Kewaunee Scientific Corp (KEQU) Correlation Distribution
Across 6,747 rolling correlation observations between Kewaunee Scientific Corp (KEQU) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,747
- Mean correlation
- -0.095
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 13.9%
- Sector
- Laboratory Apparatus & Furniture
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 225 | 3.3% | |
| -0.8 to -0.7 | 225 | 3.3% | |
| -0.7 to -0.6 | 866 | 12.8% | |
| -0.6 to -0.5 | 865 | 12.8% | |
| -0.5 to -0.4 | 593 | 8.8% | |
| -0.4 to -0.3 | 593 | 8.8% | |
| -0.3 to -0.2 | 283 | 4.2% | |
| -0.2 to -0.1 | 282 | 4.2% | |
| -0.1 to 0.0 | 241 | 3.6% | |
| 0.0 to 0.1 | 240 | 3.6% | |
| 0.1 to 0.2 | 194 | 2.9% | |
| 0.2 to 0.3 | 193 | 2.9% | |
| 0.3 to 0.4 | 223 | 3.3% | |
| 0.4 to 0.5 | 222 | 3.3% | |
| 0.5 to 0.6 | 280 | 4.1% | |
| 0.6 to 0.7 | 279 | 4.1% | |
| 0.7 to 0.8 | 451 | 6.7% | |
| 0.8 to 0.9 | 450 | 6.7% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of KEQU?
Kewaunee Scientific Corp (KEQU) has an average correlation of about -0.095 with other NASDAQ stocks, based on 6,747 pairwise observations.
Is KEQU positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for KEQU?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for KEQU.
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