RTX Corporation (RTX) Correlation Distribution
Across 6,809 rolling correlation observations between RTX Corporation (RTX) and other NASDAQ-listed stocks, 42% are positive and 58% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- -0.038
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Aircraft Engines & Engine Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 112 | 1.6% | |
| -0.8 to -0.7 | 111 | 1.6% | |
| -0.7 to -0.6 | 634 | 9.3% | |
| -0.6 to -0.5 | 633 | 9.3% | |
| -0.5 to -0.4 | 658 | 9.7% | |
| -0.4 to -0.3 | 657 | 9.6% | |
| -0.3 to -0.2 | 421 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 303 | 4.4% | |
| 0.0 to 0.1 | 303 | 4.4% | |
| 0.1 to 0.2 | 279 | 4.1% | |
| 0.2 to 0.3 | 278 | 4.1% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 317 | 4.7% | |
| 0.7 to 0.8 | 400 | 5.9% | |
| 0.8 to 0.9 | 399 | 5.9% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of RTX?
RTX Corporation (RTX) has an average correlation of about -0.038 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RTX positively correlated with other stocks?
Not predominantly — 42% of pairs are positive and 58% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for RTX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for RTX.
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