PetMed Express, Inc. (PETS) Correlation Distribution
Across 6,809 rolling correlation observations between PetMed Express, Inc. (PETS) and other NASDAQ-listed stocks, 65% are positive and 35% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.216, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 14.2%.
- Total observations
- 6,809
- Mean correlation
- 0.216
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65%
- Strong positive (≥0.7)
- 34.7%
- Sector
- Retail-Drug Stores And Proprietary Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 209 | 3.1% | |
| -0.9 to -0.8 | 380 | 5.6% | |
| -0.8 to -0.7 | 380 | 5.6% | |
| -0.7 to -0.6 | 248 | 3.6% | |
| -0.6 to -0.5 | 247 | 3.6% | |
| -0.5 to -0.4 | 181 | 2.7% | |
| -0.4 to -0.3 | 181 | 2.7% | |
| -0.3 to -0.2 | 179 | 2.6% | |
| -0.2 to -0.1 | 179 | 2.6% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 258 | 3.8% | |
| 0.5 to 0.6 | 482 | 7.1% | |
| 0.6 to 0.7 | 481 | 7.1% | |
| 0.7 to 0.8 | 1,054 | 15.5% | |
| 0.8 to 0.9 | 1,054 | 15.5% | |
| 0.9 to 1.0 | 257 | 3.8% |
Frequently asked questions
What is the average correlation of PETS?
PetMed Express, Inc. (PETS) has an average correlation of about 0.216 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PETS positively correlated with other stocks?
Mostly yes — 65% of pairs are positive and 35% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for PETS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for PETS.
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