RELX PLC (RELX) Correlation Distribution
Across 6,809 rolling correlation observations between RELX PLC (RELX) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 16.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 338 | 5.0% | |
| -0.8 to -0.7 | 337 | 4.9% | |
| -0.7 to -0.6 | 779 | 11.4% | |
| -0.6 to -0.5 | 779 | 11.4% | |
| -0.5 to -0.4 | 526 | 7.7% | |
| -0.4 to -0.3 | 525 | 7.7% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 236 | 3.5% | |
| 0.1 to 0.2 | 202 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 205 | 3.0% | |
| 0.4 to 0.5 | 204 | 3.0% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 342 | 5.0% |
Frequently asked questions
What is the average correlation of RELX?
RELX PLC (RELX) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RELX positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for RELX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for RELX.
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