Photronics Inc (PLAB) Correlation Distribution
Across 6,809 rolling correlation observations between Photronics Inc (PLAB) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.135, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.1% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,809
- Mean correlation
- -0.135
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 7.1%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 345 | 5.1% | |
| -0.8 to -0.7 | 344 | 5.1% | |
| -0.7 to -0.6 | 835 | 12.3% | |
| -0.6 to -0.5 | 835 | 12.3% | |
| -0.5 to -0.4 | 501 | 7.4% | |
| -0.4 to -0.3 | 501 | 7.4% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 373 | 5.5% | |
| 0.6 to 0.7 | 372 | 5.5% | |
| 0.7 to 0.8 | 241 | 3.5% | |
| 0.8 to 0.9 | 240 | 3.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of PLAB?
Photronics Inc (PLAB) has an average correlation of about -0.135 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PLAB positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 7.1%.
What is the most common correlation range for PLAB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for PLAB.
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