Preformed Line Products Co (PLPC) Correlation Distribution
Across 6,809 rolling correlation observations between Preformed Line Products Co (PLPC) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.17, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 14.4%.
- Total observations
- 6,809
- Mean correlation
- -0.17
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 7.8%
- Sector
- Water, Sewer, Pipeline, Comm & Power Line Construction
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 490 | 7.2% | |
| -0.8 to -0.7 | 489 | 7.2% | |
| -0.7 to -0.6 | 875 | 12.9% | |
| -0.6 to -0.5 | 874 | 12.8% | |
| -0.5 to -0.4 | 441 | 6.5% | |
| -0.4 to -0.3 | 441 | 6.5% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 257 | 3.8% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 258 | 3.8% | |
| 0.4 to 0.5 | 257 | 3.8% | |
| 0.5 to 0.6 | 332 | 4.9% | |
| 0.6 to 0.7 | 332 | 4.9% | |
| 0.7 to 0.8 | 252 | 3.7% | |
| 0.8 to 0.9 | 252 | 3.7% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of PLPC?
Preformed Line Products Co (PLPC) has an average correlation of about -0.17 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PLPC positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for PLPC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for PLPC.
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