Planet Fitness, Inc. (PLNT) Correlation Distribution
Across 6,809 rolling correlation observations between Planet Fitness, Inc. (PLNT) and other NASDAQ-listed stocks, 68.2% are positive and 31.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.162, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.162
- Most common range
- -0.1 to 0.0
- Positive pairs
- 68.2%
- Strong positive (≥0.7)
- 3.3%
- Sector
- Services-Membership Sports & Recreation Clubs
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 80 | 1.2% | |
| -0.6 to -0.5 | 80 | 1.2% | |
| -0.5 to -0.4 | 157 | 2.3% | |
| -0.4 to -0.3 | 157 | 2.3% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 427 | 6.3% | |
| -0.1 to 0.0 | 813 | 11.9% | |
| 0.0 to 0.1 | 812 | 11.9% | |
| 0.1 to 0.2 | 726 | 10.7% | |
| 0.2 to 0.3 | 725 | 10.6% | |
| 0.3 to 0.4 | 612 | 9.0% | |
| 0.4 to 0.5 | 611 | 9.0% | |
| 0.5 to 0.6 | 466 | 6.8% | |
| 0.6 to 0.7 | 465 | 6.8% | |
| 0.7 to 0.8 | 112 | 1.6% | |
| 0.8 to 0.9 | 111 | 1.6% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of PLNT?
Planet Fitness, Inc. (PLNT) has an average correlation of about 0.162 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PLNT positively correlated with other stocks?
Mostly yes — 68.2% of pairs are positive and 31.8% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for PLNT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 57.7% of all pairs.
Explore the full interactive correlation distribution for PLNT.
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