Ingersoll Rand Inc. Common Stock (IR) Correlation Distribution
Across 6,809 rolling correlation observations between Ingersoll Rand Inc. Common Stock (IR) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- -0.068
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 16.7%
- Sector
- General Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 284 | 4.2% | |
| -0.8 to -0.7 | 283 | 4.2% | |
| -0.7 to -0.6 | 779 | 11.4% | |
| -0.6 to -0.5 | 778 | 11.4% | |
| -0.5 to -0.4 | 571 | 8.4% | |
| -0.4 to -0.3 | 570 | 8.4% | |
| -0.3 to -0.2 | 296 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 436 | 6.4% | |
| 0.8 to 0.9 | 436 | 6.4% | |
| 0.9 to 1.0 | 262 | 3.8% |
Frequently asked questions
What is the average correlation of IR?
Ingersoll Rand Inc. Common Stock (IR) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IR positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for IR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for IR.
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