Kirby Corporation (KEX) Correlation Distribution
Across 6,809 rolling correlation observations between Kirby Corporation (KEX) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 16%
- Sector
- Water Transportation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 327 | 4.8% | |
| -0.8 to -0.7 | 327 | 4.8% | |
| -0.7 to -0.6 | 911 | 13.4% | |
| -0.6 to -0.5 | 911 | 13.4% | |
| -0.5 to -0.4 | 475 | 7.0% | |
| -0.4 to -0.3 | 475 | 7.0% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 273 | 4.0% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 197 | 2.9% | |
| 0.4 to 0.5 | 196 | 2.9% | |
| 0.5 to 0.6 | 262 | 3.8% | |
| 0.6 to 0.7 | 261 | 3.8% | |
| 0.7 to 0.8 | 466 | 6.8% | |
| 0.8 to 0.9 | 465 | 6.8% | |
| 0.9 to 1.0 | 156 | 2.3% |
Frequently asked questions
What is the average correlation of KEX?
Kirby Corporation (KEX) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KEX positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for KEX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for KEX.
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