Sterling Infrastructure, Inc. Common Stock (STRL) Correlation Distribution
Across 6,809 rolling correlation observations between Sterling Infrastructure, Inc. Common Stock (STRL) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 16.3%
- Sector
- Heavy Construction Other Than Bldg Const - Contractors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 325 | 4.8% | |
| -0.8 to -0.7 | 325 | 4.8% | |
| -0.7 to -0.6 | 858 | 12.6% | |
| -0.6 to -0.5 | 858 | 12.6% | |
| -0.5 to -0.4 | 569 | 8.4% | |
| -0.4 to -0.3 | 568 | 8.3% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 190 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 196 | 2.9% | |
| 0.4 to 0.5 | 195 | 2.9% | |
| 0.5 to 0.6 | 235 | 3.5% | |
| 0.6 to 0.7 | 234 | 3.4% | |
| 0.7 to 0.8 | 376 | 5.5% | |
| 0.8 to 0.9 | 375 | 5.5% | |
| 0.9 to 1.0 | 357 | 5.2% |
Frequently asked questions
What is the average correlation of STRL?
Sterling Infrastructure, Inc. Common Stock (STRL) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STRL positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for STRL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for STRL.
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