Prestige Consumer Healthcare Inc. (PBH) Correlation Distribution
Across 6,809 rolling correlation observations between Prestige Consumer Healthcare Inc. (PBH) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 393 | 5.8% | |
| -0.8 to -0.7 | 393 | 5.8% | |
| -0.7 to -0.6 | 702 | 10.3% | |
| -0.6 to -0.5 | 701 | 10.3% | |
| -0.5 to -0.4 | 507 | 7.4% | |
| -0.4 to -0.3 | 506 | 7.4% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 301 | 4.4% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 280 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 454 | 6.7% | |
| 0.8 to 0.9 | 454 | 6.7% | |
| 0.9 to 1.0 | 119 | 1.7% |
Frequently asked questions
What is the average correlation of PBH?
Prestige Consumer Healthcare Inc. (PBH) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PBH positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for PBH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for PBH.
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