POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of Common Stock) (PKX) Correlation Distribution
Across 6,809 rolling correlation observations between POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of Common Stock) (PKX) and other NASDAQ-listed stocks, 49.3% are positive and 50.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.016
- Most common range
- -0.1 to 0.0
- Positive pairs
- 49.3%
- Strong positive (≥0.7)
- 1.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 66 | 1.0% | |
| -0.6 to -0.5 | 66 | 1.0% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 821 | 12.1% | |
| -0.2 to -0.1 | 821 | 12.1% | |
| -0.1 to 0.0 | 1,075 | 15.8% | |
| 0.0 to 0.1 | 1,074 | 15.8% | |
| 0.1 to 0.2 | 607 | 8.9% | |
| 0.2 to 0.3 | 607 | 8.9% | |
| 0.3 to 0.4 | 322 | 4.7% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 159 | 2.3% | |
| 0.6 to 0.7 | 159 | 2.3% | |
| 0.7 to 0.8 | 53 | 0.8% | |
| 0.8 to 0.9 | 52 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of PKX?
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of Common Stock) (PKX) has an average correlation of about 0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PKX positively correlated with other stocks?
Not predominantly — 49.3% of pairs are positive and 50.7% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for PKX?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 73.5% of all pairs.
Explore the full interactive correlation distribution for PKX.
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