LPL Financial Holdings Inc. (LPLA) Correlation Distribution
Across 6,809 rolling correlation observations between LPL Financial Holdings Inc. (LPLA) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.14, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 19.2%.
- Total observations
- 6,809
- Mean correlation
- -0.14
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 12.6%
- Sector
- Security & Commodity Brokers, Dealers, Exchanges & Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 650 | 9.5% | |
| -0.8 to -0.7 | 649 | 9.5% | |
| -0.7 to -0.6 | 705 | 10.4% | |
| -0.6 to -0.5 | 705 | 10.4% | |
| -0.5 to -0.4 | 395 | 5.8% | |
| -0.4 to -0.3 | 394 | 5.8% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 247 | 3.6% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 200 | 2.9% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 223 | 3.3% | |
| 0.4 to 0.5 | 223 | 3.3% | |
| 0.5 to 0.6 | 330 | 4.8% | |
| 0.6 to 0.7 | 330 | 4.8% | |
| 0.7 to 0.8 | 390 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 78 | 1.1% |
Frequently asked questions
What is the average correlation of LPLA?
LPL Financial Holdings Inc. (LPLA) has an average correlation of about -0.14 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LPLA positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for LPLA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for LPLA.
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