Restaurant Brands International Inc. (QSR) Correlation Distribution
Across 6,809 rolling correlation observations between Restaurant Brands International Inc. (QSR) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.062, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- -0.062
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 3%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 370 | 5.4% | |
| -0.6 to -0.5 | 370 | 5.4% | |
| -0.5 to -0.4 | 865 | 12.7% | |
| -0.4 to -0.3 | 864 | 12.7% | |
| -0.3 to -0.2 | 609 | 8.9% | |
| -0.2 to -0.1 | 608 | 8.9% | |
| -0.1 to 0.0 | 341 | 5.0% | |
| 0.0 to 0.1 | 340 | 5.0% | |
| 0.1 to 0.2 | 342 | 5.0% | |
| 0.2 to 0.3 | 341 | 5.0% | |
| 0.3 to 0.4 | 390 | 5.7% | |
| 0.4 to 0.5 | 389 | 5.7% | |
| 0.5 to 0.6 | 348 | 5.1% | |
| 0.6 to 0.7 | 347 | 5.1% | |
| 0.7 to 0.8 | 101 | 1.5% | |
| 0.8 to 0.9 | 101 | 1.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of QSR?
Restaurant Brands International Inc. (QSR) has an average correlation of about -0.062 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is QSR positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for QSR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 37.9% of all pairs.
Explore the full interactive correlation distribution for QSR.
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