ROIC (ROIC) Correlation Distribution
Across 6,803 rolling correlation observations between ROIC (ROIC) and other NASDAQ-listed stocks, 78.3% are positive and 21.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.285, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,803
- Mean correlation
- 0.285
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.3%
- Strong positive (≥0.7)
- 11.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 64 | 0.9% | |
| -0.6 to -0.5 | 63 | 0.9% | |
| -0.5 to -0.4 | 126 | 1.9% | |
| -0.4 to -0.3 | 125 | 1.8% | |
| -0.3 to -0.2 | 257 | 3.8% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 478 | 7.0% | |
| 0.0 to 0.1 | 477 | 7.0% | |
| 0.1 to 0.2 | 601 | 8.8% | |
| 0.2 to 0.3 | 601 | 8.8% | |
| 0.3 to 0.4 | 706 | 10.4% | |
| 0.4 to 0.5 | 706 | 10.4% | |
| 0.5 to 0.6 | 727 | 10.7% | |
| 0.6 to 0.7 | 727 | 10.7% | |
| 0.7 to 0.8 | 380 | 5.6% | |
| 0.8 to 0.9 | 379 | 5.6% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of ROIC?
ROIC (ROIC) has an average correlation of about 0.285 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is ROIC positively correlated with other stocks?
Mostly yes — 78.3% of pairs are positive and 21.7% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for ROIC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.2% of all pairs.
Explore the full interactive correlation distribution for ROIC.
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