Lincoln Electric Holdings Inc (LECO) Correlation Distribution
Across 6,809 rolling correlation observations between Lincoln Electric Holdings Inc (LECO) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.127, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 12.9%.
- Total observations
- 6,809
- Mean correlation
- -0.127
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 12.5%
- Sector
- Metalworkg Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 439 | 6.4% | |
| -0.8 to -0.7 | 439 | 6.4% | |
| -0.7 to -0.6 | 839 | 12.3% | |
| -0.6 to -0.5 | 839 | 12.3% | |
| -0.5 to -0.4 | 453 | 6.7% | |
| -0.4 to -0.3 | 453 | 6.7% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 260 | 3.8% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 222 | 3.3% | |
| 0.4 to 0.5 | 222 | 3.3% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 290 | 4.3% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 381 | 5.6% | |
| 0.9 to 1.0 | 90 | 1.3% |
Frequently asked questions
What is the average correlation of LECO?
Lincoln Electric Holdings Inc (LECO) has an average correlation of about -0.127 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LECO positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for LECO?
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 LECO.
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