Resideo Technologies, Inc. Common Stock (REZI) Correlation Distribution
Across 6,809 rolling correlation observations between Resideo Technologies, Inc. Common Stock (REZI) and other NASDAQ-listed stocks, 80.2% are positive and 19.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.325, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.325
- Most common range
- 0.5 to 0.6
- Positive pairs
- 80.2%
- Strong positive (≥0.7)
- 12.8%
- Sector
- Wholesale-Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 46 | 0.7% | |
| -0.6 to -0.5 | 45 | 0.7% | |
| -0.5 to -0.4 | 119 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 256 | 3.8% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 454 | 6.7% | |
| 0.0 to 0.1 | 454 | 6.7% | |
| 0.1 to 0.2 | 478 | 7.0% | |
| 0.2 to 0.3 | 478 | 7.0% | |
| 0.3 to 0.4 | 739 | 10.9% | |
| 0.4 to 0.5 | 739 | 10.9% | |
| 0.5 to 0.6 | 852 | 12.5% | |
| 0.6 to 0.7 | 852 | 12.5% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of REZI?
Resideo Technologies, Inc. Common Stock (REZI) has an average correlation of about 0.325 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is REZI positively correlated with other stocks?
Mostly yes — 80.2% of pairs are positive and 19.8% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for REZI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.9% of all pairs.
Explore the full interactive correlation distribution for REZI.
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