NACCO Industries, Inc. (NC) Correlation Distribution
Across 6,809 rolling correlation observations between NACCO Industries, Inc. (NC) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Bituminous Coal & Lignite Surface Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 53 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 543 | 8.0% | |
| -0.6 to -0.5 | 542 | 8.0% | |
| -0.5 to -0.4 | 646 | 9.5% | |
| -0.4 to -0.3 | 645 | 9.5% | |
| -0.3 to -0.2 | 564 | 8.3% | |
| -0.2 to -0.1 | 564 | 8.3% | |
| -0.1 to 0.0 | 569 | 8.4% | |
| 0.0 to 0.1 | 568 | 8.3% | |
| 0.1 to 0.2 | 480 | 7.0% | |
| 0.2 to 0.3 | 479 | 7.0% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 187 | 2.7% | |
| 0.6 to 0.7 | 187 | 2.7% | |
| 0.7 to 0.8 | 58 | 0.9% | |
| 0.8 to 0.9 | 57 | 0.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NC?
NACCO Industries, Inc. (NC) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NC positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for NC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 47.3% of all pairs.
Explore the full interactive correlation distribution for NC.
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