Juniper Networks Inc (JNPR) Correlation Distribution
Across 6,809 rolling correlation observations between Juniper Networks Inc (JNPR) and other NASDAQ-listed stocks, 43.8% are positive and 56.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.6% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- -0.026
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.8%
- Strong positive (≥0.7)
- 10.6%
- Sector
- Computer Communications Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 126 | 1.9% | |
| -0.8 to -0.7 | 125 | 1.8% | |
| -0.7 to -0.6 | 620 | 9.1% | |
| -0.6 to -0.5 | 620 | 9.1% | |
| -0.5 to -0.4 | 580 | 8.5% | |
| -0.4 to -0.3 | 580 | 8.5% | |
| -0.3 to -0.2 | 433 | 6.4% | |
| -0.2 to -0.1 | 432 | 6.3% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 312 | 4.6% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 275 | 4.0% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 393 | 5.8% | |
| 0.6 to 0.7 | 393 | 5.8% | |
| 0.7 to 0.8 | 360 | 5.3% | |
| 0.8 to 0.9 | 360 | 5.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of JNPR?
Juniper Networks Inc (JNPR) has an average correlation of about -0.026 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JNPR positively correlated with other stocks?
Not predominantly — 43.8% of pairs are positive and 56.2% are negative. Strong positive correlations (≥0.7) make up 10.6%.
What is the most common correlation range for JNPR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.9% of all pairs.
Explore the full interactive correlation distribution for JNPR.
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