Light & Wonder, Inc. Common Stock (LNW) Correlation Distribution
Across 6,708 rolling correlation observations between Light & Wonder, Inc. Common Stock (LNW) and other NASDAQ-listed stocks, 46.7% are positive and 53.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 18.4%.
- Total observations
- 6,708
- Mean correlation
- -0.036
- Most common range
- -0.9 to -0.8
- Positive pairs
- 46.7%
- Strong positive (≥0.7)
- 17.3%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 604 | 9.0% | |
| -0.8 to -0.7 | 603 | 9.0% | |
| -0.7 to -0.6 | 510 | 7.6% | |
| -0.6 to -0.5 | 510 | 7.6% | |
| -0.5 to -0.4 | 288 | 4.3% | |
| -0.4 to -0.3 | 288 | 4.3% | |
| -0.3 to -0.2 | 248 | 3.7% | |
| -0.2 to -0.1 | 248 | 3.7% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 249 | 3.7% | |
| 0.4 to 0.5 | 248 | 3.7% | |
| 0.5 to 0.6 | 371 | 5.5% | |
| 0.6 to 0.7 | 371 | 5.5% | |
| 0.7 to 0.8 | 511 | 7.6% | |
| 0.8 to 0.9 | 511 | 7.6% | |
| 0.9 to 1.0 | 141 | 2.1% |
Frequently asked questions
What is the average correlation of LNW?
Light & Wonder, Inc. Common Stock (LNW) has an average correlation of about -0.036 with other NASDAQ stocks, based on 6,708 pairwise observations.
Is LNW positively correlated with other stocks?
Not predominantly — 46.7% of pairs are positive and 53.3% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for LNW?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for LNW.
Open interactive dashboard →