Jefferies Financial Group Inc. (JEF) Correlation Distribution
Across 6,809 rolling correlation observations between Jefferies Financial Group Inc. (JEF) and other NASDAQ-listed stocks, 44.9% are positive and 55.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.9%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 498 | 7.3% | |
| -0.6 to -0.5 | 498 | 7.3% | |
| -0.5 to -0.4 | 694 | 10.2% | |
| -0.4 to -0.3 | 693 | 10.2% | |
| -0.3 to -0.2 | 466 | 6.8% | |
| -0.2 to -0.1 | 466 | 6.8% | |
| -0.1 to 0.0 | 321 | 4.7% | |
| 0.0 to 0.1 | 321 | 4.7% | |
| 0.1 to 0.2 | 267 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 313 | 4.6% | |
| 0.6 to 0.7 | 313 | 4.6% | |
| 0.7 to 0.8 | 475 | 7.0% | |
| 0.8 to 0.9 | 474 | 7.0% | |
| 0.9 to 1.0 | 89 | 1.3% |
Frequently asked questions
What is the average correlation of JEF?
Jefferies Financial Group Inc. (JEF) has an average correlation of about 0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JEF positively correlated with other stocks?
Not predominantly — 44.9% of pairs are positive and 55.1% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for JEF?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31% of all pairs.
Explore the full interactive correlation distribution for JEF.
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