Regal Rexnord Corporation (RRX) Correlation Distribution
Across 6,800 rolling correlation observations between Regal Rexnord Corporation (RRX) and other NASDAQ-listed stocks, 78.3% are positive and 21.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.178, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,800
- Mean correlation
- 0.178
- Most common range
- 0.1 to 0.2
- Positive pairs
- 78.3%
- Strong positive (≥0.7)
- 0.1%
- Sector
- General Industrial Machinery & Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 1 | 0.0% | |
| -0.6 to -0.5 | 1 | 0.0% | |
| -0.5 to -0.4 | 49 | 0.7% | |
| -0.4 to -0.3 | 49 | 0.7% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 818 | 12.0% | |
| 0.0 to 0.1 | 818 | 12.0% | |
| 0.1 to 0.2 | 1,267 | 18.6% | |
| 0.2 to 0.3 | 1,267 | 18.6% | |
| 0.3 to 0.4 | 816 | 12.0% | |
| 0.4 to 0.5 | 815 | 12.0% | |
| 0.5 to 0.6 | 169 | 2.5% | |
| 0.6 to 0.7 | 168 | 2.5% | |
| 0.7 to 0.8 | 3 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of RRX?
Regal Rexnord Corporation (RRX) has an average correlation of about 0.178 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is RRX 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 0.1%.
What is the most common correlation range for RRX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 69.5% of all pairs.
Explore the full interactive correlation distribution for RRX.
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