Topgolf Callaway Brands Corp. (MODG) Correlation Distribution
Across 6,553 rolling correlation observations between Topgolf Callaway Brands Corp. (MODG) and other NASDAQ-listed stocks, 53% are positive and 47% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.048, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 20.2% and strong negative correlations (≤−0.7) for 15.8%.
- Total observations
- 6,553
- Mean correlation
- 0.048
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53%
- Strong positive (≥0.7)
- 20.2%
- Sector
- Sporting & Athletic Goods, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 511 | 7.8% | |
| -0.8 to -0.7 | 511 | 7.8% | |
| -0.7 to -0.6 | 379 | 5.8% | |
| -0.6 to -0.5 | 378 | 5.8% | |
| -0.5 to -0.4 | 277 | 4.2% | |
| -0.4 to -0.3 | 277 | 4.2% | |
| -0.3 to -0.2 | 251 | 3.8% | |
| -0.2 to -0.1 | 250 | 3.8% | |
| -0.1 to 0.0 | 230 | 3.5% | |
| 0.0 to 0.1 | 230 | 3.5% | |
| 0.1 to 0.2 | 226 | 3.4% | |
| 0.2 to 0.3 | 225 | 3.4% | |
| 0.3 to 0.4 | 294 | 4.5% | |
| 0.4 to 0.5 | 294 | 4.5% | |
| 0.5 to 0.6 | 441 | 6.7% | |
| 0.6 to 0.7 | 440 | 6.7% | |
| 0.7 to 0.8 | 629 | 9.6% | |
| 0.8 to 0.9 | 629 | 9.6% | |
| 0.9 to 1.0 | 67 | 1.0% |
Frequently asked questions
What is the average correlation of MODG?
Topgolf Callaway Brands Corp. (MODG) has an average correlation of about 0.048 with other NASDAQ stocks, based on 6,553 pairwise observations.
Is MODG positively correlated with other stocks?
Mostly yes — 53% of pairs are positive and 47% are negative. Strong positive correlations (≥0.7) make up 20.2%.
What is the most common correlation range for MODG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for MODG.
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