Koppers Holdings, Inc. (KOP) Correlation Distribution
Across 6,809 rolling correlation observations between Koppers Holdings, Inc. (KOP) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- -0.007
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 3.4%
- Sector
- Lumber & Wood Products (No Furniture)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 145 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 637 | 9.4% | |
| -0.4 to -0.3 | 636 | 9.3% | |
| -0.3 to -0.2 | 880 | 12.9% | |
| -0.2 to -0.1 | 880 | 12.9% | |
| -0.1 to 0.0 | 505 | 7.4% | |
| 0.0 to 0.1 | 505 | 7.4% | |
| 0.1 to 0.2 | 397 | 5.8% | |
| 0.2 to 0.3 | 397 | 5.8% | |
| 0.3 to 0.4 | 441 | 6.5% | |
| 0.4 to 0.5 | 441 | 6.5% | |
| 0.5 to 0.6 | 267 | 3.9% | |
| 0.6 to 0.7 | 266 | 3.9% | |
| 0.7 to 0.8 | 114 | 1.7% | |
| 0.8 to 0.9 | 113 | 1.7% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of KOP?
Koppers Holdings, Inc. (KOP) has an average correlation of about -0.007 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KOP positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for KOP?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.3% of all pairs.
Explore the full interactive correlation distribution for KOP.
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