Reliance, Inc. (RS) Correlation Distribution
Across 6,809 rolling correlation observations between Reliance, Inc. (RS) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.177, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 27.9%.
- Total observations
- 6,809
- Mean correlation
- -0.177
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 14.1%
- Sector
- Wholesale-Metals Service Centers & Offices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 75 | 1.1% | |
| -0.9 to -0.8 | 912 | 13.4% | |
| -0.8 to -0.7 | 912 | 13.4% | |
| -0.7 to -0.6 | 595 | 8.7% | |
| -0.6 to -0.5 | 594 | 8.7% | |
| -0.5 to -0.4 | 286 | 4.2% | |
| -0.4 to -0.3 | 285 | 4.2% | |
| -0.3 to -0.2 | 222 | 3.3% | |
| -0.2 to -0.1 | 221 | 3.2% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 199 | 2.9% | |
| 0.5 to 0.6 | 261 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 377 | 5.5% | |
| 0.8 to 0.9 | 376 | 5.5% | |
| 0.9 to 1.0 | 207 | 3.0% |
Frequently asked questions
What is the average correlation of RS?
Reliance, Inc. (RS) has an average correlation of about -0.177 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RS positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for RS?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for RS.
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