Reynolds Consumer Products Inc. Common Stock (REYN) Correlation Distribution
Across 6,809 rolling correlation observations between Reynolds Consumer Products Inc. Common Stock (REYN) and other NASDAQ-listed stocks, 62.6% are positive and 37.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.094, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.094
- Most common range
- 0.3 to 0.4
- Positive pairs
- 62.6%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Plastics, Foil & Coated Paper Bags
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 276 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 424 | 6.2% | |
| -0.4 to -0.3 | 424 | 6.2% | |
| -0.3 to -0.2 | 374 | 5.5% | |
| -0.2 to -0.1 | 374 | 5.5% | |
| -0.1 to 0.0 | 385 | 5.7% | |
| 0.0 to 0.1 | 385 | 5.7% | |
| 0.1 to 0.2 | 602 | 8.8% | |
| 0.2 to 0.3 | 602 | 8.8% | |
| 0.3 to 0.4 | 933 | 13.7% | |
| 0.4 to 0.5 | 932 | 13.7% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 401 | 5.9% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 3 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of REYN?
Reynolds Consumer Products Inc. Common Stock (REYN) has an average correlation of about 0.094 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is REYN positively correlated with other stocks?
Mostly yes — 62.6% of pairs are positive and 37.4% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for REYN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 40% of all pairs.
Explore the full interactive correlation distribution for REYN.
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