PepsiCo, Inc. (PEP) Correlation Distribution
Across 6,809 rolling correlation observations between PepsiCo, Inc. (PEP) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.113, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,809
- Mean correlation
- -0.113
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 197 | 2.9% | |
| -0.8 to -0.7 | 196 | 2.9% | |
| -0.7 to -0.6 | 557 | 8.2% | |
| -0.6 to -0.5 | 556 | 8.2% | |
| -0.5 to -0.4 | 543 | 8.0% | |
| -0.4 to -0.3 | 542 | 8.0% | |
| -0.3 to -0.2 | 506 | 7.4% | |
| -0.2 to -0.1 | 506 | 7.4% | |
| -0.1 to 0.0 | 499 | 7.3% | |
| 0.0 to 0.1 | 499 | 7.3% | |
| 0.1 to 0.2 | 457 | 6.7% | |
| 0.2 to 0.3 | 456 | 6.7% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 233 | 3.4% | |
| 0.6 to 0.7 | 232 | 3.4% | |
| 0.7 to 0.8 | 76 | 1.1% | |
| 0.8 to 0.9 | 76 | 1.1% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of PEP?
PepsiCo, Inc. (PEP) has an average correlation of about -0.113 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PEP positively correlated with other stocks?
Not predominantly — 39.7% of pairs are positive and 60.3% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for PEP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 42.9% of all pairs.
Explore the full interactive correlation distribution for PEP.
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