Stantec, Inc. (STN) Correlation Distribution
Across 6,809 rolling correlation observations between Stantec, Inc. (STN) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.108, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 14.9%.
- Total observations
- 6,809
- Mean correlation
- -0.108
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 16.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 500 | 7.3% | |
| -0.8 to -0.7 | 500 | 7.3% | |
| -0.7 to -0.6 | 784 | 11.5% | |
| -0.6 to -0.5 | 784 | 11.5% | |
| -0.5 to -0.4 | 438 | 6.4% | |
| -0.4 to -0.3 | 437 | 6.4% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 202 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 201 | 3.0% | |
| 0.5 to 0.6 | 254 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 285 | 4.2% |
Frequently asked questions
What is the average correlation of STN?
Stantec, Inc. (STN) has an average correlation of about -0.108 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STN positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for STN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for STN.
Open interactive dashboard →