Jabil Inc. (JBL) Correlation Distribution
Across 6,809 rolling correlation observations between Jabil Inc. (JBL) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 16.2%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Printed Circuit Boards
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 544 | 8.0% | |
| -0.8 to -0.7 | 543 | 8.0% | |
| -0.7 to -0.6 | 853 | 12.5% | |
| -0.6 to -0.5 | 853 | 12.5% | |
| -0.5 to -0.4 | 388 | 5.7% | |
| -0.4 to -0.3 | 387 | 5.7% | |
| -0.3 to -0.2 | 253 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 210 | 3.1% | |
| 0.3 to 0.4 | 198 | 2.9% | |
| 0.4 to 0.5 | 197 | 2.9% | |
| 0.5 to 0.6 | 264 | 3.9% | |
| 0.6 to 0.7 | 263 | 3.9% | |
| 0.7 to 0.8 | 392 | 5.8% | |
| 0.8 to 0.9 | 392 | 5.8% | |
| 0.9 to 1.0 | 209 | 3.1% |
Frequently asked questions
What is the average correlation of JBL?
Jabil Inc. (JBL) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JBL positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for JBL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for JBL.
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