Phillips Edison & Company, Inc. Common Stock (PECO) Correlation Distribution
Across 6,804 rolling correlation observations between Phillips Edison & Company, Inc. Common Stock (PECO) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.072, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,804
- Mean correlation
- -0.072
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 1.6%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 525 | 7.7% | |
| -0.6 to -0.5 | 524 | 7.7% | |
| -0.5 to -0.4 | 871 | 12.8% | |
| -0.4 to -0.3 | 870 | 12.8% | |
| -0.3 to -0.2 | 502 | 7.4% | |
| -0.2 to -0.1 | 502 | 7.4% | |
| -0.1 to 0.0 | 327 | 4.8% | |
| 0.0 to 0.1 | 327 | 4.8% | |
| 0.1 to 0.2 | 305 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 348 | 5.1% | |
| 0.4 to 0.5 | 347 | 5.1% | |
| 0.5 to 0.6 | 465 | 6.8% | |
| 0.6 to 0.7 | 465 | 6.8% | |
| 0.7 to 0.8 | 55 | 0.8% | |
| 0.8 to 0.9 | 54 | 0.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PECO?
Phillips Edison & Company, Inc. Common Stock (PECO) has an average correlation of about -0.072 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is PECO positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for PECO?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.3% of all pairs.
Explore the full interactive correlation distribution for PECO.
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