Pultegroup, Inc. (PHM) Correlation Distribution
Across 6,809 rolling correlation observations between Pultegroup, Inc. (PHM) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.085, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,809
- Mean correlation
- -0.085
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 15%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 292 | 4.3% | |
| -0.8 to -0.7 | 292 | 4.3% | |
| -0.7 to -0.6 | 713 | 10.5% | |
| -0.6 to -0.5 | 713 | 10.5% | |
| -0.5 to -0.4 | 659 | 9.7% | |
| -0.4 to -0.3 | 658 | 9.7% | |
| -0.3 to -0.2 | 326 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 220 | 3.2% | |
| 0.5 to 0.6 | 258 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 393 | 5.8% | |
| 0.9 to 1.0 | 231 | 3.4% |
Frequently asked questions
What is the average correlation of PHM?
Pultegroup, Inc. (PHM) has an average correlation of about -0.085 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PHM positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for PHM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for PHM.
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