W.W. Grainger, Inc. (GWW) Correlation Distribution
Across 6,809 rolling correlation observations between W.W. Grainger, Inc. (GWW) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 21%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Wholesale-Durable Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 49 | 0.7% | |
| -0.9 to -0.8 | 692 | 10.2% | |
| -0.8 to -0.7 | 691 | 10.1% | |
| -0.7 to -0.6 | 782 | 11.5% | |
| -0.6 to -0.5 | 781 | 11.5% | |
| -0.5 to -0.4 | 331 | 4.9% | |
| -0.4 to -0.3 | 331 | 4.9% | |
| -0.3 to -0.2 | 221 | 3.2% | |
| -0.2 to -0.1 | 221 | 3.2% | |
| -0.1 to 0.0 | 186 | 2.7% | |
| 0.0 to 0.1 | 185 | 2.7% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 179 | 2.6% | |
| 0.4 to 0.5 | 178 | 2.6% | |
| 0.5 to 0.6 | 228 | 3.3% | |
| 0.6 to 0.7 | 228 | 3.3% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 370 | 5.4% | |
| 0.9 to 1.0 | 396 | 5.8% |
Frequently asked questions
What is the average correlation of GWW?
W.W. Grainger, Inc. (GWW) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GWW positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for GWW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.7% of all pairs.
Explore the full interactive correlation distribution for GWW.
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