International Business Machines Corporation (IBM) Correlation Distribution
Across 6,809 rolling correlation observations between International Business Machines Corporation (IBM) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.069, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- -0.069
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 14.3%
- Sector
- Computer & Office Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 195 | 2.9% | |
| -0.8 to -0.7 | 194 | 2.8% | |
| -0.7 to -0.6 | 687 | 10.1% | |
| -0.6 to -0.5 | 686 | 10.1% | |
| -0.5 to -0.4 | 746 | 11.0% | |
| -0.4 to -0.3 | 745 | 10.9% | |
| -0.3 to -0.2 | 330 | 4.8% | |
| -0.2 to -0.1 | 330 | 4.8% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 231 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 267 | 3.9% | |
| 0.6 to 0.7 | 266 | 3.9% | |
| 0.7 to 0.8 | 390 | 5.7% | |
| 0.8 to 0.9 | 390 | 5.7% | |
| 0.9 to 1.0 | 193 | 2.8% |
Frequently asked questions
What is the average correlation of IBM?
International Business Machines Corporation (IBM) has an average correlation of about -0.069 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IBM positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 14.3%.
What is the most common correlation range for IBM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
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