Ingles Markets Inc (IMKTA) Correlation Distribution
Across 6,809 rolling correlation observations between Ingles Markets Inc (IMKTA) and other NASDAQ-listed stocks, 44.5% are positive and 55.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.071, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,809
- Mean correlation
- -0.071
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.5%
- Strong positive (≥0.7)
- 5%
- Sector
- Retail-Grocery Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 264 | 3.9% | |
| -0.8 to -0.7 | 264 | 3.9% | |
| -0.7 to -0.6 | 482 | 7.1% | |
| -0.6 to -0.5 | 481 | 7.1% | |
| -0.5 to -0.4 | 485 | 7.1% | |
| -0.4 to -0.3 | 485 | 7.1% | |
| -0.3 to -0.2 | 420 | 6.2% | |
| -0.2 to -0.1 | 419 | 6.2% | |
| -0.1 to 0.0 | 464 | 6.8% | |
| 0.0 to 0.1 | 463 | 6.8% | |
| 0.1 to 0.2 | 463 | 6.8% | |
| 0.2 to 0.3 | 462 | 6.8% | |
| 0.3 to 0.4 | 372 | 5.5% | |
| 0.4 to 0.5 | 372 | 5.5% | |
| 0.5 to 0.6 | 277 | 4.1% | |
| 0.6 to 0.7 | 277 | 4.1% | |
| 0.7 to 0.8 | 169 | 2.5% | |
| 0.8 to 0.9 | 168 | 2.5% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of IMKTA?
Ingles Markets Inc (IMKTA) has an average correlation of about -0.071 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IMKTA positively correlated with other stocks?
Not predominantly — 44.5% of pairs are positive and 55.5% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for IMKTA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 39.5% of all pairs.
Explore the full interactive correlation distribution for IMKTA.
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