Parsons Corporation (PSN) Correlation Distribution
Across 6,809 rolling correlation observations between Parsons Corporation (PSN) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.111, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- -0.111
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 13.7%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 285 | 4.2% | |
| -0.8 to -0.7 | 284 | 4.2% | |
| -0.7 to -0.6 | 907 | 13.3% | |
| -0.6 to -0.5 | 907 | 13.3% | |
| -0.5 to -0.4 | 560 | 8.2% | |
| -0.4 to -0.3 | 559 | 8.2% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 275 | 4.0% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 200 | 2.9% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 224 | 3.3% | |
| 0.4 to 0.5 | 224 | 3.3% | |
| 0.5 to 0.6 | 270 | 4.0% | |
| 0.6 to 0.7 | 269 | 4.0% | |
| 0.7 to 0.8 | 401 | 5.9% | |
| 0.8 to 0.9 | 401 | 5.9% | |
| 0.9 to 1.0 | 130 | 1.9% |
Frequently asked questions
What is the average correlation of PSN?
Parsons Corporation (PSN) has an average correlation of about -0.111 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PSN positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for PSN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for PSN.
Open interactive dashboard →