International Seaways, Inc. Common Stock (INSW) Correlation Distribution
Across 6,809 rolling correlation observations between International Seaways, Inc. Common Stock (INSW) and other NASDAQ-listed stocks, 33.4% are positive and 66.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.221, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.6% and strong negative correlations (≤−0.7) for 24.2%.
- Total observations
- 6,809
- Mean correlation
- -0.221
- Most common range
- -0.9 to -0.8
- Positive pairs
- 33.4%
- Strong positive (≥0.7)
- 7.6%
- Sector
- Water Transportation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 814 | 12.0% | |
| -0.8 to -0.7 | 814 | 12.0% | |
| -0.7 to -0.6 | 712 | 10.5% | |
| -0.6 to -0.5 | 711 | 10.4% | |
| -0.5 to -0.4 | 341 | 5.0% | |
| -0.4 to -0.3 | 341 | 5.0% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 225 | 3.3% | |
| 0.3 to 0.4 | 245 | 3.6% | |
| 0.4 to 0.5 | 244 | 3.6% | |
| 0.5 to 0.6 | 291 | 4.3% | |
| 0.6 to 0.7 | 291 | 4.3% | |
| 0.7 to 0.8 | 246 | 3.6% | |
| 0.8 to 0.9 | 246 | 3.6% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of INSW?
International Seaways, Inc. Common Stock (INSW) has an average correlation of about -0.221 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is INSW positively correlated with other stocks?
Not predominantly — 33.4% of pairs are positive and 66.6% are negative. Strong positive correlations (≥0.7) make up 7.6%.
What is the most common correlation range for INSW?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for INSW.
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