Nomad Foods Limited (NOMD) Correlation Distribution
Across 6,809 rolling correlation observations between Nomad Foods Limited (NOMD) and other NASDAQ-listed stocks, 68.7% are positive and 31.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.297, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.297
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.7%
- Strong positive (≥0.7)
- 32.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 245 | 3.6% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 329 | 4.8% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 490 | 7.2% | |
| 0.6 to 0.7 | 489 | 7.2% | |
| 0.7 to 0.8 | 944 | 13.9% | |
| 0.8 to 0.9 | 944 | 13.9% | |
| 0.9 to 1.0 | 318 | 4.7% |
Frequently asked questions
What is the average correlation of NOMD?
Nomad Foods Limited (NOMD) has an average correlation of about 0.297 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NOMD positively correlated with other stocks?
Mostly yes — 68.7% of pairs are positive and 31.3% are negative. Strong positive correlations (≥0.7) make up 32.4%.
What is the most common correlation range for NOMD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for NOMD.
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