Teck Resources Limited (TECK) Correlation Distribution
Across 6,809 rolling correlation observations between Teck Resources Limited (TECK) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 20.3%.
- Total observations
- 6,809
- Mean correlation
- -0.144
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 8.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 688 | 10.1% | |
| -0.8 to -0.7 | 687 | 10.1% | |
| -0.7 to -0.6 | 577 | 8.5% | |
| -0.6 to -0.5 | 577 | 8.5% | |
| -0.5 to -0.4 | 358 | 5.3% | |
| -0.4 to -0.3 | 357 | 5.2% | |
| -0.3 to -0.2 | 336 | 4.9% | |
| -0.2 to -0.1 | 336 | 4.9% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 228 | 3.3% | |
| 0.2 to 0.3 | 227 | 3.3% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 382 | 5.6% | |
| 0.6 to 0.7 | 382 | 5.6% | |
| 0.7 to 0.8 | 284 | 4.2% | |
| 0.8 to 0.9 | 284 | 4.2% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of TECK?
Teck Resources Limited (TECK) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TECK positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for TECK?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 24.5% of all pairs.
Explore the full interactive correlation distribution for TECK.
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