Red Rock Resorts, Inc. Class A Common Stock (RRR) Correlation Distribution
Across 6,809 rolling correlation observations between Red Rock Resorts, Inc. Class A Common Stock (RRR) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.032
- Most common range
- -0.5 to -0.4
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 8.1%
- Sector
- Hotels & Motels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 117 | 1.7% | |
| -0.8 to -0.7 | 116 | 1.7% | |
| -0.7 to -0.6 | 344 | 5.1% | |
| -0.6 to -0.5 | 343 | 5.0% | |
| -0.5 to -0.4 | 545 | 8.0% | |
| -0.4 to -0.3 | 544 | 8.0% | |
| -0.3 to -0.2 | 483 | 7.1% | |
| -0.2 to -0.1 | 482 | 7.1% | |
| -0.1 to 0.0 | 432 | 6.3% | |
| 0.0 to 0.1 | 432 | 6.3% | |
| 0.1 to 0.2 | 382 | 5.6% | |
| 0.2 to 0.3 | 381 | 5.6% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 473 | 6.9% | |
| 0.7 to 0.8 | 272 | 4.0% | |
| 0.8 to 0.9 | 271 | 4.0% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of RRR?
Red Rock Resorts, Inc. Class A Common Stock (RRR) has an average correlation of about 0.032 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RRR positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for RRR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for RRR.
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