NCR CORPORATION (NCR) Correlation Distribution
Across 6,333 rolling correlation observations between NCR CORPORATION (NCR) and other NASDAQ-listed stocks, 83.5% are positive and 16.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.42, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,333
- Mean correlation
- 0.42
- Most common range
- 0.7 to 0.8
- Positive pairs
- 83.5%
- Strong positive (≥0.7)
- 28.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.3% | |
| -0.7 to -0.6 | 89 | 1.4% | |
| -0.6 to -0.5 | 88 | 1.4% | |
| -0.5 to -0.4 | 97 | 1.5% | |
| -0.4 to -0.3 | 97 | 1.5% | |
| -0.3 to -0.2 | 187 | 3.0% | |
| -0.2 to -0.1 | 186 | 2.9% | |
| -0.1 to 0.0 | 264 | 4.2% | |
| 0.0 to 0.1 | 263 | 4.2% | |
| 0.1 to 0.2 | 321 | 5.1% | |
| 0.2 to 0.3 | 321 | 5.1% | |
| 0.3 to 0.4 | 486 | 7.7% | |
| 0.4 to 0.5 | 485 | 7.7% | |
| 0.5 to 0.6 | 794 | 12.5% | |
| 0.6 to 0.7 | 793 | 12.5% | |
| 0.7 to 0.8 | 853 | 13.5% | |
| 0.8 to 0.9 | 853 | 13.5% | |
| 0.9 to 1.0 | 121 | 1.9% |
Frequently asked questions
What is the average correlation of NCR?
NCR CORPORATION (NCR) has an average correlation of about 0.42 with other NASDAQ stocks, based on 6,333 pairwise observations.
Is NCR positively correlated with other stocks?
Mostly yes — 83.5% of pairs are positive and 16.5% are negative. Strong positive correlations (≥0.7) make up 28.8%.
What is the most common correlation range for NCR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.3% of all pairs.
Explore the full interactive correlation distribution for NCR.
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