Nordson Corp (NDSN) Correlation Distribution
Across 6,809 rolling correlation observations between Nordson Corp (NDSN) and other NASDAQ-listed stocks, 52.5% are positive and 47.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.037
- Most common range
- -0.3 to -0.2
- Positive pairs
- 52.5%
- Strong positive (≥0.7)
- 1%
- Sector
- General Industrial Machinery & Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 152 | 2.2% | |
| -0.6 to -0.5 | 152 | 2.2% | |
| -0.5 to -0.4 | 468 | 6.9% | |
| -0.4 to -0.3 | 468 | 6.9% | |
| -0.3 to -0.2 | 671 | 9.9% | |
| -0.2 to -0.1 | 671 | 9.9% | |
| -0.1 to 0.0 | 648 | 9.5% | |
| 0.0 to 0.1 | 648 | 9.5% | |
| 0.1 to 0.2 | 590 | 8.7% | |
| 0.2 to 0.3 | 590 | 8.7% | |
| 0.3 to 0.4 | 555 | 8.2% | |
| 0.4 to 0.5 | 554 | 8.1% | |
| 0.5 to 0.6 | 284 | 4.2% | |
| 0.6 to 0.7 | 284 | 4.2% | |
| 0.7 to 0.8 | 36 | 0.5% | |
| 0.8 to 0.9 | 35 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NDSN?
Nordson Corp (NDSN) has an average correlation of about 0.037 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NDSN positively correlated with other stocks?
Mostly yes — 52.5% of pairs are positive and 47.5% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for NDSN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56.1% of all pairs.
Explore the full interactive correlation distribution for NDSN.
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