TransDigm Group Incorporated (TDG) Correlation Distribution
Across 6,809 rolling correlation observations between TransDigm Group Incorporated (TDG) and other NASDAQ-listed stocks, 38% are positive and 62% 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 16.6% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 16.6%
- Sector
- Aircraft Parts & Auxiliary Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 34 | 0.5% | |
| -0.9 to -0.8 | 381 | 5.6% | |
| -0.8 to -0.7 | 380 | 5.6% | |
| -0.7 to -0.6 | 800 | 11.7% | |
| -0.6 to -0.5 | 799 | 11.7% | |
| -0.5 to -0.4 | 549 | 8.1% | |
| -0.4 to -0.3 | 549 | 8.1% | |
| -0.3 to -0.2 | 256 | 3.8% | |
| -0.2 to -0.1 | 255 | 3.7% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 187 | 2.7% | |
| 0.2 to 0.3 | 186 | 2.7% | |
| 0.3 to 0.4 | 192 | 2.8% | |
| 0.4 to 0.5 | 191 | 2.8% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 384 | 5.6% |
Frequently asked questions
What is the average correlation of TDG?
TransDigm Group Incorporated (TDG) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TDG positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for TDG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for TDG.
Open interactive dashboard →