KLA Corporation Common Stock (KLAC) Correlation Distribution
Across 6,809 rolling correlation observations between KLA Corporation Common Stock (KLAC) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,809
- Mean correlation
- -0.091
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Optical Instruments & Lenses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 357 | 5.2% | |
| -0.8 to -0.7 | 356 | 5.2% | |
| -0.7 to -0.6 | 824 | 12.1% | |
| -0.6 to -0.5 | 824 | 12.1% | |
| -0.5 to -0.4 | 511 | 7.5% | |
| -0.4 to -0.3 | 511 | 7.5% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 257 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 246 | 3.6% |
Frequently asked questions
What is the average correlation of KLAC?
KLA Corporation Common Stock (KLAC) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KLAC 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 16.2%.
What is the most common correlation range for KLAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for KLAC.
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