INTEGRATED RAIL & RES A (IRRX) Correlation Distribution
Across 6,158 rolling correlation observations between INTEGRATED RAIL & RES A (IRRX) and other NASDAQ-listed stocks, 33% are positive and 67% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.159, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,158
- Mean correlation
- -0.159
- Most common range
- -0.5 to -0.4
- Positive pairs
- 33%
- Strong positive (≥0.7)
- 2.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 35 | 0.6% | |
| -0.9 to -0.8 | 138 | 2.2% | |
| -0.8 to -0.7 | 137 | 2.2% | |
| -0.7 to -0.6 | 641 | 10.4% | |
| -0.6 to -0.5 | 641 | 10.4% | |
| -0.5 to -0.4 | 775 | 12.6% | |
| -0.4 to -0.3 | 774 | 12.6% | |
| -0.3 to -0.2 | 365 | 5.9% | |
| -0.2 to -0.1 | 365 | 5.9% | |
| -0.1 to 0.0 | 255 | 4.1% | |
| 0.0 to 0.1 | 255 | 4.1% | |
| 0.1 to 0.2 | 240 | 3.9% | |
| 0.2 to 0.3 | 239 | 3.9% | |
| 0.3 to 0.4 | 272 | 4.4% | |
| 0.4 to 0.5 | 272 | 4.4% | |
| 0.5 to 0.6 | 297 | 4.8% | |
| 0.6 to 0.7 | 296 | 4.8% | |
| 0.7 to 0.8 | 43 | 0.7% | |
| 0.8 to 0.9 | 42 | 0.7% | |
| 0.9 to 1.0 | 76 | 1.2% |
Frequently asked questions
What is the average correlation of IRRX?
INTEGRATED RAIL & RES A (IRRX) has an average correlation of about -0.159 with other NASDAQ stocks, based on 6,158 pairwise observations.
Is IRRX positively correlated with other stocks?
Not predominantly — 33% of pairs are positive and 67% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for IRRX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.9% of all pairs.
Explore the full interactive correlation distribution for IRRX.
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