Peloton Interactive, Inc. Class A Common Stock (PTON) Correlation Distribution
Across 6,809 rolling correlation observations between Peloton Interactive, Inc. Class A Common Stock (PTON) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.28, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.6% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- 0.28
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 34.6%
- Sector
- Sporting & Athletic Goods, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 334 | 4.9% | |
| -0.6 to -0.5 | 334 | 4.9% | |
| -0.5 to -0.4 | 302 | 4.4% | |
| -0.4 to -0.3 | 301 | 4.4% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 446 | 6.6% | |
| 0.6 to 0.7 | 446 | 6.6% | |
| 0.7 to 0.8 | 875 | 12.9% | |
| 0.8 to 0.9 | 874 | 12.8% | |
| 0.9 to 1.0 | 609 | 8.9% |
Frequently asked questions
What is the average correlation of PTON?
Peloton Interactive, Inc. Class A Common Stock (PTON) has an average correlation of about 0.28 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PTON positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 34.6%.
What is the most common correlation range for PTON?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for PTON.
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