Park Hotels & Resorts Inc. Common Stock (PK) Correlation Distribution
Across 6,809 rolling correlation observations between Park Hotels & Resorts Inc. Common Stock (PK) and other NASDAQ-listed stocks, 76.2% are positive and 23.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.2%
- Strong positive (≥0.7)
- 11.7%
- Sector
- Hotels & Motels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 45 | 0.7% | |
| -0.6 to -0.5 | 45 | 0.7% | |
| -0.5 to -0.4 | 136 | 2.0% | |
| -0.4 to -0.3 | 136 | 2.0% | |
| -0.3 to -0.2 | 422 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 405 | 5.9% | |
| 0.0 to 0.1 | 404 | 5.9% | |
| 0.1 to 0.2 | 419 | 6.2% | |
| 0.2 to 0.3 | 418 | 6.1% | |
| 0.3 to 0.4 | 624 | 9.2% | |
| 0.4 to 0.5 | 623 | 9.1% | |
| 0.5 to 0.6 | 951 | 14.0% | |
| 0.6 to 0.7 | 950 | 14.0% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of PK?
Park Hotels & Resorts Inc. Common Stock (PK) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PK positively correlated with other stocks?
Mostly yes — 76.2% of pairs are positive and 23.8% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for PK?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.6% of all pairs.
Explore the full interactive correlation distribution for PK.
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