Loews Corporation (L) Correlation Distribution
Across 6,809 rolling correlation observations between Loews Corporation (L) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 11.9%.
- Total observations
- 6,809
- Mean correlation
- -0.067
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 17.1%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 397 | 5.8% | |
| -0.8 to -0.7 | 396 | 5.8% | |
| -0.7 to -0.6 | 699 | 10.3% | |
| -0.6 to -0.5 | 698 | 10.3% | |
| -0.5 to -0.4 | 506 | 7.4% | |
| -0.4 to -0.3 | 505 | 7.4% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 213 | 3.1% | |
| 0.4 to 0.5 | 213 | 3.1% | |
| 0.5 to 0.6 | 267 | 3.9% | |
| 0.6 to 0.7 | 267 | 3.9% | |
| 0.7 to 0.8 | 448 | 6.6% | |
| 0.8 to 0.9 | 447 | 6.6% | |
| 0.9 to 1.0 | 266 | 3.9% |
Frequently asked questions
What is the average correlation of L?
Loews Corporation (L) has an average correlation of about -0.067 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is L positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for L?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for L.
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