The Sherwin-Williams Company (SHW) Correlation Distribution
Across 6,809 rolling correlation observations between The Sherwin-Williams Company (SHW) and other NASDAQ-listed stocks, 52.1% are positive and 47.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.088
- Most common range
- -0.3 to -0.2
- Positive pairs
- 52.1%
- Strong positive (≥0.7)
- 13.1%
- Sector
- Retail-Building Materials, Hardware, Garden Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 67 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 202 | 3.0% | |
| -0.6 to -0.5 | 201 | 3.0% | |
| -0.5 to -0.4 | 517 | 7.6% | |
| -0.4 to -0.3 | 517 | 7.6% | |
| -0.3 to -0.2 | 610 | 9.0% | |
| -0.2 to -0.1 | 610 | 9.0% | |
| -0.1 to 0.0 | 470 | 6.9% | |
| 0.0 to 0.1 | 469 | 6.9% | |
| 0.1 to 0.2 | 357 | 5.2% | |
| 0.2 to 0.3 | 356 | 5.2% | |
| 0.3 to 0.4 | 342 | 5.0% | |
| 0.4 to 0.5 | 341 | 5.0% | |
| 0.5 to 0.6 | 397 | 5.8% | |
| 0.6 to 0.7 | 396 | 5.8% | |
| 0.7 to 0.8 | 432 | 6.3% | |
| 0.8 to 0.9 | 432 | 6.3% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of SHW?
The Sherwin-Williams Company (SHW) has an average correlation of about 0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SHW positively correlated with other stocks?
Mostly yes — 52.1% of pairs are positive and 47.9% are negative. Strong positive correlations (≥0.7) make up 13.1%.
What is the most common correlation range for SHW?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.2% of all pairs.
Explore the full interactive correlation distribution for SHW.
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