Taylor Devices Inc (TAYD) Correlation Distribution
Across 6,797 rolling correlation observations between Taylor Devices Inc (TAYD) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.102, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 7.7%.
- Total observations
- 6,797
- Mean correlation
- -0.102
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 13.6%
- Sector
- General Industrial Machinery & Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 258 | 3.8% | |
| -0.8 to -0.7 | 258 | 3.8% | |
| -0.7 to -0.6 | 810 | 11.9% | |
| -0.6 to -0.5 | 809 | 11.9% | |
| -0.5 to -0.4 | 659 | 9.7% | |
| -0.4 to -0.3 | 659 | 9.7% | |
| -0.3 to -0.2 | 296 | 4.4% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 212 | 3.1% | |
| 0.4 to 0.5 | 212 | 3.1% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 273 | 4.0% | |
| 0.7 to 0.8 | 395 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 134 | 2.0% |
Frequently asked questions
What is the average correlation of TAYD?
Taylor Devices Inc (TAYD) has an average correlation of about -0.102 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is TAYD positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for TAYD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for TAYD.
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