INSTALLED BUILDING PRODUCTS, INC. (IBP) Correlation Distribution
Across 6,809 rolling correlation observations between INSTALLED BUILDING PRODUCTS, INC. (IBP) and other NASDAQ-listed stocks, 42.1% are positive and 57.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.1%
- Strong positive (≥0.7)
- 11.7%
- Sector
- General Bldg Contractors - Residential Bldgs
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 94 | 1.4% | |
| -0.7 to -0.6 | 447 | 6.6% | |
| -0.6 to -0.5 | 447 | 6.6% | |
| -0.5 to -0.4 | 770 | 11.3% | |
| -0.4 to -0.3 | 769 | 11.3% | |
| -0.3 to -0.2 | 506 | 7.4% | |
| -0.2 to -0.1 | 505 | 7.4% | |
| -0.1 to 0.0 | 307 | 4.5% | |
| 0.0 to 0.1 | 306 | 4.5% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 283 | 4.2% | |
| 0.3 to 0.4 | 265 | 3.9% | |
| 0.4 to 0.5 | 264 | 3.9% | |
| 0.5 to 0.6 | 337 | 4.9% | |
| 0.6 to 0.7 | 336 | 4.9% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 375 | 5.5% | |
| 0.9 to 1.0 | 44 | 0.6% |
Frequently asked questions
What is the average correlation of IBP?
INSTALLED BUILDING PRODUCTS, INC. (IBP) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IBP positively correlated with other stocks?
Not predominantly — 42.1% of pairs are positive and 57.9% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for IBP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.2% of all pairs.
Explore the full interactive correlation distribution for IBP.
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