PTC, INC (PTC) Correlation Distribution
Across 6,809 rolling correlation observations between PTC, INC (PTC) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.029
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 14.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 185 | 2.7% | |
| -0.7 to -0.6 | 548 | 8.0% | |
| -0.6 to -0.5 | 547 | 8.0% | |
| -0.5 to -0.4 | 693 | 10.2% | |
| -0.4 to -0.3 | 693 | 10.2% | |
| -0.3 to -0.2 | 417 | 6.1% | |
| -0.2 to -0.1 | 417 | 6.1% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 228 | 3.3% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 315 | 4.6% | |
| 0.6 to 0.7 | 315 | 4.6% | |
| 0.7 to 0.8 | 449 | 6.6% | |
| 0.8 to 0.9 | 448 | 6.6% | |
| 0.9 to 1.0 | 101 | 1.5% |
Frequently asked questions
What is the average correlation of PTC?
PTC, INC (PTC) has an average correlation of about -0.029 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PTC positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for PTC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for PTC.
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