The Interpublic Group of Companies, Inc. (IPG) Correlation Distribution
Across 6,809 rolling correlation observations between The Interpublic Group of Companies, Inc. (IPG) and other NASDAQ-listed stocks, 64.4% are positive and 35.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.129, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.129
- Most common range
- 0.3 to 0.4
- Positive pairs
- 64.4%
- Strong positive (≥0.7)
- 3%
- Sector
- Services-Advertising Agencies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 123 | 1.8% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 475 | 7.0% | |
| -0.2 to -0.1 | 475 | 7.0% | |
| -0.1 to 0.0 | 660 | 9.7% | |
| 0.0 to 0.1 | 659 | 9.7% | |
| 0.1 to 0.2 | 676 | 9.9% | |
| 0.2 to 0.3 | 676 | 9.9% | |
| 0.3 to 0.4 | 710 | 10.4% | |
| 0.4 to 0.5 | 710 | 10.4% | |
| 0.5 to 0.6 | 375 | 5.5% | |
| 0.6 to 0.7 | 374 | 5.5% | |
| 0.7 to 0.8 | 103 | 1.5% | |
| 0.8 to 0.9 | 102 | 1.5% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of IPG?
The Interpublic Group of Companies, Inc. (IPG) has an average correlation of about 0.129 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IPG positively correlated with other stocks?
Mostly yes — 64.4% of pairs are positive and 35.6% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for IPG?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 53.2% of all pairs.
Explore the full interactive correlation distribution for IPG.
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