Piper Sandler Companies (PIPR) Correlation Distribution
Across 6,809 rolling correlation observations between Piper Sandler Companies (PIPR) and other NASDAQ-listed stocks, 43.4% are positive and 56.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- -0.007
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.4%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 603 | 8.9% | |
| -0.6 to -0.5 | 603 | 8.9% | |
| -0.5 to -0.4 | 654 | 9.6% | |
| -0.4 to -0.3 | 654 | 9.6% | |
| -0.3 to -0.2 | 395 | 5.8% | |
| -0.2 to -0.1 | 394 | 5.8% | |
| -0.1 to 0.0 | 296 | 4.3% | |
| 0.0 to 0.1 | 296 | 4.3% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 292 | 4.3% | |
| 0.6 to 0.7 | 292 | 4.3% | |
| 0.7 to 0.8 | 424 | 6.2% | |
| 0.8 to 0.9 | 424 | 6.2% | |
| 0.9 to 1.0 | 252 | 3.7% |
Frequently asked questions
What is the average correlation of PIPR?
Piper Sandler Companies (PIPR) has an average correlation of about -0.007 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PIPR positively correlated with other stocks?
Not predominantly — 43.4% of pairs are positive and 56.6% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for PIPR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.2% of all pairs.
Explore the full interactive correlation distribution for PIPR.
Open interactive dashboard →