Penske Automotive Group, Inc. (PAG) Correlation Distribution
Across 6,809 rolling correlation observations between Penske Automotive Group, Inc. (PAG) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.166, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.9% and strong negative correlations (≤−0.7) for 26.5%.
- Total observations
- 6,809
- Mean correlation
- -0.166
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 12.9%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 81 | 1.2% | |
| -0.9 to -0.8 | 861 | 12.6% | |
| -0.8 to -0.7 | 860 | 12.6% | |
| -0.7 to -0.6 | 568 | 8.3% | |
| -0.6 to -0.5 | 568 | 8.3% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 228 | 3.3% | |
| 0.4 to 0.5 | 228 | 3.3% | |
| 0.5 to 0.6 | 287 | 4.2% | |
| 0.6 to 0.7 | 286 | 4.2% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 92 | 1.4% |
Frequently asked questions
What is the average correlation of PAG?
Penske Automotive Group, Inc. (PAG) has an average correlation of about -0.166 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAG positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 12.9%.
What is the most common correlation range for PAG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for PAG.
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