Roper Technologies, Inc. Common Stock (ROP) Correlation Distribution
Across 6,809 rolling correlation observations between Roper Technologies, Inc. Common Stock (ROP) and other NASDAQ-listed stocks, 42% are positive and 58% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.035, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 6,809
- Mean correlation
- -0.035
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42%
- Strong positive (≥0.7)
- 13.2%
- Sector
- Industrial Instruments For Measurement, Display, And Control
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 182 | 2.7% | |
| -0.8 to -0.7 | 182 | 2.7% | |
| -0.7 to -0.6 | 539 | 7.9% | |
| -0.6 to -0.5 | 539 | 7.9% | |
| -0.5 to -0.4 | 672 | 9.9% | |
| -0.4 to -0.3 | 671 | 9.9% | |
| -0.3 to -0.2 | 427 | 6.3% | |
| -0.2 to -0.1 | 426 | 6.3% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 254 | 3.7% | |
| 0.2 to 0.3 | 253 | 3.7% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 258 | 3.8% | |
| 0.5 to 0.6 | 322 | 4.7% | |
| 0.6 to 0.7 | 322 | 4.7% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 427 | 6.3% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of ROP?
Roper Technologies, Inc. Common Stock (ROP) has an average correlation of about -0.035 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ROP positively correlated with other stocks?
Not predominantly — 42% of pairs are positive and 58% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for ROP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for ROP.
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