TFI International Inc. (TFII) Correlation Distribution
Across 6,809 rolling correlation observations between TFI International Inc. (TFII) and other NASDAQ-listed stocks, 42.6% are positive and 57.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.039, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- -0.039
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.6%
- Strong positive (≥0.7)
- 8.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 150 | 2.2% | |
| -0.8 to -0.7 | 149 | 2.2% | |
| -0.7 to -0.6 | 546 | 8.0% | |
| -0.6 to -0.5 | 545 | 8.0% | |
| -0.5 to -0.4 | 637 | 9.4% | |
| -0.4 to -0.3 | 636 | 9.3% | |
| -0.3 to -0.2 | 452 | 6.6% | |
| -0.2 to -0.1 | 451 | 6.6% | |
| -0.1 to 0.0 | 339 | 5.0% | |
| 0.0 to 0.1 | 339 | 5.0% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 300 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 405 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 292 | 4.3% | |
| 0.8 to 0.9 | 291 | 4.3% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of TFII?
TFI International Inc. (TFII) has an average correlation of about -0.039 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TFII positively correlated with other stocks?
Not predominantly — 42.6% of pairs are positive and 57.4% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for TFII?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for TFII.
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