RBC Bearings Incorporated (RBC) Correlation Distribution
Across 6,637 rolling correlation observations between RBC Bearings Incorporated (RBC) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.135, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.9% and strong negative correlations (≤−0.7) for 28.1%.
- Total observations
- 6,637
- Mean correlation
- -0.135
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 17.9%
- Sector
- Ball & Roller Bearings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 117 | 1.8% | |
| -0.9 to -0.8 | 873 | 13.2% | |
| -0.8 to -0.7 | 873 | 13.2% | |
| -0.7 to -0.6 | 509 | 7.7% | |
| -0.6 to -0.5 | 509 | 7.7% | |
| -0.5 to -0.4 | 281 | 4.2% | |
| -0.4 to -0.3 | 281 | 4.2% | |
| -0.3 to -0.2 | 192 | 2.9% | |
| -0.2 to -0.1 | 192 | 2.9% | |
| -0.1 to 0.0 | 183 | 2.8% | |
| 0.0 to 0.1 | 182 | 2.7% | |
| 0.1 to 0.2 | 174 | 2.6% | |
| 0.2 to 0.3 | 173 | 2.6% | |
| 0.3 to 0.4 | 196 | 3.0% | |
| 0.4 to 0.5 | 196 | 3.0% | |
| 0.5 to 0.6 | 259 | 3.9% | |
| 0.6 to 0.7 | 258 | 3.9% | |
| 0.7 to 0.8 | 463 | 7.0% | |
| 0.8 to 0.9 | 463 | 7.0% | |
| 0.9 to 1.0 | 263 | 4.0% |
Frequently asked questions
What is the average correlation of RBC?
RBC Bearings Incorporated (RBC) has an average correlation of about -0.135 with other NASDAQ stocks, based on 6,637 pairwise observations.
Is RBC 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 17.9%.
What is the most common correlation range for RBC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.5% of all pairs.
Explore the full interactive correlation distribution for RBC.
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