Parker-Hannifin Corporation (PH) Correlation Distribution
Across 6,809 rolling correlation observations between Parker-Hannifin Corporation (PH) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.064
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Miscellaneous Fabricated Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 294 | 4.3% | |
| -0.8 to -0.7 | 293 | 4.3% | |
| -0.7 to -0.6 | 749 | 11.0% | |
| -0.6 to -0.5 | 748 | 11.0% | |
| -0.5 to -0.4 | 603 | 8.9% | |
| -0.4 to -0.3 | 603 | 8.9% | |
| -0.3 to -0.2 | 292 | 4.3% | |
| -0.2 to -0.1 | 292 | 4.3% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 190 | 2.8% | |
| 0.3 to 0.4 | 198 | 2.9% | |
| 0.4 to 0.5 | 197 | 2.9% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 379 | 5.6% | |
| 0.8 to 0.9 | 379 | 5.6% | |
| 0.9 to 1.0 | 427 | 6.3% |
Frequently asked questions
What is the average correlation of PH?
Parker-Hannifin Corporation (PH) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PH positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for PH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for PH.
Open interactive dashboard →