Legacy Housing Corporation Common Stock (LEGH) Correlation Distribution
Across 6,809 rolling correlation observations between Legacy Housing Corporation Common Stock (LEGH) and other NASDAQ-listed stocks, 45.7% are positive and 54.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.7%
- Strong positive (≥0.7)
- 7.8%
- Sector
- Mobile Homes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 472 | 6.9% | |
| -0.6 to -0.5 | 472 | 6.9% | |
| -0.5 to -0.4 | 683 | 10.0% | |
| -0.4 to -0.3 | 683 | 10.0% | |
| -0.3 to -0.2 | 476 | 7.0% | |
| -0.2 to -0.1 | 476 | 7.0% | |
| -0.1 to 0.0 | 361 | 5.3% | |
| 0.0 to 0.1 | 361 | 5.3% | |
| 0.1 to 0.2 | 333 | 4.9% | |
| 0.2 to 0.3 | 332 | 4.9% | |
| 0.3 to 0.4 | 329 | 4.8% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 450 | 6.6% | |
| 0.7 to 0.8 | 264 | 3.9% | |
| 0.8 to 0.9 | 264 | 3.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of LEGH?
Legacy Housing Corporation Common Stock (LEGH) has an average correlation of about 0 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LEGH positively correlated with other stocks?
Not predominantly — 45.7% of pairs are positive and 54.3% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for LEGH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.4% of all pairs.
Explore the full interactive correlation distribution for LEGH.
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