Root, Inc. Class A Common Stock (ROOT) Correlation Distribution
Across 6,808 rolling correlation observations between Root, Inc. Class A Common Stock (ROOT) and other NASDAQ-listed stocks, 64.2% are positive and 35.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.189, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,808
- Mean correlation
- 0.189
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.2%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 85 | 1.2% | |
| -0.7 to -0.6 | 215 | 3.2% | |
| -0.6 to -0.5 | 215 | 3.2% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 396 | 5.8% | |
| -0.2 to -0.1 | 395 | 5.8% | |
| -0.1 to 0.0 | 411 | 6.0% | |
| 0.0 to 0.1 | 411 | 6.0% | |
| 0.1 to 0.2 | 393 | 5.8% | |
| 0.2 to 0.3 | 392 | 5.8% | |
| 0.3 to 0.4 | 465 | 6.8% | |
| 0.4 to 0.5 | 464 | 6.8% | |
| 0.5 to 0.6 | 606 | 8.9% | |
| 0.6 to 0.7 | 606 | 8.9% | |
| 0.7 to 0.8 | 459 | 6.7% | |
| 0.8 to 0.9 | 458 | 6.7% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of ROOT?
Root, Inc. Class A Common Stock (ROOT) has an average correlation of about 0.189 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ROOT positively correlated with other stocks?
Mostly yes — 64.2% of pairs are positive and 35.8% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for ROOT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.2% of all pairs.
Explore the full interactive correlation distribution for ROOT.
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