NewMarket Corporation (NEU) Correlation Distribution
Across 6,809 rolling correlation observations between NewMarket Corporation (NEU) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.111, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.111
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Industrial Organic Chemicals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 291 | 4.3% | |
| -0.8 to -0.7 | 291 | 4.3% | |
| -0.7 to -0.6 | 628 | 9.2% | |
| -0.6 to -0.5 | 628 | 9.2% | |
| -0.5 to -0.4 | 733 | 10.8% | |
| -0.4 to -0.3 | 733 | 10.8% | |
| -0.3 to -0.2 | 379 | 5.6% | |
| -0.2 to -0.1 | 379 | 5.6% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 229 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 265 | 3.9% | |
| 0.6 to 0.7 | 264 | 3.9% | |
| 0.7 to 0.8 | 353 | 5.2% | |
| 0.8 to 0.9 | 353 | 5.2% | |
| 0.9 to 1.0 | 62 | 0.9% |
Frequently asked questions
What is the average correlation of NEU?
NewMarket Corporation (NEU) has an average correlation of about -0.111 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NEU positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for NEU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.4% of all pairs.
Explore the full interactive correlation distribution for NEU.
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