Red Robin Gourmet Burgers Inc (RRGB) Correlation Distribution
Across 6,809 rolling correlation observations between Red Robin Gourmet Burgers Inc (RRGB) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.4% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 29.4%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 328 | 4.8% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 364 | 5.3% | |
| 0.4 to 0.5 | 363 | 5.3% | |
| 0.5 to 0.6 | 622 | 9.1% | |
| 0.6 to 0.7 | 622 | 9.1% | |
| 0.7 to 0.8 | 951 | 14.0% | |
| 0.8 to 0.9 | 950 | 14.0% | |
| 0.9 to 1.0 | 99 | 1.5% |
Frequently asked questions
What is the average correlation of RRGB?
Red Robin Gourmet Burgers Inc (RRGB) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RRGB positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 29.4%.
What is the most common correlation range for RRGB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for RRGB.
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