PROTO LABS, INC. (PRLB) Correlation Distribution
Across 6,809 rolling correlation observations between PROTO LABS, INC. (PRLB) and other NASDAQ-listed stocks, 62.1% are positive and 37.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.201, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.6% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- 0.201
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.1%
- Strong positive (≥0.7)
- 25.6%
- Sector
- Fabricated Structural Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 142 | 2.1% | |
| -0.8 to -0.7 | 141 | 2.1% | |
| -0.7 to -0.6 | 357 | 5.2% | |
| -0.6 to -0.5 | 356 | 5.2% | |
| -0.5 to -0.4 | 361 | 5.3% | |
| -0.4 to -0.3 | 360 | 5.3% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 319 | 4.7% | |
| 0.4 to 0.5 | 319 | 4.7% | |
| 0.5 to 0.6 | 525 | 7.7% | |
| 0.6 to 0.7 | 525 | 7.7% | |
| 0.7 to 0.8 | 723 | 10.6% | |
| 0.8 to 0.9 | 723 | 10.6% | |
| 0.9 to 1.0 | 295 | 4.3% |
Frequently asked questions
What is the average correlation of PRLB?
PROTO LABS, INC. (PRLB) has an average correlation of about 0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PRLB positively correlated with other stocks?
Mostly yes — 62.1% of pairs are positive and 37.9% are negative. Strong positive correlations (≥0.7) make up 25.6%.
What is the most common correlation range for PRLB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for PRLB.
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