PHINIA Inc. (PHIN) Correlation Distribution
Across 5,939 rolling correlation observations between PHINIA Inc. (PHIN) and other NASDAQ-listed stocks, 57.1% are positive and 42.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.116, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.7% and strong negative correlations (≤−0.7) for 12.9%.
- Total observations
- 5,939
- Mean correlation
- 0.116
- Most common range
- 0.7 to 0.8
- Positive pairs
- 57.1%
- Strong positive (≥0.7)
- 26.7%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 376 | 6.3% | |
| -0.8 to -0.7 | 375 | 6.3% | |
| -0.7 to -0.6 | 355 | 6.0% | |
| -0.6 to -0.5 | 354 | 6.0% | |
| -0.5 to -0.4 | 259 | 4.4% | |
| -0.4 to -0.3 | 258 | 4.3% | |
| -0.3 to -0.2 | 190 | 3.2% | |
| -0.2 to -0.1 | 189 | 3.2% | |
| -0.1 to 0.0 | 180 | 3.0% | |
| 0.0 to 0.1 | 179 | 3.0% | |
| 0.1 to 0.2 | 210 | 3.5% | |
| 0.2 to 0.3 | 210 | 3.5% | |
| 0.3 to 0.4 | 250 | 4.2% | |
| 0.4 to 0.5 | 249 | 4.2% | |
| 0.5 to 0.6 | 355 | 6.0% | |
| 0.6 to 0.7 | 354 | 6.0% | |
| 0.7 to 0.8 | 676 | 11.4% | |
| 0.8 to 0.9 | 675 | 11.4% | |
| 0.9 to 1.0 | 232 | 3.9% |
Frequently asked questions
What is the average correlation of PHIN?
PHINIA Inc. (PHIN) has an average correlation of about 0.116 with other NASDAQ stocks, based on 5,939 pairwise observations.
Is PHIN positively correlated with other stocks?
Mostly yes — 57.1% of pairs are positive and 42.9% are negative. Strong positive correlations (≥0.7) make up 26.7%.
What is the most common correlation range for PHIN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for PHIN.
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