RLJ Lodging Trust (RLJ) Correlation Distribution
Across 6,809 rolling correlation observations between RLJ Lodging Trust (RLJ) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.2% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 22.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 202 | 3.0% | |
| -0.6 to -0.5 | 202 | 3.0% | |
| -0.5 to -0.4 | 306 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 461 | 6.8% | |
| 0.4 to 0.5 | 460 | 6.8% | |
| 0.5 to 0.6 | 823 | 12.1% | |
| 0.6 to 0.7 | 823 | 12.1% | |
| 0.7 to 0.8 | 751 | 11.0% | |
| 0.8 to 0.9 | 751 | 11.0% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of RLJ?
RLJ Lodging Trust (RLJ) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RLJ positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 22.2%.
What is the most common correlation range for RLJ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for RLJ.
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