Lumen Technologies, Inc. (LUMN) Correlation Distribution
Across 6,808 rolling correlation observations between Lumen Technologies, Inc. (LUMN) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.4% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,808
- Mean correlation
- 0.291
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 31.4%
- Sector
- Telephone Communications (No Radiotelephone)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 42 | 0.6% | |
| -0.9 to -0.8 | 123 | 1.8% | |
| -0.8 to -0.7 | 122 | 1.8% | |
| -0.7 to -0.6 | 275 | 4.0% | |
| -0.6 to -0.5 | 275 | 4.0% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 649 | 9.5% | |
| 0.6 to 0.7 | 648 | 9.5% | |
| 0.7 to 0.8 | 1,009 | 14.8% | |
| 0.8 to 0.9 | 1,008 | 14.8% | |
| 0.9 to 1.0 | 119 | 1.7% |
Frequently asked questions
What is the average correlation of LUMN?
Lumen Technologies, Inc. (LUMN) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is LUMN positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 31.4%.
What is the most common correlation range for LUMN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for LUMN.
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