Paccar Inc (PCAR) Correlation Distribution
Across 6,809 rolling correlation observations between Paccar Inc (PCAR) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 13.3%.
- Total observations
- 6,809
- Mean correlation
- -0.136
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 14%
- Sector
- Motor Vehicles & Passenger Car Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 444 | 6.5% | |
| -0.8 to -0.7 | 443 | 6.5% | |
| -0.7 to -0.6 | 893 | 13.1% | |
| -0.6 to -0.5 | 892 | 13.1% | |
| -0.5 to -0.4 | 460 | 6.8% | |
| -0.4 to -0.3 | 460 | 6.8% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 257 | 3.8% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 201 | 3.0% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 211 | 3.1% | |
| 0.4 to 0.5 | 211 | 3.1% | |
| 0.5 to 0.6 | 246 | 3.6% | |
| 0.6 to 0.7 | 246 | 3.6% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 208 | 3.1% |
Frequently asked questions
What is the average correlation of PCAR?
Paccar Inc (PCAR) has an average correlation of about -0.136 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PCAR positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for PCAR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for PCAR.
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