KBR, Inc. (KBR) Correlation Distribution
Across 6,809 rolling correlation observations between KBR, Inc. (KBR) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.139, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 19.3%.
- Total observations
- 6,809
- Mean correlation
- -0.139
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 10.4%
- Sector
- Heavy Construction Other Than Bldg Const - Contractors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 647 | 9.5% | |
| -0.8 to -0.7 | 646 | 9.5% | |
| -0.7 to -0.6 | 623 | 9.1% | |
| -0.6 to -0.5 | 622 | 9.1% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 371 | 5.4% | |
| -0.3 to -0.2 | 292 | 4.3% | |
| -0.2 to -0.1 | 292 | 4.3% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 335 | 4.9% | |
| 0.6 to 0.7 | 334 | 4.9% | |
| 0.7 to 0.8 | 338 | 5.0% | |
| 0.8 to 0.9 | 337 | 4.9% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of KBR?
KBR, Inc. (KBR) has an average correlation of about -0.139 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KBR positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for KBR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for KBR.
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