Powell Industries Inc (POWL) Correlation Distribution
Across 6,809 rolling correlation observations between Powell Industries Inc (POWL) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.078, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,809
- Mean correlation
- -0.078
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Switchgear & Switchboard Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 245 | 3.6% | |
| -0.8 to -0.7 | 244 | 3.6% | |
| -0.7 to -0.6 | 688 | 10.1% | |
| -0.6 to -0.5 | 687 | 10.1% | |
| -0.5 to -0.4 | 755 | 11.1% | |
| -0.4 to -0.3 | 754 | 11.1% | |
| -0.3 to -0.2 | 316 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 202 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 209 | 3.1% | |
| 0.4 to 0.5 | 209 | 3.1% | |
| 0.5 to 0.6 | 252 | 3.7% | |
| 0.6 to 0.7 | 251 | 3.7% | |
| 0.7 to 0.8 | 402 | 5.9% | |
| 0.8 to 0.9 | 401 | 5.9% | |
| 0.9 to 1.0 | 236 | 3.5% |
Frequently asked questions
What is the average correlation of POWL?
Powell Industries Inc (POWL) has an average correlation of about -0.078 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is POWL positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for POWL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for POWL.
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