Impinj, Inc. Common Stock (PI) Correlation Distribution
Across 6,809 rolling correlation observations between Impinj, Inc. Common Stock (PI) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.08
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 6.9%
- Sector
- Electronic Components, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 817 | 12.0% | |
| -0.6 to -0.5 | 816 | 12.0% | |
| -0.5 to -0.4 | 707 | 10.4% | |
| -0.4 to -0.3 | 706 | 10.4% | |
| -0.3 to -0.2 | 365 | 5.4% | |
| -0.2 to -0.1 | 364 | 5.3% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 289 | 4.2% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 389 | 5.7% | |
| 0.6 to 0.7 | 389 | 5.7% | |
| 0.7 to 0.8 | 236 | 3.5% | |
| 0.8 to 0.9 | 236 | 3.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PI?
Impinj, Inc. Common Stock (PI) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PI positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for PI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for PI.
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