | |
| -0.8 to -0.7 | 223 | 3.3% | |
| -0.7 to -0.6 | 312 | 4.6% | |
| -0.6 to -0.5 | 311 | 4.6% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 280 | 4.1% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 330 | 4.8% | |
| 0.0 to 0.1 | 330 | 4.8% | |
| 0.1 to 0.2 | 539 | 7.9% | |
| 0.2 to 0.3 | 538 | 7.9% | |
| 0.3 to 0.4 | 721 | 10.6% | |
| 0.4 to 0.5 | 720 | 10.6% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 473 | 6.9% | |
| 0.7 to 0.8 | 233 | 3.4% | |
| 0.8 to 0.9 | 233 | 3.4% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of FWRD?
Forward Air Corp (FWRD) has an average correlation of about 0.099 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FWRD positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 7.1%.
What is the most common correlation range for FWRD?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 33.7% of all pairs.
Explore the full interactive correlation distribution for FWRD.
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