Nucor Corporation (NUE) Correlation Distribution
Across 6,809 rolling correlation observations between Nucor Corporation (NUE) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 15%.
- Total observations
- 6,809
- Mean correlation
- -0.136
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 503 | 7.4% | |
| -0.8 to -0.7 | 502 | 7.4% | |
| -0.7 to -0.6 | 637 | 9.4% | |
| -0.6 to -0.5 | 637 | 9.4% | |
| -0.5 to -0.4 | 447 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 340 | 5.0% | |
| -0.2 to -0.1 | 339 | 5.0% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 279 | 4.1% | |
| 0.2 to 0.3 | 278 | 4.1% | |
| 0.3 to 0.4 | 324 | 4.8% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 217 | 3.2% | |
| 0.8 to 0.9 | 217 | 3.2% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of NUE?
Nucor Corporation (NUE) has an average correlation of about -0.136 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NUE positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for NUE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for NUE.
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