Park-Ohio Holdings Corp (PKOH) Correlation Distribution
Across 6,809 rolling correlation observations between Park-Ohio Holdings Corp (PKOH) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.7% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.187
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 4.7%
- Sector
- Metal Forgings & Stampings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 128 | 1.9% | |
| -0.6 to -0.5 | 128 | 1.9% | |
| -0.5 to -0.4 | 192 | 2.8% | |
| -0.4 to -0.3 | 191 | 2.8% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 298 | 4.4% | |
| -0.1 to 0.0 | 497 | 7.3% | |
| 0.0 to 0.1 | 496 | 7.3% | |
| 0.1 to 0.2 | 785 | 11.5% | |
| 0.2 to 0.3 | 784 | 11.5% | |
| 0.3 to 0.4 | 878 | 12.9% | |
| 0.4 to 0.5 | 877 | 12.9% | |
| 0.5 to 0.6 | 420 | 6.2% | |
| 0.6 to 0.7 | 420 | 6.2% | |
| 0.7 to 0.8 | 158 | 2.3% | |
| 0.8 to 0.9 | 157 | 2.3% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of PKOH?
Park-Ohio Holdings Corp (PKOH) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PKOH positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 4.7%.
What is the most common correlation range for PKOH?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.4% of all pairs.
Explore the full interactive correlation distribution for PKOH.
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