Triple Flag Precious Metals Corp. (TFPM) Correlation Distribution
Across 6,574 rolling correlation observations between Triple Flag Precious Metals Corp. (TFPM) and other NASDAQ-listed stocks, 47.9% are positive and 52.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,574
- Mean correlation
- -0.006
- Most common range
- -0.7 to -0.6
- Positive pairs
- 47.9%
- Strong positive (≥0.7)
- 8.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 155 | 2.4% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 562 | 8.5% | |
| -0.6 to -0.5 | 561 | 8.5% | |
| -0.5 to -0.4 | 514 | 7.8% | |
| -0.4 to -0.3 | 514 | 7.8% | |
| -0.3 to -0.2 | 324 | 4.9% | |
| -0.2 to -0.1 | 323 | 4.9% | |
| -0.1 to 0.0 | 317 | 4.8% | |
| 0.0 to 0.1 | 316 | 4.8% | |
| 0.1 to 0.2 | 324 | 4.9% | |
| 0.2 to 0.3 | 323 | 4.9% | |
| 0.3 to 0.4 | 340 | 5.2% | |
| 0.4 to 0.5 | 340 | 5.2% | |
| 0.5 to 0.6 | 474 | 7.2% | |
| 0.6 to 0.7 | 473 | 7.2% | |
| 0.7 to 0.8 | 272 | 4.1% | |
| 0.8 to 0.9 | 272 | 4.1% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of TFPM?
Triple Flag Precious Metals Corp. (TFPM) has an average correlation of about -0.006 with other NASDAQ stocks, based on 6,574 pairwise observations.
Is TFPM positively correlated with other stocks?
Not predominantly — 47.9% of pairs are positive and 52.1% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for TFPM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for TFPM.
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