JWN (JWN) Correlation Distribution
Across 6,808 rolling correlation observations between JWN (JWN) and other NASDAQ-listed stocks, 77.5% are positive and 22.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,808
- Mean correlation
- 0.313
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.5%
- Strong positive (≥0.7)
- 12.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 156 | 2.3% | |
| -0.4 to -0.3 | 156 | 2.3% | |
| -0.3 to -0.2 | 328 | 4.8% | |
| -0.2 to -0.1 | 327 | 4.8% | |
| -0.1 to 0.0 | 372 | 5.5% | |
| 0.0 to 0.1 | 371 | 5.4% | |
| 0.1 to 0.2 | 432 | 6.3% | |
| 0.2 to 0.3 | 432 | 6.3% | |
| 0.3 to 0.4 | 662 | 9.7% | |
| 0.4 to 0.5 | 661 | 9.7% | |
| 0.5 to 0.6 | 935 | 13.7% | |
| 0.6 to 0.7 | 935 | 13.7% | |
| 0.7 to 0.8 | 423 | 6.2% | |
| 0.8 to 0.9 | 423 | 6.2% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of JWN?
JWN (JWN) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is JWN positively correlated with other stocks?
Mostly yes — 77.5% of pairs are positive and 22.5% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for JWN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for JWN.
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