Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) (RTO) Correlation Distribution
Across 6,470 rolling correlation observations between Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) (RTO) and other NASDAQ-listed stocks, 48.4% are positive and 51.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,470
- Mean correlation
- -0.016
- Most common range
- -0.7 to -0.6
- Positive pairs
- 48.4%
- Strong positive (≥0.7)
- 6.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 141 | 2.2% | |
| -0.8 to -0.7 | 141 | 2.2% | |
| -0.7 to -0.6 | 635 | 9.8% | |
| -0.6 to -0.5 | 634 | 9.8% | |
| -0.5 to -0.4 | 423 | 6.5% | |
| -0.4 to -0.3 | 423 | 6.5% | |
| -0.3 to -0.2 | 328 | 5.1% | |
| -0.2 to -0.1 | 327 | 5.1% | |
| -0.1 to 0.0 | 286 | 4.4% | |
| 0.0 to 0.1 | 286 | 4.4% | |
| 0.1 to 0.2 | 335 | 5.2% | |
| 0.2 to 0.3 | 334 | 5.2% | |
| 0.3 to 0.4 | 419 | 6.5% | |
| 0.4 to 0.5 | 418 | 6.5% | |
| 0.5 to 0.6 | 467 | 7.2% | |
| 0.6 to 0.7 | 467 | 7.2% | |
| 0.7 to 0.8 | 203 | 3.1% | |
| 0.8 to 0.9 | 203 | 3.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of RTO?
Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) (RTO) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,470 pairwise observations.
Is RTO positively correlated with other stocks?
Not predominantly — 48.4% of pairs are positive and 51.6% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for RTO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for RTO.
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