Philip Morris International Inc. (PM) Correlation Distribution
Across 6,809 rolling correlation observations between Philip Morris International Inc. (PM) and other NASDAQ-listed stocks, 42.8% are positive and 57.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- -0.009
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.8%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Cigarettes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 320 | 4.7% | |
| -0.6 to -0.5 | 319 | 4.7% | |
| -0.5 to -0.4 | 795 | 11.7% | |
| -0.4 to -0.3 | 794 | 11.7% | |
| -0.3 to -0.2 | 606 | 8.9% | |
| -0.2 to -0.1 | 606 | 8.9% | |
| -0.1 to 0.0 | 374 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 332 | 4.9% | |
| 0.2 to 0.3 | 331 | 4.9% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 292 | 4.3% | |
| 0.5 to 0.6 | 331 | 4.9% | |
| 0.6 to 0.7 | 331 | 4.9% | |
| 0.7 to 0.8 | 309 | 4.5% | |
| 0.8 to 0.9 | 309 | 4.5% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of PM?
Philip Morris International Inc. (PM) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PM positively correlated with other stocks?
Not predominantly — 42.8% of pairs are positive and 57.2% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for PM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for PM.
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