JELD-WEN Holding, Inc. (JELD) Correlation Distribution
Across 6,809 rolling correlation observations between JELD-WEN Holding, Inc. (JELD) and other NASDAQ-listed stocks, 68.2% are positive and 31.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.6% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.2%
- Strong positive (≥0.7)
- 27.6%
- Sector
- Millwood, Veneer, Plywood, & Structural Wood Members
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 312 | 4.6% | |
| -0.4 to -0.3 | 311 | 4.6% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 279 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 274 | 4.0% | |
| 0.2 to 0.3 | 274 | 4.0% | |
| 0.3 to 0.4 | 360 | 5.3% | |
| 0.4 to 0.5 | 359 | 5.3% | |
| 0.5 to 0.6 | 608 | 8.9% | |
| 0.6 to 0.7 | 607 | 8.9% | |
| 0.7 to 0.8 | 928 | 13.6% | |
| 0.8 to 0.9 | 928 | 13.6% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of JELD?
JELD-WEN Holding, Inc. (JELD) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JELD positively correlated with other stocks?
Mostly yes — 68.2% of pairs are positive and 31.8% are negative. Strong positive correlations (≥0.7) make up 27.6%.
What is the most common correlation range for JELD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for JELD.
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