Northrop Grumman Corp. (NOC) Correlation Distribution
Across 6,809 rolling correlation observations between Northrop Grumman Corp. (NOC) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.206, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.4% and strong negative correlations (≤−0.7) for 25%.
- Total observations
- 6,809
- Mean correlation
- -0.206
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 4.4%
- Sector
- Search, Detection, Navagation, Guidance, Aeronautical Sys
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 44 | 0.6% | |
| -0.9 to -0.8 | 831 | 12.2% | |
| -0.8 to -0.7 | 830 | 12.2% | |
| -0.7 to -0.6 | 504 | 7.4% | |
| -0.6 to -0.5 | 503 | 7.4% | |
| -0.5 to -0.4 | 359 | 5.3% | |
| -0.4 to -0.3 | 358 | 5.3% | |
| -0.3 to -0.2 | 315 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 310 | 4.6% | |
| 0.0 to 0.1 | 310 | 4.6% | |
| 0.1 to 0.2 | 294 | 4.3% | |
| 0.2 to 0.3 | 293 | 4.3% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 294 | 4.3% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 143 | 2.1% | |
| 0.8 to 0.9 | 142 | 2.1% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of NOC?
Northrop Grumman Corp. (NOC) has an average correlation of about -0.206 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NOC positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 4.4%.
What is the most common correlation range for NOC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for NOC.
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