Kyndryl Holdings, Inc. (KD) Correlation Distribution
Across 6,796 rolling correlation observations between Kyndryl Holdings, Inc. (KD) and other NASDAQ-listed stocks, 47.3% are positive and 52.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,796
- Mean correlation
- 0.028
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.3%
- Strong positive (≥0.7)
- 16.6%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 216 | 3.2% | |
| -0.8 to -0.7 | 215 | 3.2% | |
| -0.7 to -0.6 | 425 | 6.3% | |
| -0.6 to -0.5 | 424 | 6.2% | |
| -0.5 to -0.4 | 519 | 7.6% | |
| -0.4 to -0.3 | 519 | 7.6% | |
| -0.3 to -0.2 | 461 | 6.8% | |
| -0.2 to -0.1 | 460 | 6.8% | |
| -0.1 to 0.0 | 342 | 5.0% | |
| 0.0 to 0.1 | 342 | 5.0% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 312 | 4.6% | |
| 0.6 to 0.7 | 312 | 4.6% | |
| 0.7 to 0.8 | 462 | 6.8% | |
| 0.8 to 0.9 | 462 | 6.8% | |
| 0.9 to 1.0 | 204 | 3.0% |
Frequently asked questions
What is the average correlation of KD?
Kyndryl Holdings, Inc. (KD) has an average correlation of about 0.028 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is KD positively correlated with other stocks?
Not predominantly — 47.3% of pairs are positive and 52.7% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for KD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for KD.
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