Johnson Controls International plc (JCI) Correlation Distribution
Across 6,809 rolling correlation observations between Johnson Controls International plc (JCI) and other NASDAQ-listed stocks, 58.2% are positive and 41.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.13, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.13
- Most common range
- -0.3 to -0.2
- Positive pairs
- 58.2%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 127 | 1.9% | |
| -0.6 to -0.5 | 126 | 1.9% | |
| -0.5 to -0.4 | 418 | 6.1% | |
| -0.4 to -0.3 | 418 | 6.1% | |
| -0.3 to -0.2 | 588 | 8.6% | |
| -0.2 to -0.1 | 588 | 8.6% | |
| -0.1 to 0.0 | 553 | 8.1% | |
| 0.0 to 0.1 | 552 | 8.1% | |
| 0.1 to 0.2 | 459 | 6.7% | |
| 0.2 to 0.3 | 458 | 6.7% | |
| 0.3 to 0.4 | 433 | 6.4% | |
| 0.4 to 0.5 | 433 | 6.4% | |
| 0.5 to 0.6 | 506 | 7.4% | |
| 0.6 to 0.7 | 506 | 7.4% | |
| 0.7 to 0.8 | 306 | 4.5% | |
| 0.8 to 0.9 | 306 | 4.5% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of JCI?
Johnson Controls International plc (JCI) has an average correlation of about 0.13 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JCI positively correlated with other stocks?
Mostly yes — 58.2% of pairs are positive and 41.8% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for JCI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47% of all pairs.
Explore the full interactive correlation distribution for JCI.
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