RLI Corp. (RLI) Correlation Distribution
Across 6,809 rolling correlation observations between RLI Corp. (RLI) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 20.3%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 15.4%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 685 | 10.1% | |
| -0.8 to -0.7 | 685 | 10.1% | |
| -0.7 to -0.6 | 771 | 11.3% | |
| -0.6 to -0.5 | 770 | 11.3% | |
| -0.5 to -0.4 | 337 | 4.9% | |
| -0.4 to -0.3 | 337 | 4.9% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 200 | 2.9% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 192 | 2.8% | |
| 0.4 to 0.5 | 191 | 2.8% | |
| 0.5 to 0.6 | 266 | 3.9% | |
| 0.6 to 0.7 | 266 | 3.9% | |
| 0.7 to 0.8 | 467 | 6.9% | |
| 0.8 to 0.9 | 466 | 6.8% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of RLI?
RLI Corp. (RLI) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RLI positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for RLI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for RLI.
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