Northwest Pipe Co (NWPX) Correlation Distribution
Across 6,809 rolling correlation observations between Northwest Pipe Co (NWPX) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.033
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 7.5%
- Sector
- Steel Pipe & Tubes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 313 | 4.6% | |
| -0.6 to -0.5 | 312 | 4.6% | |
| -0.5 to -0.4 | 967 | 14.2% | |
| -0.4 to -0.3 | 967 | 14.2% | |
| -0.3 to -0.2 | 553 | 8.1% | |
| -0.2 to -0.1 | 553 | 8.1% | |
| -0.1 to 0.0 | 358 | 5.3% | |
| 0.0 to 0.1 | 358 | 5.3% | |
| 0.1 to 0.2 | 299 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 282 | 4.1% | |
| 0.4 to 0.5 | 281 | 4.1% | |
| 0.5 to 0.6 | 354 | 5.2% | |
| 0.6 to 0.7 | 354 | 5.2% | |
| 0.7 to 0.8 | 255 | 3.7% | |
| 0.8 to 0.9 | 255 | 3.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of NWPX?
Northwest Pipe Co (NWPX) has an average correlation of about -0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NWPX positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for NWPX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.5% of all pairs.
Explore the full interactive correlation distribution for NWPX.
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