Louisiana-Pacific Corp. (LPX) Correlation Distribution
Across 6,809 rolling correlation observations between Louisiana-Pacific Corp. (LPX) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.8% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.012
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 15.8%
- Sector
- Lumber & Wood Products (No Furniture)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 552 | 8.1% | |
| -0.6 to -0.5 | 552 | 8.1% | |
| -0.5 to -0.4 | 625 | 9.2% | |
| -0.4 to -0.3 | 624 | 9.2% | |
| -0.3 to -0.2 | 452 | 6.6% | |
| -0.2 to -0.1 | 451 | 6.6% | |
| -0.1 to 0.0 | 305 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 267 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 270 | 4.0% | |
| 0.4 to 0.5 | 270 | 4.0% | |
| 0.5 to 0.6 | 309 | 4.5% | |
| 0.6 to 0.7 | 308 | 4.5% | |
| 0.7 to 0.8 | 491 | 7.2% | |
| 0.8 to 0.9 | 491 | 7.2% | |
| 0.9 to 1.0 | 93 | 1.4% |
Frequently asked questions
What is the average correlation of LPX?
Louisiana-Pacific Corp. (LPX) has an average correlation of about 0.012 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LPX positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 15.8%.
What is the most common correlation range for LPX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30% of all pairs.
Explore the full interactive correlation distribution for LPX.
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