Paychex Inc (PAYX) Correlation Distribution
Across 6,809 rolling correlation observations between Paychex Inc (PAYX) and other NASDAQ-listed stocks, 44.9% are positive and 55.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.018, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- -0.018
- Most common range
- -0.7 to -0.6
- Positive pairs
- 44.9%
- Strong positive (≥0.7)
- 12.2%
- Sector
- Services-Engineering, Accounting, Research, Management
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 213 | 3.1% | |
| -0.8 to -0.7 | 213 | 3.1% | |
| -0.7 to -0.6 | 544 | 8.0% | |
| -0.6 to -0.5 | 543 | 8.0% | |
| -0.5 to -0.4 | 498 | 7.3% | |
| -0.4 to -0.3 | 497 | 7.3% | |
| -0.3 to -0.2 | 458 | 6.7% | |
| -0.2 to -0.1 | 458 | 6.7% | |
| -0.1 to 0.0 | 329 | 4.8% | |
| 0.0 to 0.1 | 329 | 4.8% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 311 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 347 | 5.1% | |
| 0.6 to 0.7 | 347 | 5.1% | |
| 0.7 to 0.8 | 403 | 5.9% | |
| 0.8 to 0.9 | 402 | 5.9% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of PAYX?
Paychex Inc (PAYX) has an average correlation of about -0.018 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAYX positively correlated with other stocks?
Not predominantly — 44.9% of pairs are positive and 55.1% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for PAYX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 31.6% of all pairs.
Explore the full interactive correlation distribution for PAYX.
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