Nexstar Media Group, Inc. Common Stock (NXST) Correlation Distribution
Across 6,809 rolling correlation observations between Nexstar Media Group, Inc. Common Stock (NXST) and other NASDAQ-listed stocks, 48.2% are positive and 51.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- -0.012
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.2%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Television Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 125 | 1.8% | |
| -0.8 to -0.7 | 124 | 1.8% | |
| -0.7 to -0.6 | 351 | 5.2% | |
| -0.6 to -0.5 | 350 | 5.1% | |
| -0.5 to -0.4 | 538 | 7.9% | |
| -0.4 to -0.3 | 538 | 7.9% | |
| -0.3 to -0.2 | 517 | 7.6% | |
| -0.2 to -0.1 | 516 | 7.6% | |
| -0.1 to 0.0 | 468 | 6.9% | |
| 0.0 to 0.1 | 467 | 6.9% | |
| 0.1 to 0.2 | 470 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 474 | 7.0% | |
| 0.4 to 0.5 | 473 | 6.9% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 124 | 1.8% | |
| 0.8 to 0.9 | 123 | 1.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NXST?
Nexstar Media Group, Inc. Common Stock (NXST) has an average correlation of about -0.012 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NXST positively correlated with other stocks?
Not predominantly — 48.2% of pairs are positive and 51.8% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for NXST?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.7% of all pairs.
Explore the full interactive correlation distribution for NXST.
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