Premier, Inc. Class A (PINC) Correlation Distribution
Across 6,809 rolling correlation observations between Premier, Inc. Class A (PINC) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.198, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.5% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,809
- Mean correlation
- 0.198
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 19.5%
- Sector
- Services-Management Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 113 | 1.7% | |
| -0.9 to -0.8 | 304 | 4.5% | |
| -0.8 to -0.7 | 304 | 4.5% | |
| -0.7 to -0.6 | 260 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 215 | 3.2% | |
| -0.4 to -0.3 | 215 | 3.2% | |
| -0.3 to -0.2 | 196 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 455 | 6.7% | |
| 0.4 to 0.5 | 455 | 6.7% | |
| 0.5 to 0.6 | 806 | 11.8% | |
| 0.6 to 0.7 | 806 | 11.8% | |
| 0.7 to 0.8 | 618 | 9.1% | |
| 0.8 to 0.9 | 617 | 9.1% | |
| 0.9 to 1.0 | 91 | 1.3% |
Frequently asked questions
What is the average correlation of PINC?
Premier, Inc. Class A (PINC) has an average correlation of about 0.198 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PINC positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 19.5%.
What is the most common correlation range for PINC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for PINC.
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