Constellation Brands, Inc. (STZ) Correlation Distribution
Across 6,809 rolling correlation observations between Constellation Brands, Inc. (STZ) and other NASDAQ-listed stocks, 47.5% are positive and 52.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.008, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.2% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.008
- Most common range
- -0.1 to 0.0
- Positive pairs
- 47.5%
- Strong positive (≥0.7)
- 1.2%
- Sector
- Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 147 | 2.2% | |
| -0.6 to -0.5 | 147 | 2.2% | |
| -0.5 to -0.4 | 476 | 7.0% | |
| -0.4 to -0.3 | 475 | 7.0% | |
| -0.3 to -0.2 | 739 | 10.9% | |
| -0.2 to -0.1 | 739 | 10.9% | |
| -0.1 to 0.0 | 802 | 11.8% | |
| 0.0 to 0.1 | 802 | 11.8% | |
| 0.1 to 0.2 | 592 | 8.7% | |
| 0.2 to 0.3 | 591 | 8.7% | |
| 0.3 to 0.4 | 396 | 5.8% | |
| 0.4 to 0.5 | 396 | 5.8% | |
| 0.5 to 0.6 | 187 | 2.7% | |
| 0.6 to 0.7 | 186 | 2.7% | |
| 0.7 to 0.8 | 41 | 0.6% | |
| 0.8 to 0.9 | 41 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of STZ?
Constellation Brands, Inc. (STZ) has an average correlation of about -0.008 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STZ positively correlated with other stocks?
Not predominantly — 47.5% of pairs are positive and 52.5% are negative. Strong positive correlations (≥0.7) make up 1.2%.
What is the most common correlation range for STZ?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 62.6% of all pairs.
Explore the full interactive correlation distribution for STZ.
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