Quanta Services, Inc. (PWR) Correlation Distribution
Across 6,809 rolling correlation observations between Quanta Services, Inc. (PWR) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.13, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 19.8%.
- Total observations
- 6,809
- Mean correlation
- -0.13
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 17.1%
- Sector
- Electrical Work
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 31 | 0.5% | |
| -0.9 to -0.8 | 660 | 9.7% | |
| -0.8 to -0.7 | 659 | 9.7% | |
| -0.7 to -0.6 | 773 | 11.4% | |
| -0.6 to -0.5 | 773 | 11.4% | |
| -0.5 to -0.4 | 348 | 5.1% | |
| -0.4 to -0.3 | 348 | 5.1% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 233 | 3.4% | |
| -0.1 to 0.0 | 187 | 2.7% | |
| 0.0 to 0.1 | 186 | 2.7% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 177 | 2.6% | |
| 0.4 to 0.5 | 176 | 2.6% | |
| 0.5 to 0.6 | 235 | 3.5% | |
| 0.6 to 0.7 | 235 | 3.5% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 412 | 6.1% |
Frequently asked questions
What is the average correlation of PWR?
Quanta Services, Inc. (PWR) has an average correlation of about -0.13 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PWR positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for PWR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for PWR.
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