LSI Industries Inc (LYTS) Correlation Distribution
Across 6,809 rolling correlation observations between LSI Industries Inc (LYTS) and other NASDAQ-listed stocks, 36.2% are positive and 63.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 12.8%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.2%
- Strong positive (≥0.7)
- 13%
- Sector
- Electric Lighting & Wiring Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 434 | 6.4% | |
| -0.8 to -0.7 | 433 | 6.4% | |
| -0.7 to -0.6 | 890 | 13.1% | |
| -0.6 to -0.5 | 890 | 13.1% | |
| -0.5 to -0.4 | 477 | 7.0% | |
| -0.4 to -0.3 | 476 | 7.0% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 199 | 2.9% | |
| 0.2 to 0.3 | 199 | 2.9% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 277 | 4.1% | |
| 0.6 to 0.7 | 276 | 4.1% | |
| 0.7 to 0.8 | 420 | 6.2% | |
| 0.8 to 0.9 | 420 | 6.2% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of LYTS?
LSI Industries Inc (LYTS) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LYTS positively correlated with other stocks?
Not predominantly — 36.2% of pairs are positive and 63.8% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for LYTS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for LYTS.
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