Rush Enterprises Inc (RUSHA) Correlation Distribution
Across 6,809 rolling correlation observations between Rush Enterprises Inc (RUSHA) and other NASDAQ-listed stocks, 40% are positive and 60% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 339 | 5.0% | |
| -0.8 to -0.7 | 339 | 5.0% | |
| -0.7 to -0.6 | 826 | 12.1% | |
| -0.6 to -0.5 | 825 | 12.1% | |
| -0.5 to -0.4 | 503 | 7.4% | |
| -0.4 to -0.3 | 503 | 7.4% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 202 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 257 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 462 | 6.8% | |
| 0.8 to 0.9 | 461 | 6.8% | |
| 0.9 to 1.0 | 259 | 3.8% |
Frequently asked questions
What is the average correlation of RUSHA?
Rush Enterprises Inc (RUSHA) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RUSHA positively correlated with other stocks?
Not predominantly — 40% of pairs are positive and 60% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for RUSHA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for RUSHA.
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