CarMax Inc. (KMX) Correlation Distribution
Across 6,809 rolling correlation observations between CarMax Inc. (KMX) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.325, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.325
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 32%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 195 | 2.9% | |
| -0.6 to -0.5 | 194 | 2.8% | |
| -0.5 to -0.4 | 326 | 4.8% | |
| -0.4 to -0.3 | 326 | 4.8% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 281 | 4.1% | |
| -0.1 to 0.0 | 296 | 4.3% | |
| 0.0 to 0.1 | 296 | 4.3% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 283 | 4.2% | |
| 0.3 to 0.4 | 344 | 5.1% | |
| 0.4 to 0.5 | 343 | 5.0% | |
| 0.5 to 0.6 | 574 | 8.4% | |
| 0.6 to 0.7 | 573 | 8.4% | |
| 0.7 to 0.8 | 997 | 14.6% | |
| 0.8 to 0.9 | 996 | 14.6% | |
| 0.9 to 1.0 | 185 | 2.7% |
Frequently asked questions
What is the average correlation of KMX?
CarMax Inc. (KMX) has an average correlation of about 0.325 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KMX positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 32%.
What is the most common correlation range for KMX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for KMX.
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