InterContinental Hotels Group Plc (IHG) Correlation Distribution
Across 6,809 rolling correlation observations between InterContinental Hotels Group Plc (IHG) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.023
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 16.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 191 | 2.8% | |
| -0.8 to -0.7 | 190 | 2.8% | |
| -0.7 to -0.6 | 527 | 7.7% | |
| -0.6 to -0.5 | 526 | 7.7% | |
| -0.5 to -0.4 | 738 | 10.8% | |
| -0.4 to -0.3 | 738 | 10.8% | |
| -0.3 to -0.2 | 384 | 5.6% | |
| -0.2 to -0.1 | 383 | 5.6% | |
| -0.1 to 0.0 | 285 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 231 | 3.4% | |
| 0.2 to 0.3 | 230 | 3.4% | |
| 0.3 to 0.4 | 226 | 3.3% | |
| 0.4 to 0.5 | 225 | 3.3% | |
| 0.5 to 0.6 | 276 | 4.1% | |
| 0.6 to 0.7 | 275 | 4.0% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 411 | 6.0% | |
| 0.9 to 1.0 | 276 | 4.1% |
Frequently asked questions
What is the average correlation of IHG?
InterContinental Hotels Group Plc (IHG) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IHG positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for IHG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for IHG.
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