Packaging Corp of America (PKG) Correlation Distribution
Across 6,809 rolling correlation observations between Packaging Corp of America (PKG) and other NASDAQ-listed stocks, 43% are positive and 57% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.011, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.8% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- -0.011
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43%
- Strong positive (≥0.7)
- 14.8%
- Sector
- Paperboard Containers & Boxes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 508 | 7.5% | |
| -0.6 to -0.5 | 508 | 7.5% | |
| -0.5 to -0.4 | 721 | 10.6% | |
| -0.4 to -0.3 | 720 | 10.6% | |
| -0.3 to -0.2 | 432 | 6.3% | |
| -0.2 to -0.1 | 432 | 6.3% | |
| -0.1 to 0.0 | 307 | 4.5% | |
| 0.0 to 0.1 | 306 | 4.5% | |
| 0.1 to 0.2 | 264 | 3.9% | |
| 0.2 to 0.3 | 264 | 3.9% | |
| 0.3 to 0.4 | 227 | 3.3% | |
| 0.4 to 0.5 | 227 | 3.3% | |
| 0.5 to 0.6 | 315 | 4.6% | |
| 0.6 to 0.7 | 314 | 4.6% | |
| 0.7 to 0.8 | 445 | 6.5% | |
| 0.8 to 0.9 | 444 | 6.5% | |
| 0.9 to 1.0 | 119 | 1.7% |
Frequently asked questions
What is the average correlation of PKG?
Packaging Corp of America (PKG) has an average correlation of about -0.011 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PKG positively correlated with other stocks?
Not predominantly — 43% of pairs are positive and 57% are negative. Strong positive correlations (≥0.7) make up 14.8%.
What is the most common correlation range for PKG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for PKG.
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