iHeartMedia, Inc. Class A Common Stock (IHRT) Correlation Distribution
Across 6,809 rolling correlation observations between iHeartMedia, Inc. Class A Common Stock (IHRT) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.32, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- 0.32
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 36%
- Sector
- Radio Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 132 | 1.9% | |
| -0.8 to -0.7 | 131 | 1.9% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 301 | 4.4% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 243 | 3.6% | |
| -0.3 to -0.2 | 203 | 3.0% | |
| -0.2 to -0.1 | 202 | 3.0% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 548 | 8.0% | |
| 0.6 to 0.7 | 548 | 8.0% | |
| 0.7 to 0.8 | 1,021 | 15.0% | |
| 0.8 to 0.9 | 1,021 | 15.0% | |
| 0.9 to 1.0 | 407 | 6.0% |
Frequently asked questions
What is the average correlation of IHRT?
iHeartMedia, Inc. Class A Common Stock (IHRT) has an average correlation of about 0.32 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IHRT positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 36%.
What is the most common correlation range for IHRT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for IHRT.
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