Interparfums, Inc. Common Stock (IPAR) Correlation Distribution
Across 6,809 rolling correlation observations between Interparfums, Inc. Common Stock (IPAR) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 15.7%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 9.4%
- Sector
- Perfumes, Cosmetics & Other Toilet Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 531 | 7.8% | |
| -0.8 to -0.7 | 531 | 7.8% | |
| -0.7 to -0.6 | 738 | 10.8% | |
| -0.6 to -0.5 | 738 | 10.8% | |
| -0.5 to -0.4 | 414 | 6.1% | |
| -0.4 to -0.3 | 414 | 6.1% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 276 | 4.1% | |
| 0.4 to 0.5 | 276 | 4.1% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 339 | 5.0% | |
| 0.7 to 0.8 | 315 | 4.6% | |
| 0.8 to 0.9 | 314 | 4.6% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of IPAR?
Interparfums, Inc. Common Stock (IPAR) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IPAR positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for IPAR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for IPAR.
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