NXP Semiconductors N.V. (NXPI) Correlation Distribution
Across 6,809 rolling correlation observations between NXP Semiconductors N.V. (NXPI) and other NASDAQ-listed stocks, 52.8% are positive and 47.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.084, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.084
- Most common range
- -0.3 to -0.2
- Positive pairs
- 52.8%
- Strong positive (≥0.7)
- 7.5%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 195 | 2.9% | |
| -0.6 to -0.5 | 195 | 2.9% | |
| -0.5 to -0.4 | 484 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 650 | 9.5% | |
| -0.2 to -0.1 | 649 | 9.5% | |
| -0.1 to 0.0 | 525 | 7.7% | |
| 0.0 to 0.1 | 525 | 7.7% | |
| 0.1 to 0.2 | 386 | 5.7% | |
| 0.2 to 0.3 | 386 | 5.7% | |
| 0.3 to 0.4 | 404 | 5.9% | |
| 0.4 to 0.5 | 403 | 5.9% | |
| 0.5 to 0.6 | 492 | 7.2% | |
| 0.6 to 0.7 | 491 | 7.2% | |
| 0.7 to 0.8 | 252 | 3.7% | |
| 0.8 to 0.9 | 251 | 3.7% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of NXPI?
NXP Semiconductors N.V. (NXPI) has an average correlation of about 0.084 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NXPI positively correlated with other stocks?
Mostly yes — 52.8% of pairs are positive and 47.2% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for NXPI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 45.8% of all pairs.
Explore the full interactive correlation distribution for NXPI.
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