Quanex Building Products Corporation (NX) Correlation Distribution
Across 6,809 rolling correlation observations between Quanex Building Products Corporation (NX) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.002, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.002
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 2.6%
- Sector
- Rolling Drawing & Extruding Of Nonferrous Metals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 116 | 1.7% | |
| -0.5 to -0.4 | 586 | 8.6% | |
| -0.4 to -0.3 | 585 | 8.6% | |
| -0.3 to -0.2 | 902 | 13.2% | |
| -0.2 to -0.1 | 902 | 13.2% | |
| -0.1 to 0.0 | 560 | 8.2% | |
| 0.0 to 0.1 | 560 | 8.2% | |
| 0.1 to 0.2 | 431 | 6.3% | |
| 0.2 to 0.3 | 431 | 6.3% | |
| 0.3 to 0.4 | 435 | 6.4% | |
| 0.4 to 0.5 | 434 | 6.4% | |
| 0.5 to 0.6 | 280 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 88 | 1.3% | |
| 0.8 to 0.9 | 87 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NX?
Quanex Building Products Corporation (NX) has an average correlation of about 0.002 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NX positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for NX?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.6% of all pairs.
Explore the full interactive correlation distribution for NX.
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