Portillo's Inc. Class A Common Stock (PTLO) Correlation Distribution
Across 6,798 rolling correlation observations between Portillo's Inc. Class A Common Stock (PTLO) and other NASDAQ-listed stocks, 68.3% are positive and 31.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.9% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,798
- Mean correlation
- 0.272
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.3%
- Strong positive (≥0.7)
- 31.9%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 133 | 2.0% | |
| -0.8 to -0.7 | 133 | 2.0% | |
| -0.7 to -0.6 | 362 | 5.3% | |
| -0.6 to -0.5 | 361 | 5.3% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 323 | 4.8% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 569 | 8.4% | |
| 0.6 to 0.7 | 569 | 8.4% | |
| 0.7 to 0.8 | 1,010 | 14.9% | |
| 0.8 to 0.9 | 1,010 | 14.9% | |
| 0.9 to 1.0 | 148 | 2.2% |
Frequently asked questions
What is the average correlation of PTLO?
Portillo's Inc. Class A Common Stock (PTLO) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is PTLO positively correlated with other stocks?
Mostly yes — 68.3% of pairs are positive and 31.7% are negative. Strong positive correlations (≥0.7) make up 31.9%.
What is the most common correlation range for PTLO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for PTLO.
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