Stanley Black & Decker, Inc. (SWK) Correlation Distribution
Across 6,809 rolling correlation observations between Stanley Black & Decker, Inc. (SWK) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.7% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 36.7%
- Sector
- Cutlery, Handtools & General Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 91 | 1.3% | |
| -0.7 to -0.6 | 298 | 4.4% | |
| -0.6 to -0.5 | 297 | 4.4% | |
| -0.5 to -0.4 | 279 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 260 | 3.8% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 288 | 4.2% | |
| 0.5 to 0.6 | 417 | 6.1% | |
| 0.6 to 0.7 | 416 | 6.1% | |
| 0.7 to 0.8 | 932 | 13.7% | |
| 0.8 to 0.9 | 931 | 13.7% | |
| 0.9 to 1.0 | 639 | 9.4% |
Frequently asked questions
What is the average correlation of SWK?
Stanley Black & Decker, Inc. (SWK) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SWK positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 36.7%.
What is the most common correlation range for SWK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for SWK.
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