iRobot Corporation (IRBT) Correlation Distribution
Across 6,809 rolling correlation observations between iRobot Corporation (IRBT) and other NASDAQ-listed stocks, 65.8% are positive and 34.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.9% and strong negative correlations (≤−0.7) for 12.2%.
- Total observations
- 6,809
- Mean correlation
- 0.233
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.8%
- Strong positive (≥0.7)
- 34.9%
- Sector
- Household Appliances
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 58 | 0.9% | |
| -0.9 to -0.8 | 388 | 5.7% | |
| -0.8 to -0.7 | 388 | 5.7% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 192 | 2.8% | |
| -0.4 to -0.3 | 192 | 2.8% | |
| -0.3 to -0.2 | 199 | 2.9% | |
| -0.2 to -0.1 | 198 | 2.9% | |
| -0.1 to 0.0 | 184 | 2.7% | |
| 0.0 to 0.1 | 184 | 2.7% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 276 | 4.1% | |
| 0.5 to 0.6 | 478 | 7.0% | |
| 0.6 to 0.7 | 477 | 7.0% | |
| 0.7 to 0.8 | 1,073 | 15.8% | |
| 0.8 to 0.9 | 1,073 | 15.8% | |
| 0.9 to 1.0 | 231 | 3.4% |
Frequently asked questions
What is the average correlation of IRBT?
iRobot Corporation (IRBT) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IRBT positively correlated with other stocks?
Mostly yes — 65.8% of pairs are positive and 34.2% are negative. Strong positive correlations (≥0.7) make up 34.9%.
What is the most common correlation range for IRBT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for IRBT.
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