Pure Storage, Inc. Class A (PSTG) Correlation Distribution
Across 6,809 rolling correlation observations between Pure Storage, Inc. Class A (PSTG) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 7.5%.
- Total observations
- 6,809
- Mean correlation
- -0.089
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Computer Storage Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 257 | 3.8% | |
| -0.8 to -0.7 | 257 | 3.8% | |
| -0.7 to -0.6 | 889 | 13.1% | |
| -0.6 to -0.5 | 889 | 13.1% | |
| -0.5 to -0.4 | 522 | 7.7% | |
| -0.4 to -0.3 | 522 | 7.7% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 228 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 221 | 3.2% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 93 | 1.4% |
Frequently asked questions
What is the average correlation of PSTG?
Pure Storage, Inc. Class A (PSTG) has an average correlation of about -0.089 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PSTG positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for PSTG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for PSTG.
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