Linde plc Ordinary Share (LIN) Correlation Distribution
Across 6,809 rolling correlation observations between Linde plc Ordinary Share (LIN) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.116, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 16.7%.
- Total observations
- 6,809
- Mean correlation
- -0.116
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 16.6%
- Sector
- Industrial Inorganic Chemicals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 557 | 8.2% | |
| -0.8 to -0.7 | 556 | 8.2% | |
| -0.7 to -0.6 | 773 | 11.4% | |
| -0.6 to -0.5 | 772 | 11.3% | |
| -0.5 to -0.4 | 414 | 6.1% | |
| -0.4 to -0.3 | 414 | 6.1% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 197 | 2.9% | |
| 0.4 to 0.5 | 196 | 2.9% | |
| 0.5 to 0.6 | 247 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 413 | 6.1% | |
| 0.8 to 0.9 | 412 | 6.1% | |
| 0.9 to 1.0 | 304 | 4.5% |
Frequently asked questions
What is the average correlation of LIN?
Linde plc Ordinary Share (LIN) has an average correlation of about -0.116 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LIN positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for LIN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for LIN.
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