Innospec Inc. (IOSP) Correlation Distribution
Across 6,809 rolling correlation observations between Innospec Inc. (IOSP) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 5.7%
- Sector
- Chemicals & Allied Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 639 | 9.4% | |
| -0.6 to -0.5 | 638 | 9.4% | |
| -0.5 to -0.4 | 782 | 11.5% | |
| -0.4 to -0.3 | 782 | 11.5% | |
| -0.3 to -0.2 | 429 | 6.3% | |
| -0.2 to -0.1 | 428 | 6.3% | |
| -0.1 to 0.0 | 306 | 4.5% | |
| 0.0 to 0.1 | 306 | 4.5% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 318 | 4.7% | |
| 0.4 to 0.5 | 318 | 4.7% | |
| 0.5 to 0.6 | 406 | 6.0% | |
| 0.6 to 0.7 | 405 | 5.9% | |
| 0.7 to 0.8 | 195 | 2.9% | |
| 0.8 to 0.9 | 195 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of IOSP?
Innospec Inc. (IOSP) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IOSP positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for IOSP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for IOSP.
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