Perma-Pipe International Holdings, Inc. (PPIH) Correlation Distribution
Across 6,808 rolling correlation observations between Perma-Pipe International Holdings, Inc. (PPIH) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,808
- Mean correlation
- -0.063
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 5.8%
- Sector
- Industrial & Commercial Fans & Blowers & Air Purifing Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 659 | 9.7% | |
| -0.6 to -0.5 | 658 | 9.7% | |
| -0.5 to -0.4 | 646 | 9.5% | |
| -0.4 to -0.3 | 646 | 9.5% | |
| -0.3 to -0.2 | 506 | 7.4% | |
| -0.2 to -0.1 | 506 | 7.4% | |
| -0.1 to 0.0 | 349 | 5.1% | |
| 0.0 to 0.1 | 348 | 5.1% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 386 | 5.7% | |
| 0.6 to 0.7 | 385 | 5.7% | |
| 0.7 to 0.8 | 198 | 2.9% | |
| 0.8 to 0.9 | 197 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PPIH?
Perma-Pipe International Holdings, Inc. (PPIH) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PPIH positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 5.8%.
What is the most common correlation range for PPIH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 34.3% of all pairs.
Explore the full interactive correlation distribution for PPIH.
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